March 13, 2014
At the Jackson Hewitt tax office in Waynesboro Monday, the office was empty. Aren't people scrambling to get their year-end papers in order? According to Jim Landes of Jackson Hewitt, "no."
"People don't think about taxes until they get their W2's," said Landes.
That's not until next year. And that could be a mistake. So Landes gave us the three top tips for the average taxpayer.
First, if you itemize on your returns and have monetary or material donations for charity, do it now. Get them in before Dec. 31, and you have an instant tax deduction.
Another tip to save money is IRA's. Put money into a standard IRA, and you won't be taxed - you'll claim a lower income on your return.
Finally, if you have children, you can get a break. Last year, you could claim six hundred dollars per child. Now, it's up to a thousand. And even if you got a $400 child tax credit check this past summer, you're still eligible for $600 in breaks.