10 Year-End 2014 IRS Tax Moves to Make Now -

April 15 is the target date for taxes, but to ensure that you pay the Internal Revenue Service the least possible amount on that date, you need to make some tax moves before the tax year ends. Congress is not making that easy. Once again, U.S. representatives and senators have delayed action on tax extenders, more than 50 business and individual tax breaks that expired on Dec. 31, 2013. Lawmakers are expected to consider, or extend (hence the laws’ collective name) after the Nov. 4 election. The bad news is that there is no guarantee that all the extenders — including popular things such as the higher education tuition and fees deduction, and itemized claims for state and local sales taxes and private mortgage insurance payments — will be renewed. The good news is that there still are some tax breaks on the books that you can use to your advantage before the end of 2014. Some tax moves will take a little planning. Others are very easy to accomplish. But all are worth checking out to see if they can reduce your tax bill. Following are 10 year-end tax moves to make before New Year’s Day.

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