Being alert to the changes that come at various life stages is key to holding down your tax bill. Use these deductions to save at tax time.

If you become self-employed after you leave your job, you can deduct the premiums you pay for Medicare Part B and Part D, plus the cost of medigap policies or the cost of a Medicare Advantage plan.

If you’re married and your spouse is still working, he or she can contribute up to $ 6,500 a year to an IRA that you own.

If the estate tax might be in your future, take advantage of the annual gift-tax exclusion to give up to $ 14,000 annually to any number of people.

The extra money will make it more likely you’ll take the standard deduction rather than itemizing. If you do, the additional amount will save you almost $ 400 if you’re in the 25% bracket.

Check out even more overlooked tax breaks for retirees .

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