Last year, taxpayers stood helplessly at the edge of a fiscal cliff waiting for Congress to act on the budget. This year, the earlier resolution of the debt stalemate gives individuals time to plan. But don’t delay. "You can't just stick your head in sand. There are so many changes in the law, you need to understand the potential tax implications,” says Gary DuBoff, managing director of CBIZ MHM LLC.
Bad: Itemizing your hair.