Tip #7,177 • 2 people found helpful • 1 List A large tax refund is just an interest-free loan to the government. Adjust your tax withholdings so that you get more in your paycheck instead of a refund. The goal is to get a small refund, yet not owe any money back. Money money + taxes + savings + career + finance + Helpful... Share Share Tweet Send
Tip #7,178 • 1 person found helpful • 1 List If you get a large tax refund, put it towards your debt or building a savings fund. Use it to better your financial situation. Money money + taxes + savings + debt + finance + Helpful... Share Share Tweet Send
Tip #6,114 Canada generally allows a certain dollar amount of tax credit for children's fitness membership costs. Check online or with your tax preparer. Wellness taxes + kids + exercise + fitness + Helpful... Share Share Tweet Send
Tip #6,491 • 1 person found helpful If having your taxes done by someone else, review them thoroughly before they are sent in. Unfortunately, there are scams in the tax preparation world, so check for accuracy. Money taxes + safety + finance + Helpful... Share Share Tweet Send
Tip #6,441 You can have a Roth IRA contribution counted for the previous year up to the date that you submit your taxes. Money taxes + savings + investing + retirement + finance + Helpful... Share Share Tweet Send
Tip #6,462 Save your public transportation receipts. In many countries using public transportation for work travel may be used as a tax deduction. Money taxes + public transport + Helpful... Share Share Tweet Send
Tip #5,282 • 2 people found helpful You may be able to deduct travel expenses for medical and dental visits on your taxes. Track your mileage and check with your accountant. Money doctor + taxes + car + Helpful... Share Share Tweet Send
Tip #5,281 • 2 people found helpful Have a specific container for collecting all receipts. At the end of the month use them to reconcile your bank statement and save any that may be needed for tax purposes. Money taxes + finance + organization + Helpful... Share Share Tweet Send
Tip #5,108 • 1 person found helpful Discuss potential work tax deductions with colleagues in your field. Just double check that ones you have learned about are indeed acceptable before filing. Money taxes + co-workers + Helpful... Share Share Tweet Send
Tip #6,126 • 3 people found helpful For the best results, complete your FAFSA for higher education financial aid as soon as possible after the beginning of the year. It asks for tax information, so file as soon as possible as well. Education taxes + high school + college + finance + Helpful... Share Share Tweet Send
Tip #6,883 • 10 people found helpful Before shopping for school supplies, check if your state offers a sales tax holiday on certain dates. On these days, the sales tax is waived on most items considered part of back to school shopping. Money taxes + shopping + kids + classroom + savings + deals + Helpful... Share Share Tweet Send
Tip #4,719 • 10 people found helpful When donating items to a charity, ask for a receipt. With a receipt, you can declare your charitable donations as tax deductions. Money taxes + giving back + Helpful... Share Share Tweet Send
Tip #4,579 • 8 people found helpful Military personnel, spouses and dependent children have access to prepare and file their federal and state taxes for free. Visit http://www.va.gov/ for more information. Money taxes + savings + Helpful... Share Share Tweet Send
Tip #4,413 • 11 people found helpful Consider donating your old vehicle to a charity when it's time to upgrade. They'll often tow it away for free and you can report it as a charitable donation on your taxes. Money taxes + car shopping + car + giving back + Helpful... Share Share Tweet Send
Tip #4,323 • 10 people found helpful Keep a file for all tax documents. The minute you get a receipt or tax form, put it in the file. Money taxes + organization + Helpful... Share Share Tweet Send
Tip #4,317 • 10 people found helpful If you and a partner file taxes separately, put donations in the name of the person with the highest income to receive a larger tax rebate. Money taxes + savings + giving back + Helpful... Share Share Tweet Send
Tip #3,719 • 13 people found helpful Many areas have nonprofit organization who offer free tax preparation for senior citizens, those with lower incomes and other groups. Search online to find one that may fit your needs. Money taxes + savings + Helpful... Share Share Tweet Send
Tip #3,710 • 15 people found helpful Generally, you should save at least three year's worth of your tax documentation in case of audit by the IRS. Money taxes + finance + organization + Helpful... Share Share Tweet Send
Tip #3,945 • 20 people found helpful • 1 List If you own a small business, invest in good accounting software. Updating your records on a monthly basis will help you know how your business is doing and keeping track of income expenses throughout the year will make tax time much easier. Money taxes + computer + entrepreneur + organization + Helpful... Share Share Tweet Send
Tip #3,950 • 19 people found helpful • 1 List Obtain a W-9 from all the contract service providers of your small business. This helps you keep track of important tax and contact information. Consider not sending a contractor their first payment until you have received their completed W-9. Money taxes + entrepreneur + contractor + organization + Helpful... Share Share Tweet Send