How to Save on Your 2010 Taxes – Year End Tax Tip #1
Here are 3 Ideas that you can use to save on your taxes this upcoming tax season.
- 1. Consult your investment advisor regarding selling any stocks that have lost money this year. You can use the losses to reduce your tax liability.
2. Purchase qualifying energy-star compliant doors, windows and appliances to take advantage of the Residential Energy Tax Credit and
3. Make your contributions or non-cash donations to your favorite church or charity before January 1st, 2010 and remember to get your receipt.
I’ll be sharing more on these and other tax saving ideas over the next few weeks. If you have any questions or need assistance, please feel free to give me a call at 240-356-5050.