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Don't Be Late
10% of taxpayers miss the filing deadline, incurring hefty penalties.
Give Stuff Away
Clothes, tech equipment, furniture and other things you no longer need can amount to hundreds in deductions -- but get a receipt.
Go Green
Buying energy-efficient windows, doors or even water-heating systems can produce a tax credit of $500 to $2,000.
e-File
60% of taxpayers file electronically these days. You'll get your refund faster, thereby collecting more interest.
Dump Savings into IRAs
Traditional and Roth IRAs (and SEPs for the self-employed) can save big on taxes; the annual limit on traditional IRA contributions is now $5,000.
Dump Salary into a 401K
Nearly one-fourth of employees don't take part in a 401K plan. If your boss matches, it's free money - and it lowers your tax burden.
Cash in on Student Loans
You can deduct up to $2,500 in student loan interest if you earn less than $75,000.
Double Check
Tax returns often have costly errors and the IRS isn't responsible for catching them.
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