Mid-Year Tax Tip - Keep an Eye on Tax-Saving Strategies

Common activities such as purchasing a new car or making home improvements may lead to tax benefits. For example, the Energy Tax Act offers tax incentives for energy-efficient car purchases or home repairs. If you need to replace a hot water heater, install a new a/c unit, re-insulate your home or put in new windows, making a “green” purchase can help you save on your taxes. Be sure to save all of your receipts for tax time!