Tax season will now arrive before anything else you must prepare all the important documents and make a review of it.

Below are the lists how to reduce your taxes:

•    Charitable Donations – Kindness can help you minimize your taxes, if you donate some valuable property of yours, you must keep all the receipts and to your returns claim this as your deductions. Keep in mind, in order to do this the charity must be reputable.
•    Your January mortgage payment before December 31 – This is also deductible if ever you make payment for your January mortgage before December 31, it will allow you to add this deductions if you are paying interest payment.
•    Using flexible spending plan – This tax free medical plan are only “Use it, or lose it”. Rolling of money from 2010 to 2011 is not applicable. That’s why before the year ends on Friday make a stock of medicines and other personal items.
•    Adding Contributions – According to some experts, this is the best way to minimize your taxable income. If ever you have extra money or funds add it as contributions to your retirement accounts.

Apparently, arrangement and being organized is the smartest way to make everything easier especially when filing your income tax returns.