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November 16, 2009

End-of-year moves to lower your tax bill: Consumer Sundays

Don't forget to consider taking advantage of some tax credits that Congress made available this year, Sun personal finance columnist Eileen Ambrose reminded us in her Sunday column.

There's been a lot of talk about the recently extended first-time homebuyer tax credit, but don't neglect to deduct the sales tax for any new cars you bought between Feb. 17 and the end of the year.

You can get credits for adding solar panels to your home, as well as even more money back for higher education through the American Opportunity credit --- up to $2,500 for books, tuition, fees and more. That's one more incentive to invest in yourself, especially if you want to freshen your skills or develop some new ones to stay employed in this rough economy.

Are you doing anything special this year with your taxes in mind? Let us know in the comments below.

Posted by Liz Kay at 6:56 AM | | Comments (0)
Categories: Cheap/Frugal, Taxes
        

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