Here are five major tax revisions – plus noteworthy cutoff dates – every baby boomer needs to know ASAP to avoid late fees, cash in on potential savings and prevent future tax burden headaches.

It may sound nightmarishly ominous, but bracket creep essentially refers to the potential for changes in your income to unexpectedly and unknowingly push you into a new rate on the tax tables, maybe resulting in a costly and unpleasant surprise at tax time. Read about some tax-planning strategies to avoid bracket creep, so that you can instead put your dollars to work in the ways most fulfilling to you. 

There are really only four things you can do with your hard-earned money: spend it, save it, donate it to charity, or give it to the government. Learn how to maximize what you can put into those first three buckets and minimize what you pay to the last one through careful and tax-conscious strategic planning.