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.
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