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If you are still doing your taxes once a year, you are losing out on a valuable opportunity to reduce your burden. A smart approach is to do a test run mid-year so that you can take advantage of strategies while there is time for them to make an impact before you submit your actual return. Here are some possible tax-saving ideas that are worth knowing more about, should they apply to you.

If you are a first time homebuyer this year, you will definitely want to look into the tax break that is  

With the down market in 2008, you might have sold off some of your losses. Did you know:

1. You can offset your losses against any capital gains dollar for dollar. In addition, you can write off $3000