Cut Your Taxes Now!


This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.



I was on The Early Show yesterday discussing year-end tax tips. I love these segments because they usually lead to found money, which is always a good thing around the holidays.

Click here to view the video segment.

In addition to the four mentioned (deducting job-hunting expenses, medical expenses, claiming energy efficiency tax credits and selling losers), check out all these ways to lower your taxes.

One of The Early Show producers loves this last tidbit: The American Recovery and Reinvestment Act of 2009 (ARRA) added computer technology to the list of college expenses (tuition, books, etc.) that can be paid for by a 529 plan. For 2009 and 2010, the law expands the definition of qualified higher education expenses to include expenses for computer technology and equipment or Internet access and related services to be used by the designated beneficiary of the 529 plan while enrolled at an eligible educational institution.

More on MoneyWatch:
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Cut Your Taxes: 10 Moves to Make Now
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(CBS)
Jill Schlesinger is the Editor-at-Large for CBS MoneyWatch.com. Prior to the launch of MoneyWatch, she was the Chief Investment Officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.
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    Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.