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Don't wait until the last minute to save big on your 2008 taxes. Here's what to watch out for.

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This story appears in the April 2008 issue of Entrepreneur. Subscribe »

If you just filed your 2007 tax return and are still smarting over lost opportunities to reduce your debt to Uncle Sam, it's time to think positive. You can change the picture for 2008 if you incorporate tax planning into your overall forecasting and strategy for the year rather than relying solely on last-minute December moves. Here are a few ideas to start saving now:

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