Just as we set our clocks ahead for Daylight Saving Time last weekend, it’s time to spring forward with your tax preparation! Like gaining that extra hour of daylight, proactive tax planning gives you valuable time to maximize returns and minimize stress before the April 15th deadline.
Tax season presents unique opportunities to strengthen your financial position. Consider these time-sensitive moves: maximize retirement contributions to your IRA or 401(k), gather documentation for energy-efficient home improvements for potential credits, review capital gains/losses from investments, and explore business expense deductions if self-employed. Remember, each deduction and credit reclaimed is money directly back in your pocket.
Have questions about optimizing your tax strategy? Reach out for personalized guidance. And don’t forget to check out the articles below for deeper insights into this year’s tax changes and strategies. Share these resources with friends and family who might benefit from getting their tax planning on track before the deadline approaches!
Americans have the ‘tax scaries’—but good news is waiting as the average refund goes up 7.5%
If you’re thinking about selling your stocks, you might want to think twice
Your Guide to Taxes for Parents
How May Tariffs Affect the Stock Market and Your Investments?
Your Guide to Taxes for Homeowners
What to Know This Tax Season: Direct File, Venmo Rules, I Bonds
Photo by: Markus Winkler