I am looking for options that I can take right now to reduce my taxes. Anybody has suggestions? Highly appreciated.

Thanks

Such strategies should have been taken in 2011. There is little you can do now but use all the deductions and credits you are legally entitled to. One thing you can do, I believe, is make a contribution to a IRA before 4/15.

I explored the IRA option, but my contributions will be non deductible ( due to my personal circumstances). Thanks for reading and answering.