But if you're serious about improving your financial picture, now is the time for a mid-year tax strategy check-in. Carve out a day or a few afternoons to look at these four areas, then schedule a meeting with your tax advisor. Related: 5 Tips for Finding the Tax Advisor Who Will Save You Millions1. Explore available tax creditsWhile deductions reduce your taxable income, tax credits reduce your tax bill dollar-for-dollar — and in some cases, can even increase your refund. Related: Why Mid-Year Tax Reviews Are a Must for First-Time Entrepreneurs4.