Tax Prep: Maximize Your Return
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tax season is here, and with the right preparation, you can simplify your return process. Start by using an online tax checklist or organizer to gather all necessary documents. Consider itemizing deductions or taking the standard amount, with seniors now eligible for additional deductions. Key itemized deductions include state and local taxes, mortgage interest, and medical costs. Dont forget to download investment forms and make IRA or health savings account contributions before filing. Stay ahead by maxing out your IRA with monthly auto-deposits.
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