Timing Can Boost Your Tax Refund

Most people don’t like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund. Here are some tax boosting tips:

If you can, pay January’s mortgage payment before December 31 and get the added interest for your mortgage interest deduction.
Schedule health-related treatments and exams in the last quarter of the year to boost your medical expense deduction potential.
Paying property taxes by New Year’s Eve could make the difference between itemizing and taking the standard deduction, and thus, a bigger refund.
f you’re self-employed, you can pay your fourth-quarter state estimated taxes in December, rather than in January when they’re normally due, to increase your itemizing potential.

These are just a few of the tips your CPA firm in Scottsdale can review with you to help you boost your tax refund.

from our blog

Timing Can Boost Your Tax Refund

Most people don't like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund.
Timing Can Boost Your Tax Refund

Most people don't like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund.
Timing Can Boost Your Tax Refund

Most people don't like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund.