Peter Morales Tax Service
Tax Tips and Changes
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Tax Tips and Changes
Tax and Financial Websites
Tax Due Dates
Organizing your Tax Information

Steps to improve tax preparation

Tax Changes
 
1. Contribute to retirement accounts
2. Organize your records
3. Summarize itemized deductions
4. Summarize self employed deductions
5. Consider a home office deduction if self employed
6. File and pay on time
7. File electronically
 

Steps to Improve Tax Deductions
1. Increased Retirement contribution Levels
2. Higher Income Levels for Deductible IRA's
3. Increased College Tuition Deduction
4. Increased Section 179 Expense Deduction
5. New Sales Tax Deduction