Review your tax deductions for 2013 while there's still time
to manage them for a lower tax bill this year. The standard deduction for 2013
is $12,200 for married couples filing a joint return and $6,100 for single
taxpayers. If your deductions are close to the threshold, consider accelerating
deductible expenses. For example, you can add sales tax paid on a new vehicle
to the IRS standard amount when claiming the itemized deduction for state and
local sales tax.
