New Opportunities to Cut Your Tax Bill

While the sales tax deduction, the $250 deduction for teachers' supplies and the student tuition and fees deduction all expired at the end of 2005, but rumors abound that they will be extended for 2006. But in typical congressional form, the year is almost over and we still don't know the deal.

We'll keep you posted and let you know as soon as we hear. In the meantime, save your receipts.

And a final reminder: Unless your flexible spending account allows you to carry your money over through March 31, 2007, you need to use up that account before year-end or you'll lose the money. So use the money for your medical visit co-pays, eyeglasses, or even over-the-counter medications. Just be sure to spend it.

Take some time to save yourself some money. The more you keep in your pocket the more you can spend on your holiday shopping!