Showing posts with label tax deductions. Show all posts
Showing posts with label tax deductions. Show all posts

Friday, December 28, 2012

Time is Running Out for 2012 Tax Deductions


Protect yourself from kings of identity theft with tax deductions
Quick, there are only a few days left – have you made sure you can save as much as you can on your 2012 taxes? With less than a week left, you need to prioritize how to save money before time runs out. The experts at the Equifax Finance Blog have a great guide for making the most out of these last few days before 2013 starts with the following actions:

·         Make sure your home is clear of donation-worthy items – Do a quick winter house-clearing and empty out closets full of clothes you haven’t worn or never intend to wear. You can also donate items that have never come in useful or outlived their use to you. You can donate these items that are in good condition or give some of them to people who would love them. Itemize what you donate, especially if they were expensive at any time. While itemizing, take photos for your tax file, and make sure to take advantage of tools charities offer to prove and make the most of your donation (but make sure to be careful about all the information you supply to charities to keep yourself safe from some kinds of identity theft).