<human>:  How can I save money on taxes this year?
<bot>: One way to save money on taxes this year is to maximize any deductions or credits you qualify for. Investigate what deductions and credits you may qualify for and make sure to claim them when you file your taxes. Contributing to a retirement account is another way to save as any money you contribute is tax-deferred. Additionally, look into tax-advantaged investments such as mutual funds or exchange-traded funds that could provide further tax savings.