Join us each week for a to-do and helpful tips so you’ll be ready for tax season and save money this year!
This week’s task and tip:
Write-off home office expenses: Are you a stay-at-home Mom who earns a little extra income working out of your house while the kids are at school? Spend this week putting together a spreadsheet of deductible expenses for self-employed professionals. Ask your accountant for an electronic or paper template that details everything you can write-off. This includes a portion of your cell phone, Internet and cable fees.
Check out week one’s tax to-do: Find the right accountant for your family’s needs
Check out week two’s tax to-do and tip: Create the perfect organization system
Check out week three’s tax to-do and tip: Check your tax check list
Check out week four’s tax to-do and tip: Round up your kids’ activity receipts
Check out week five’s tax to-do and tip: Sort out your family’s medical expenses
Check out week six’s tax to-do and tip: Get your kids rental receipts and tuition slips
Check out week seven’s tax to-do and tip: Request donation receipts
Check out week eight’s tax to-do and tip: Track your trades