Slash your tax bill

New rules and a new President have changed the tax game. Use these strategies to save on your 2008 bill - and reap even bigger savings in the years to come.

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8. 2009 and beyond: Maximize tax breaks

<b>2009 and beyond:</b> Maximize tax breaks

Last year, Congress re-upped some popular tax credits that expired or were set to expire. Want a greener home? Installing new insulation or buying eco-friendly appliances will get you up to a $500 credit. Invest in bigger items like solar panels and efficient heating pumps, and you get as much as $2,000 back from Uncle Sam. Some hybrid vehicles purchased in 2009 also qualify for a credit (check irs.gov for the manufacturers). And remember, the state sales tax deduction and college tuition deduction were extended through 2009. So start saving your receipts.

NEXT: 2009 and beyond: Stay vigilant

Last updated March 02 2009: 9:16 AM ET

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