The tax filing period is coming up and it’s time to look back over the year 2014.

With an eye toward maximizing deductions and tax credits, here are 3 tips which will help reduce your tax bill.

1.   Make charitable contributions (In Cash or non-cash)

2.   Save more money for retirement (any plan such as a 401K or an IRA is beneficial)

3.   Launch a business (something you are passionate about or don’t mind doing to help lower your tax burdens for years)