How Can You Lower Your Tax Bill?

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It's just about the time of year everyone dreads: tax time! Are you prepared? If not, I've put together a list of things to think about before March 1 rolls around.

1. Plan for retirement. Did you contribute to an IRA? If you're eligible, make sure you get that taken care of before April 15.
2. Organize your taxes. Get your records, expenses, and last year's tax return in together and give them to your accountant.
3. Keep an eye on Washington. Congress can implement different laws that can greatly affect you when filing your taxes.
4. Itemize your expenses. You can take the standard deduction, but if you own a home or have un-reimbursed employment expenses, you have multiple items you can deduct to lower your tax bill.

If you have any questions, seek out a qualified tax accountant. I can help you pay the lowest amount possible on your taxes, and help take some of the stress out of the process.

 

Thanks, and I look forward to hearing from you soon!

Source: https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Planning-and-Checklists/Tax-Tips-After-January-1--2015/INF12070.html

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