10 Tax Deductions to Squeeze In Before 2012

Last-Minute Deductions for 2011

The end of the 2011 is just around the corner, but there’s still time to save on your taxes. I have compiled a list of payments you can make this December to increase your 2011 tax refund or reduce your 2011 federal, and perhaps state, income tax liability. A few things to keep in mind: You can use a bank credit card to buy deductible items in December and be able to deduct them on Schedule A. Also, the first seven items apply only if you will be itemizing deductions for 2011, so make sure you will be able to itemize before making any payments. Photo Credit: substack