Start Planning This Year's Taxes

Take a few minutes to organization your taxes for the year and begin compiling your tax deductions. Many make the mistake of waiting until April to review their taxes. Unfortunately, waiting means you may not keep the necessary paperwork to claim all of your deductions.

Another problem with waiting until April to do your taxes is you can't change anything. Use the last couple months of the year to review your tax deductions and look for opportunities to increase your deductions. Making changes to your tax deductible expenses to maximize your deductions can net you big savings on taxes come April 15.