SPECIAL REPORT: URGENT — Savings for Last-Minute Filers

Last-Minute Tax Savings Guide for 2023 | 10-Most Overlooked Tax Credits and Deductions | Capital Tax Exclusions for Homeowners: What to Know Created for {EMAIL} | [Web Version]( March 8, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [Last-Minute Tax Savings Guide for 2023]( [Last-Minute Tax Savings Guide for 2023]( (Getty Images) There’s about a month and a week left until taxes are due. Luckily, there are still moves you can make before you file your taxes to impact the money you owe — for example, you have until April 15 to contribute to a Roth IRA for 2023. [Read on to learn more about possible savings](. [] Income Tax [] [10-Most Overlooked Tax Credits and Deductions]( [10-Most Overlooked Tax Credits and Deductions]( (Getty Images) Consider these often-forgotten deductions to maximize your refund or lower your tax bill when completing your forms this year. [You still have time](. [Increase your retirement income - and make it last a lifetime]( Income annuities are paying 25%-45% more than last year. By balancing guaranteed income and income-focused investments, you can increase your income, lower your risk and minimize your taxes. We can show you your increase with a complimentary Go2Income plan. [Order Your Plan]( ADVERTISEMENT [] Capitals Gains Tax [] [Capital Tax Exclusions for Homeowners: What to Know]( [Capital Tax Exclusions for Homeowners: What to Know]( (Getty Images) The Section 121 Exclusion is a tax provision that helps homeowners reduce capital gains taxes after selling their homes. If you meet specific requirements, you can exclude up to $250,000 (up to $500,000 for joint filers) of capital gains from the sale of your primary residence. However, there are eligibility tests and numerous exceptions that may apply. As a result, it's important to know the requirements before determining whether you qualify. [Here’s some information to get you started](. [] Tax Credits [] [How the EV Tax Credit Works]( [How the EV Tax Credit Works]( (Getty Images) This federal tax credit offers up to $7,500 thanks to the Inflation Reduction Act. Unfortunately, the legislation can be complicated for both buyers and manufacturers. [Kiplinger’s tax team delves in to what you need to know and more](. [] Tax Deductions [] [Seven Overlooked Tax Deductions for the Self-Employed]( Tax season is often a headache for freelancers, contractors, and people who own their own businesses. But if you’re self-employed, your tax bill may be lower than you think. There are several tax deductions you should factor in as you prepare to file. [Read More]( [5 Things You Want From Your Retirement Income Plan]( Here's what Go2Income plan holders say about their retirement income objectives: 1. Don't Run Out of Money 2. Grow Income Each Year 3. Leave a Legacy for Kids 4. Build a Reserve Fund for Unplanned Expenses 5. Increase Spendable Income by Reducing Taxes We can help you balance your objectives with a complimentary Go2Income plan. [Order Your Plan]( ADVERTISEMENT [] Your Business [] [Three Strategies for Small Business Owners to Save on Taxes]( Over 99% of companies in the United States are small businesses. If you’re one of those small business owners, there are strategies you should employ as you do your taxes this year. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Kiplinger]( [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:kiplingertoday@smartbrief.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036