While it's prudent to engage in tax planning throughout the year, here are some tips, tools, and advice to guide you through last-minute filing.
Credits and Exemptions Taxpayers can deduct more for each exemption this year. The amount has increased from $3,200 to $3,300 per exemption. If your adjusted gross income is above a certain level ($150,500 for single fliers and $225,750 for married persons filing jointly), the amount may be lower.
If you purchased an alternative motor vehicle such as a hybrid car last year, you may be eligible for a tax credit. The credit amount depends on the type of car you bought and the date you purchased it, says James Lange, …

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