Take advantage of some these tax breaks and you could save a lot of money. From working at home to going back to school or saving for your retirement, these all have tax benefits that also help build a better future for ourselves.

1. Work at home if the opportunity allows. It’s becoming common place for employers to allow their workers to work from home. This can be a great benefit for you and saving money on your taxes. Most of your home office expenses can be deducted, such as a portion of your mortgage, a portion of you power, water and other utility bills, the purchase of office equipment and supplies. This, however, does not allow you to go “willy-nilly”. All your deductions should be review by a tax professional before you file.
2. Retirement funding. Sock that extra money into your future. Once your 401(k) or IRA hit their limit, remove that amount from your earned income. This is a great way to save money on taxes and also prepare for your future. Hint: Try maxing your IRA by putting in $5,000 a year. This could help you alleviate your tax woes and help build your future at the same time.
3. Education. You can deduct the interest from your student loans or if you’re currently paying for tuition, you can deduct up to $4,000 of related expenses. Save money on your taxes and get an education, a great way for a bright future.