Income tax questions answered by WalletPop experts

Lan N. Nguyen
Updated
Income tax tips from the experts
Income tax tips from the experts

Tax refunds are up nearly 10%, say White House officials. That means the average refund is $3,036, up $266 from last year, thanks in part to tax benefits from the American Recovery and Reinvestment Act. So make sure you're making the most of those credits, including the Making Work Pay and first-time home-buyer ones. Our WalletPop experts are here to answer your questions about lowering taxes, trustee fraud and taxes on a 401(k).

Question:
I just did my 2009 taxes, and I owe the Feds $10,000. I am a W-2 employee (making over $150,000) with maxed-out 401(k) contributions, IRAs, charity contributions and two mortgages to write off. What can I do this year to lower my AGI and tax bill for 2010?
--Mindy

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