Week 10's tax tip: Stay informed of tax changes

Join us each week for a to-do and helpful tips so you'll be ready for tax season and save money this year!

This week's task and tip:

Stay informed of tax changes: The tax deadline is fast approaching! Don’t forget to take advantage of any new credits, deductions or benefits before filing your return in a few weeks. Starting in 2011, for example, parents can claim up to $500 per year in cultural expenses for each of their kids. This includes art classes and music lessons for your budding Mozart-in-the-making.

Previously:

Check out week one's tax to-do: Find the right accountant for your family's needs
Check out week two's tax to-do and tip: Create the perfect organization system
Check out week three's tax to-do and tip: Check your tax check list
Check out week four's tax to-do and tip: Round up your kids' activity receipts
Check out week five's tax to-do and tip: Sort out your family's medical expenses
Check out week six's tax to-do and tip: Get your kids rental receipts and tuition slips
Check out week seven's tax to-do and tip: Request donation receipts
Check out week eight's tax to-do and tip: Track your trades
Check out week nine's tax to-do and tip: Write-off home office expenses