Recently, Indiana officials revised estimated state revenue forecasts downward nearly $1.1 billion, from previous estimates just a month ago. If a state won't cut its spending to match revenue shortfalls, where will it get the needed money? From new and increased fees and taxes. Higher tax rates are coming.

The time is now to strategically plan to stop wasting money on taxes you are not required to pay and stop overpaying your taxes by taking advantage of every potential tax incentive. Most changes need to be in place by December 31 to reduce your current year taxes, and sooner implementation results in greater savings, so act now!