Protect Your Income With These Useful Tax Strategies
10 Year-End Tax Strategies Protect Your Income With These Useful Tax Strategies There are a number of strategies that may protect your income if you take action before December 31. In addition, by addressing these year-end tax strategies now, you will be one step closer to a long-term strategy that may benefit you in 2015. Get Organized The first step towards putting your tax strategies in place is to organize. Begin putting together your 2014 information now. You’ll want to be sure that you have relevant receipts, cancelled checks, income information, contribution acknowledgement letters, investment income forms, settlement statements from the sale or purchase of your home, etc. There are several great tax preparation checklists available online. Be Aware Of Healthcare Costs Due to the Affordable Care Act, most Americans are now required to have health insurance. If you weren’t covered, you will owe an “individual responsibility payment” of the gre