Worry Less About Tax Season

Worry Less About Tax Season

Get More Bang For Your Buck With These Tips

Do You Owe On Taxes?

Here are my top tips to alleviate some of your stress:

• 100% of your bill is not due when you submit your taxes. The government allows you to set up payment plans.

• Ask yourself, why do you owe? Consider adjusting your withholdings. Here are a few reasons why 2020 was different than 2019:

  • You received a raise.

  • You have fewer tax credits.

  • You moved to a state with a state tax.

Are You Getting A Refund?

Here are my top tips to maximize your refund:

• Plan ahead! If you aren’t prepared, this money will be gone in a blink of an eye. Do you have any events coming up this year?

  • Any Life Changes: Wedding, Moving, Transitioning Jobs

  • Goals: Becoming Debt-Free!, Buying A Home, Going On A Dream Vacation

• Ask yourself, why am I getting a refund? Do you need to consider adjusting your withholdings? Think about it, it is like you are giving the government a FREE loan! Instead, that money could go into your bank account every month. Who wouldn’t like an extra $150?

Tips Everyone Needs To Know!

• The goal is to break even! Here is a FREE withholdings calculator for you to reassess.

• Filing is IMPORTANT! Don’t let this haunt you. Also, if you owe the IRS, you will not be eligible for any future stimulus checks.

• Tax Day is APRIL 15th. Don’t wait till the last minute!

• Ramsey Solutions has created an easy, accurate, and inexpensive way to file taxes. Check out Smart Tax here.

• Maximize every penny with these budgeting tips.

If you have any other questions, feel free to set up a free call to discuss!