As 2015 draws to a close, organize yourself to be better prepared for April.

A little bit of tax planning can equal a lot of savings, so be sure to get your tax estimate started as quickly as possible using these tips.

1. Use a tax calculator

Start estimating your taxes now to assess how you can maximize the rest of your year. Click here for a tax calculator from eFile.com that will help you estimate your taxes and tax refund.

2. Get a flexible spending account

A spending account is different than a savings account, in that your funds will disappear if you do not use them. Some employers’ programs offer a 2.5 month grace period after the end of the year. However, if yours does not, don’t let your funds go to waste, go to your doctor for a check-up, get new glasses or contacts. Some accounts even allow you to purchase certain prescriptions!

3. Deduct points for refinancing

If you have subsequently refinanced your home, meaning you have refinanced the mortgage used to purchase the home, then your points from the first mortgage are completely deductible (1 percent of of the total loan amount equals one point).

4. Contribute to an education savings account

There are many different education savings account options available, and you can contribute up to $2,000 per child! You cannot deduct education savings account from your federal taxes, but in some states you can deduct at least some of the amount from your state taxes. Click here to see if your state qualifies.

5. Contribute to charity

As long as you donate enough to put yourself over the standard amount, contributing to charity can be a great way to save on your taxes as well as give back to those less fortunate. In order to qualify for tax-deductions, make sure the organization you are donating to is a qualified charity. For all charitable donations of cash (or goods valued at over $250) you must have a bank record or written communication with the charity in regards to the specific donation in order for it to qualify.

6. Claim misc. tax deductions

Even claiming the standard deduction can allow you to take advantage of adjustments to gross income and such. Oftentimes, deductions that are easily overlooked can include moving expenses, student tax breaks, purchase of an electric car or double IRA contributions. In addition to these, any investments of yours that have generated deducible losses can be used to offset any gains.

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For real estate inquiries, stop by the beautiful Montrêux Welcome Center at 16475 Bordeaux Dr. in Reno, NV or call us at 775.849.9444. The Welcome Center is open 7 days a week, from 9:00 am – 5:00 pm.