Credit Crunch » Taxes http://www.credit-crunch.org Mon, 12 May 2008 01:37:55 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Top Tax Saving Tips http://www.credit-crunch.org/top-tax-saving-tips/ http://www.credit-crunch.org/top-tax-saving-tips/#comments Sat, 05 Apr 2008 19:59:50 +0000 scott http://credit-crunch.org/top-tax-saving-tips/ With tax season in full effect and everyone running to get their taxes done for the year I have to decided to list the top six ways you can save on your taxes this year. The goal of these tips are to help you be able to trim your taxable income which is a huge way to save money.

1. Look for losses to turn into tax gains.

2. Fuel your retirement funds and receive tax breaks.

3. Itemize, it’s been proven people who don’t itemize pay up to $400 more in taxes.

4. Save receipts that can be classified as expenses.

5. Look up your tax bracket.

6. Plan for the AMT ahead of time so it doesn’t shock you.

Follow through with these six tips and I guarantee you will be able to save money on this years tax form.

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