Happy Returns! … How to Use Your Tax Refund Wisely.

Happy Returns! … How to Use Your Tax Refund Wisely.

For most taxpayers, the light at the end of the tax season tunnel is the hope of a refund. Many of us view a tax refund as ‘bonus’ cash; however, it really should be utilized just as any of your other income would be and managed purposefully. So if you’re anticipating a tax refund this year, make sure you have a plan for your money. Prior to receiving any tax refund, think about your personal financial situation to determine what your needs are. The following 10 ideas can help you prioritize your financial picture and plan how to use your refund wisely. read...
Year End Tax Planning for Individuals

Year End Tax Planning for Individuals

Filing income taxes can be a stressful experience for anyone. However, the more steps you take to plan ahead for taxes, the better off you’ll be. As the year draws to an end, it would be a wise choice for you to begin a tax planning strategy for filing taxes next spring. If you wait too long to formulate your tax filing strategy, you may end up missing out on valuable assistance from professional tax planners. Here are some important year-end tax planning tips for your household income taxes: 1. Keep old returns handy. When you pull out old tax returns, it gives you the opportunity to find ways to save money on your upcoming return. Go over your past couple of years in tax returns so you can compare income and deductions of the past to your current income and deductions.

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