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As the tax-filing deadline approaches, many people scramble to find ways to reduce their tax bill at the last minute. While there are limited options available this close to the deadline, there are still some strategies you can use to save money on your taxes.

One of the easiest ways to save money on your taxes at the last minute is to contribute to a retirement account. If you have a traditional IRA or a 401(k) plan, you can make a contribution up until the tax filing deadline and potentially reduce your taxable income for the year. This can result in savings on your taxes and help you build your retirement savings at the same time.

Another option for last-minute tax savings is to make charitable contributions. Donating to a qualified charity can result in a tax deduction, so if you have any cash or items you can donate, consider doing so before the tax deadline. Just be sure to keep careful records of your donations and get a receipt from the charity to substantiate your deduction.

If you’re a homeowner, there may be opportunities for last-minute tax savings as well. For example, if you pay your property taxes before the end of the year, you may be able to deduct them on your tax return. Additionally, if you have made energy-efficient improvements to your home, you may be eligible for a tax credit.

Finally, if you have any investments that have incurred losses, you may be able to use them to offset gains in your portfolio and reduce your tax liability. This strategy, known as tax-loss harvesting, can be a valuable tool for minimizing your tax bill at the last minute.

While these strategies may help you save money on your taxes at the last minute, it’s always best to plan ahead and consult with a tax professional to maximize your savings. By being proactive and taking advantage of tax-saving opportunities throughout the year, you can reduce your tax bill and keep more money in your pocket.