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Lets get to saving.
One big one is home office deductions.
Think Beyond Cash Donations
Bennett pointed out a commonly missed opportunity.
Im not just talking about cash.
So if youve taken a trip to Goodwill lately, verify to save that receipt.
Keep track of every dollar spent and earned, ensuring resources are allocated efficiently.
Look Into Advanced Strategies
Bennett highlighted some lesser-known opportunities.
Start thinking like high-net-worth individuals.
They leverage tax laws in ways most CPAs never touch.
One of the big ones is setting up trusts its not just for estate planning.
Stay Proactive Year-Round
The best strategy?
Be proactive, not reactive, Bennett said.
Dont Miss New Credits
Keep an eye on changes to theChild Tax Credit, Bennett explained.
Dont rush, she added.
Themost common mistakeshappen because people wait until the last minute.
Taking time to plan and organize can make a significant difference in your refund.
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