Last-minute Tax Tips

Tax Tips for 2024

1. Make sure to gather all necessary documents and receipts before filing your taxes to ensure accuracy.

2. Maximize your deductions by claiming all applicable expenses, such as charitable donations, medical expenses, and educational expenses.

3. Consider contributing to a retirement account, such as an IRA or 401(k), to reduce your taxable income.

4. If you are self-employed, take advantage of business expenses to reduce your taxable income and lower your overall tax liability.

5. Consider hiring a tax professional to help you navigate any complex tax situations or to maximize your potential deductions.

6. File your taxes electronically to receive any refunds more quickly and to minimize the risk of errors on your return.

7. Review your tax withholding throughout the year to avoid owing a large sum come tax time and to ensure you are not overpaying in taxes.