Monday, March 11, 2013

Saving on Your Tax Bill: 3 Things You Might Not Have Considered


 



Before you start planning for 2013, you still have 2012 taxes to worry about. Take these three steps to keep your bill as low as possible.

Enjoy Returning Favorites

The tax deal brought back dozens of expired credits and deductions, making them retroactive to 2012.

You'll again be able to deduct state sales taxes instead of income taxes -- a good move if you live in an income-tax-free state.

Homeowners can enjoy a 10% credit, up to a max of $500 over your lifetime, for energy-efficient upgrades, such as insulation.

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