If you're one of the millions of Americans who have not yet prepared their 2006 return, don't panic. There's still time. But in your rush, make sure you take advantage of every deduction and steer clear of common tax mistakes.
Have you heard about the phone tax refund? If you had long-distance telephone service during the past three years, you're eligible for a $30 to $60 refund on your federal tax bill. Why not use those refunds for good and donate your mini-windfall to charity?
Don't forget that your mortgage interest, real estate taxes, and the points you paid on any mortgage you took out last year are all deductible. Check out all of the homeowner tax tips in this article from Quicken Loans.
Put some of your refund cash towards your retirement. Fidelity offers myPlan. Five questions, two minutes to get started.
Guide to FAFSA, the student aid form. Your tax filing has a bearing on your child's eligiblity for college financial aid. And the FAFSA application is due along with your taxes on April 17.
Watch for tax refund scams online. Have you received that email that says the IRS is ready to send you a refund check but needs your Social Security number first? Don't bite, says Jeff Wilbur, vice president of ICONIX.
