Top 20 Tax Savings Tips
21 items ranked
It’s that time of year again, the dreaded tax season. Here are 20 tips that can save you some money.
Rated
0 points - posted 13 years ago by
kris in category
Business.
Click on up and down arrows to affect item's ranking
1.
IRA
76 points - added 12 years ago by redbarron80 -
2.
401(k) contribution limits
38 points - added 13 years ago by kris -
3.
Adjust your withholding
in the long run you may not be having enough taken out and this will save you money
19 points - added 13 years ago by kris -
4.
Health care allowance
this is a great savings if you have an HAS account
18 points - added 13 years ago by kris -
5.
Split your refund
split it up and have some saved for the following year, you never know what might happen
18 points - added 13 years ago by kris -
6.
Mileage allowance
don’t forget to claim this if you job searched
17 points - added 13 years ago by kris -
7.
Annual gift exclusion
charity can be claimed but keep your reports or receipts
16 points - added 13 years ago by kris -
8.
Energy tax credits
13 points - added 13 years ago by kris -
9.
Education tax credits
12 points - added 13 years ago by kris -
10.
Tax credit for low income workers
11 points - added 13 years ago by kris -
11.
Keep all business related receipts
10 points - added 13 years ago by kris -
12.
Claim deductions
9 points - added 13 years ago by kris -
13.
First time homebuyer credit
9 points - added 13 years ago by kris -
14.
Take all applicable tax credits
8 points - added 13 years ago by kris -
15.
Take a loss
7 points - added 13 years ago by kris -
16.
Consider tax-free investments
6 points - added 13 years ago by kris -
17.
Remember charitable donations
5 points - added 13 years ago by kris -
18.
Gift if you can
4 points - added 13 years ago by kris -
19.
Put your (older than 14 year old) children on the payroll
3 points - added 13 years ago by kris -
20.
Max out your retirement plan contributions
3 points - added 13 years ago by kris -
21.
Double-check your work
0 points - added 13 years ago by kris -
ShareRanks is about ranking things that are top, most, greatest, or even worst in all categories.
Use arrows to rank one item in versus another.
Top 10 Top 20 Tax Savings Tips are especially marked