Last Minute Tax Saving Tips

Last Minute Tax Saving Tips

Wednesday, April 14, 2010

Tomorrow’s the big day, Miami Beach residents.  If you’ve been stuck inside your Miami Beach homes procrastinating from doing your taxes for the last three months, the official deadline is tomorrow the 15th.  Before you go about taking care of the matter, you may want to use some tips that might save you time, money, and of course energy and the environment.

If you have a fairly basic tax return and are still going to a traditional tax preparation office to get them done, consider doing them online instead.  Besides cutting down on paper you can receive a refund much quicker by filing electronically, allowing you to use that money towards your Miami Beach homes mortgage, bills or something else entirely.

Is there a new plug-in electric vehicle parked in the driveway of your Miami Beach homes?  First of all, congratulations on choosing to dramatically reduce carbon emissions and fuel dependence.  Mention that new vehicle purchase on your taxes and you could see a sizable deduction of anywhere between $2,500 to a whopping $7,000+ depending on how large the battery is.

Finally, if you’ve invested in new insulation for your Miami Beach homes, you can also jot that down as and you’ll get tax credits of up to $1,500 for reducing your reliance on having to turn on those energy sucking A/C units.

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