Don't overlook these 3 tax moves that could save you thousands, experts say

With the April 15 tax deadline less than two weeks away, you may be feeling the itch to get your return done and filed as quickly as possible. And these days, there are plenty of online filing services that can help you get it done with just a few clicks.

One notable exception: You have until the tax deadline to make prior-year contributions to tax-advantaged retirement and savings plans, including traditional IRAs, SEP IRAs and health savings accounts. Doing so lets you kill two birds with one stone, says Mark Jaeger, vice president of tax operations at TaxAct."You can spend some money to save money when it comes to your taxes," he says."You can contribute to your retirement and also get the added benefit of reducing your tax bill."Chances are, whichever tax software you use will ask a series of questions to see if you qualify for certain popular deductions.

For tax year 2023, individual filers with an AGI of $36,000 or less can claim the credit, which, depending on your income, is worth 10%, 20% or 50% of the value of your annual contribution. If you're not sure what you spent on health care in 2023, ask for statements from your care providers and pharmacies."Fortunately, most of them can provide you a year-end statement," de Haan says.If you have a side hustle or small business, you likely know that there are plenty of tax deductions available, including the cost of supplies, square footage of a dedicated home office space and mileage accrued on your work vehicle.

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