Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2008 and the years ahead, according to the Internal Revenue Service.
The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to Individual Retirement Arrangements (IRAs) and to 401(k) plans and similar workplace retirement [...]

The tax savings you reap in 2009 will depend on any additional tax cutting measures that you can take before the end of 2008, advises Liberty Tax Service. Take the time to review and organize your tax records and identify more deductions that you can take on your 2008 return. Plan ahead for changes that [...]

NEW YORK — Heading into the holidays, you’re probably thinking a lot about money. And this time of year tax advisers like to remind us that there are ways to minimize our tax bills next April.
As 2008 draws to a close, here are some steps you can take to minimize your taxes.
Get organized: The first [...]

There may be time to cut your income tax bill and either owe less or get a larger refund next year. Let’s start with the most obvious: investments that have lost money.
The IRS allows you to take a loss from the sale of losing investments for up to $3,000 against all other income. You can [...]

The down economy and credit crunch have caused many businesses to look for strategies that reduce expenses and raise cash. Grant Thornton LLP offers some tax tips for surviving the tough economy and credit crunch.
“Managing your tax burdens is one area where appropriate planning and action can put much-needed cash back in your pocket,” said [...]