Quick Tips for Tax Season Prep

Tax season is around the corner, and a little preparation can go a long way. Here are some quick tips to get you ready:

Collect Documents:
Gather W-2s, 1099s, and any other financial statements.

Stay Informed:
Keep up with changes in tax laws that might affect your deductions.

Organize Receipts:
Sort receipts for deductions like medical expenses and charitable contributions.

Review Retirement Contributions:
Assess contributions to retirement accounts for potential tax benefits.

Explore Tax Credits:
Check for credits like Child Tax Credit or Earned Income Tax Credit that can lower your tax bill.

Plan Estimated Payments:
If self-employed, consider making estimated tax payments to avoid penalties.

Choose Filing Option:
Decide whether to file independently or seek professional help.

File Early:
Filing early reduces the risk of identity theft and ensures timely refunds.

Stay organized and tackle tax season with confidence!

Contact Sailfish Accounting & Tax today!
Sailfishaccounting@yahoo.com
(561) 702-9516

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