Suze Orman: Using Tax Breaks

Tax Breaks: How to Use Them

By Suze Orman
O, The Oprah Magazine | From the December 2001 issue of O, The Oprah Magazine

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What does the new Economic Growth and Tax Relief Reconciliation Act of 2001 mean for you? Well, some changes now, several to be phased in later, and one very big question mark in 2010 when the act expires.

This list will help you plan for the next few tax seasons, but since the act can be repealed at any time and will disappear in nine years, the best advice I can give is to take advantage of these measures as soon as they are introduced.

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Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.