If you think your tax bill is chiseled in stone at the end of the year, think again. Here are 10 tax tips for the new year to help you lower your taxes, save money when preparing your tax return, and avoid tax penalties.
- Contribute to retirement accounts
- Make a last-minute estimated tax payment
- Organize your records for tax time
- Find the right tax forms
- Itemize your tax deductions
- Don’t shy away from a home office tax deduction
- Provide dependent taxpayer IDs on your tax return
- File and pay on time
- File electronically
- Decide if you need help
Get the tax help you need and special member savings with TurboTax and H&R Block.
TurboTax – File with the #1 best-selling tax software, to help you get your taxes done right, and get your maximum refund, guaranteed. PLUS, as a credit union member you can save up to $15 when you file with TurboTax.
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H&R Block – Whether you want to meet with a tax pro in-office, via drop off, or send your documents virtually, let the tax pros do the rest. H&R Block will always get your biggest possible refund, guaranteed. PLUS, as a credit union member first-time filers receive $25 off their expert tax prep, and returning customers get the Tax Identity Shield® add-on.
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