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LAST DAY OF THE TAX YEAR

December 31, 2006

It's a bit much to expect to do a year's worth of tax planning in one day, but you can still do a few things, if you really try.

The easiest deduction you can get today is to give a charitable contribution by credit card. We have some ideas here.

If you can get a check for a deductible expense issued and postmarked today, that will also work. For most folks, the most likely deduction would be for a state estimated tax payment. There's no mail today, so if you need something done today that needs postmarking today, you have a challenge on your hands. Some main post offices will postmark today, but you probably won't be able to get a certified mail receipt.

If you really need something shipped today, your best bet might be a UPS Store or Fed-ex office, if you can find one open. The IRS recognizes certain shipping services waybills as postmarks. Details here.

Finally, don't forget to cast your vote for Taxpayer of the Year. The voting will be held open until Tuesday sometime.

 • 2006 year-end tax planning       Bookmark: del.icio.us • Digg • reddit