Now is the time during tax season that many people procrastinate about doing their taxes.

Many are afraid to find out if they will owe the IRS again this year.

I was reading an article about tax deductions with the biggest payouts for consumers.

http://custom.yahoo.com/taxes/article-111999-01e557a6-efff-4d4c-a8d1-f14bcd802b7b-tax-deductions-with-some-of-the-biggest-payouts

What each tax payer has to keep in mind that your situation is unique to you and you only.

Many people make the mistake of comparing their return with some one's else's return.

There are many deductions that we all can take advantage of like the $5000-$6000 in a IRA account. 

You have to put money in the account for you to get the credit for it.

They also listed things like adaption credits.  If you have not adapted a child you are not eligible for the credit.

There are credits for installing wind, solar and geothermal systems into your home for 30% of what you paid for them.  Avoid confusing that credit with the home energy efficient credit for new windows, doors, and furnaces. 

There are many credit out there you must make sure you are eligible for the credits.

In order to take advantage of itemizing you have to have more than the standard deduction in order for it to help you.

The longer you are in your home your mortgage interest that you write off goes down each year.

That becomes increasing harder when you retire from working.

Depending on your income many of the deductions decrease the higher your income.

You need to ask your tax professional questions when you are getting your taxes prepared.

Doing it yourself you may not know what all you can deduct on your own.

Click on the following link for a list of items that you need to file your taxes www.daytontaxpreparation.com.

Don't rely on what your neighbor tells you ask questions for yourself.  Each situation is really unique.

Are you getting credit for all the deductions you are eligible for???

To get a copy of my new book click www.sexliesandcredit.com.

Miss Rene'