Actively pursue tax deductions: Most people don't think of bargain hunting as a once-a-year event because it would be harder to find deals if you only shop once a year. The same is true with taxes. You should try to think of ways to qualify for or increase your deductions in your everyday spending and investing.Use your tax refund wisely: Find ways to spend your tax refund that help lower your future taxes. For example, buying energy-efficient appliances could make you eligible for state or federal rebates.
Five Steps to Take After Filing Your Taxes
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