It’s just about that time of year, yes indeed April 15th (Tax Day) is almost here. Not many people look forward to Tax Day, and I can’t blame them, but there are many tips and opportunities available right now that make filing your taxes and the amount you may owe (or receive), much more satisfactory.

The positive of the slumping economy over the last couple of years is that it will actually help you during tax time. The government has added all kinds of deductions and tax credits that will go a long ways toward making your amount owed much smaller, or hopefully the amount received bigger. Tax credits for 2009 are much more abundant than most years. What are the most popular tax credits in 2009? The Making Work Pay tax credit, which most who receive a normal pay check are eligible to receive, helps most families receive a $400-$800 tax credit. The first-time home buyer tax credit is sitting at a hefty level of $8,000, so if you qualify, that will help a whole lot! Also, both tax credits and tax deductions have become the norm for products that serve to use less energy. Many things apply, such as most heating/AC units, as well as automobiles, windows, doors, etc.

Remember to continue to take advantage of an IRA to defer taxes or build up a nice retirement nest egg, which can be taken out without taxes. If you have been receiving unemployment compensation, remember that you will qualify for a one-time benefit in 2009 of tax free compensation up to $2,400.

This may sound silly, but please remember to sign your tax forms before you mail them in. You’d be shocked at how many people forget to do this. Also, don’t forget to mail your taxes out by the tax deadline of April 15th. Take advantage of the write-offs and credits available to make this tax season a little less painful.