2015 Income Tax Tips

These are just a few 2015 income tax tips – actions to take now in preparation for filing 2014 income taxes.

  1. Contribute to retirement accounts.  You have until April 15, 2015 to fund Traditional and Roth IRA’s.
  2. Make your last estimated tax payment.  Fourth quarter, 2014 payments can be made no later than January 15th, 2015.
  3. Organize your records for April 15th Filing. Request a tax organizer from your accountant or print out a checklist.
  4. Itemize your tax deductions.
  5. Find the right tax forms.  Unless you have a very basic return you may not find all forms at the library.  You may have to go to IRS.gov and print them out or request a hard copy
  6. File and pay on time!  E-filing is best for refunds, you may get it quicker.

If you have questions or want more income tax tips specific to your situation feel free to contact me!

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