Tax Season Is Coming—Here’s How to Get Ahead
Whether you’re a W-2 employee, a retiree, a side hustler, or a small business owner, tax season affects everyone. The good news? You don’t have to wait until April to get organized—and you don’t have to do it alone.
Here are five smart steps to take now:
📁 1. Gather Your Documents
Start collecting your income statements (W-2s, 1099s, Social Security, investment income) and receipts for deductible expenses. If you had major life changes—like buying a home, starting a business, or having a child—make sure those records are handy too.
💳 2. Review Your Withholding
If you got a big refund or owed more than expected last year, it may be time to adjust your W-4. A quick review now can save you from surprises later.
🧾 3. Track Deductions and Credits
Common deductions include mortgage interest, student loan interest, charitable donations, and medical expenses. Don’t forget credits like the Child Tax Credit or Education Credit—they can make a big difference.
📅 4. Plan for Major Changes
Did you start a side hustle, retire, or take on freelance work? Your tax situation may have shifted. Planning now helps you avoid penalties and optimize your return.
🤝 5. Talk to a Professional
Tax software can’t replace personalized advice. At Red Letter Accounting, we offer free 30-minute consultations to help you understand your tax position, prepare early, and make smart decisions.
Tax time doesn’t have to be stressful.
Reach out today to schedule your free consultation. We’ll help you stay organized, avoid overpaying, and file with confidence.
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