As the end of the year approaches it's the right time to find ways to lower your tax bill. Here are some of the most popular tips from advisors and the Internal Revenue Service.
1. Defer income: if you're owed money in 2015 and you expect to make less the following year, see if you can delay that payment a couple of weeks and not owe the tax until 2017.
2. Make charitable contributions: If you're considering donating to charity do it soon and use it as a deduction on 2015 taxes.
3. Pay yourself first: contributions to retirement accounts are another way to defer your taxes on income and also good financial planning.
And make sure you check your address with the IRS. Each year tens of thousands of refunds are returned to the government as undeliverable. You don't want to miss yours!