Think about the impact of major life decisions on your taxes. Are you expecting? Divorcing? Buying a new house? Retiring? Major life decisions could potentially impact your federal income tax picture. If you’re planning to make a big change, ask us for advice.
Resolve to keep better records. In order to stay organized, consider a new record-keeping strategy. You might want to try a different household filing system or buy a hand-held scanner to keep receipts and other records at your fingertips.
Don’t get discouraged. So maybe tax season wasn’t a breeze this year. Maybe you owed more than you planned or you struggled to find your records. Keep in mind that was last year. Tell yourself that you’ll do better this year – and then do it.