Erika Rawes, USA TODAY
(USA Today)—The end of the year is a busy time: People have the holiday season to prepare for, the New Year, and of course, tax time to consider as well. Tax season helps some households recuperate some of the money they spent during the holidays, and that refund can also help consumers catch up on bills, pay down debts, and increase their savings account balances.
To reap the benefits that can come along with tax time, however, you have to make sure you’re entitled to a refund first, which is something you can start looking into right now. If you begin working towards minimizing your tax liability early on, you can potentially increase the money in your pocket come tax time.
Here are a few things you can do right now.