Fall tax moves – start planning your 2013 tax return early

Even though the IRS may be closed due to the government shutdown, you can work on decreasing your 2013 tax obligation by taking advantage of some end-of-the-year deadlines now.  For example, max out your retirement accounts by increasing contributions to your IRA.  Look for one-time tax incentives or creditors such as purchasing energy-efficient products for tax credits.  Contribute to your child’s college savings account if you have not done so for the year.  You should also spend some time getting your receipts in order to avoid last-minute stress.

For more read, “The Best Tax Moves for Fall.”