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:
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100% of your bill is not due when you submit your taxes. The government allows you to set up payment plans.
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Ask yourself, why do you owe? Consider adjusting your withholdings. Here are a few reasons why 2020 was different than 2019:
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You received a raise.
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You have fewer tax credits.
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You moved to a state with a state tax.
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Are You Getting A Refund?
Here are my top tips to maximize your refund:
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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?
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Any Life Changes: Wedding, Moving, Transitioning Jobs
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Goals: Becoming Debt-Free!, Buying A Home, Going On A Dream Vacation
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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!
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The goal is to break even! Here is a FREE withholdings calculator for you to reassess.
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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.
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Tax Day is APRIL 15th. Don’t wait till the last minute!
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Ramsey Solutions has created an easy, accurate, and inexpensive way to file taxes. Check out Smart Tax here.
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Maximize every penny with these budgeting tips.
If you have any other questions, feel free to set up a free call to discuss!
