There are only two things that are certain in life: death and taxes.
Every year before December 31, I make sure I do one thing: I contribute to the 529 plans I have for my godchildren and niece. In New York, I get a deduction for contributions which is great for a single gal like me. But every April when I'm filing my taxes I inevitably hear about some other deduction that I might've qualified for if I'd done it in time. Buzzkill.
So I was absolutely thrilled to find this article on CBSnews.com that plainly lists the 7 deductions that are expiring this year as well as some other tax strategies that I can put in place, depending on whether I expect my income to increase or decrease. Yay!
Check it out; you only have a week left to take advantage of some of these before they're gone for good.
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