Tax season - Don’t panic!
months away, if you haven’t already, now is the chance to organize
your tax documents so you avoid the last minute panic
in April. Follow these simple steps to get ready:
Find last year’s return. You will
need information from last year’s
out if you plan to hire a professional
to work on your return.
Gather dependents’ information.
While you might know your
own Social Security number by
heart, if you have dependents,
you’re going to need their information
as well. New parents or adults
who started serving as their elderly
parents’ primary caretakers over the last year will need their
kids’ and their folks’ social security numbers. If you do not
layed and you might even be denied potentially substantial
the last year investing, then you will have to pay taxes on any
interest earned. Interest earned on the majority of savings ac-
statements from your assorted accounts in one place. Doing
work with a professional, go more quickly.
Speak with your mortgage lender. Homeowners should
receive forms documenting their mortgage interest payments
for the last year, as the money paid in interest on your home
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or homes is tax deductible. If these forms are not received in
a timely manner, speak with your lender. You might even be
able to download them from your lender’s secure website.
Make a list of your charitable contributions. Charitable
contributions, no matter how small, are tax deductible. While
it’s easiest to maintain a list of all
charitable donations you make as the
year goes on, if you have not done
that, then you can make one now.
Look for receipts of all contributions,
contacting any charities you donated
to if you misplaced any receipts.
Book an appointment with your
tax preparation specialist now. As
April 15 draws closer, tax preparers’
schedules get busier and busier. The
earlier you book your appointment,
the more likely you are to get a favorable
time for that meeting.
FLORIDA WOMEN MAGAZINE 813.682.9364 FEB/MAR 2019 • 31