Act Now to Lower Tax Bill
(MONEY Magazine) — Next April may feel light-years away, but December will be here before you know it — and many of the benefits you can reap on tax day require you to act well before the end of the year. “The further ahead you start your tax planning, the more strategies you will have to save money,” says Indianapolis accountant Kevin Aaron. The early-bird tactics that follow can together keep thousands of bucks in your pocket.
Reap green credits: The tax credits for energy-efficient basic home improvements — including the installation of insulation, certain HVAC systems, water heaters, windows, doors, and roofing — are skimpier this year.