Sometimes the simplest tax-planning techniques are the most effective. You still have close to two months to get your act together and cut your 2019 taxes.
Get your receipts: Congress is allowing you to use tax breaks for tuition and fees paid last year, as well as mortgage insurance.
The IRS rewards savers who stash money in a health savings account or an IRA. You have until April 15 to contribute to these accounts and write it off for 2019. If you have student loans, you may be able to deduct up to $2,500 or the amount of interest paid during 2019.The April 15 tax deadline is about two months away, yet that's still plenty of time to knock a few dollars off your 2019 tax bill.
The IRS declared tax season open on Jan. 27. The agency expects to receive more than 150 million individual income tax returns for the 2019 tax year.. Of these, 4.3 million got money back from Uncle Sam, receiving an average refund of $1,869. If you have time to scrounge around your box of receipts and review the relevant documents you received in the mail, you may have a shot at
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