Don’t overlook these tax breaks

April 5, 2008

With just over a week to finish up our 2007 Form 1040s, all of us late-season filers are starting to get serious.

Many are in good shape, despite the late date. They have all the data and documentation they need; it’s just a matter of entering the info and sending it to the IRS.

Others are a little less organized, but still plan to make the April 15 deadline.

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Regardless of which group you belong to, make sure you don’t get in a hurry and miss out on a tax break or two. Here are 10 tax-saving moves that often are overlooked:

  1. Additional charitable gifts
  2. Moving expenses
  3. Job hunting costs
  4. Military personnel travel
  5. Child, and more, care credit
  6. Mortgage refi points
  7. Many medical costs
  8. Retirement tax savings
  9. Educational expenses
  10. Residential energy upgrades

Details on each of these can be found in this story I wrote for Bankrate.

Now, since I’m in the second category — I know, I know. Do as I say, not as I do. — I’m off to get my tax filing in better shape.

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Hello Tax Season 2026

Happy New Tax Year! Are you ready to file your 2025 tax return? I know, too early to ask. But Tax Day 2026 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol’ blog’s tips and other tax reminders should help all of us meet our state and federal responsibilities. Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April’s Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the IRS by that date. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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