Financial Fall Cleaning – Organizing Documents for Next Year

Tax season will be here before you know it! Here are a few tips to avoid tax-time stress:

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🗂 Stay Organized: Use an expense tracking app or spreadsheet to record and categorize expenses. Set up a filing system for financial documents and calendar reminders to avoid missing due dates.

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💸 Plan Deductible Purchases: Consider moving forward with deductible items before year’s end, such as education expenses, home office costs, or medical expenses.

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💰 Maximize Retirement Contributions: Contribute to your 401(k) or IRA accounts to reduce your tax burden. 2024 limits are $23,000 for a 401(k) and $7,000 for an IRA, with extra contributions allowed for those 50 or older.

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💰 Maximize Retirement Contributions: Contribute to your 401(k) or IRA accounts to reduce your tax burden. 2024 limits are $23,000 for a 401(k) and $7,000 for an IRA, with extra contributions allowed for those 50 or older.

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Start your fall tax planning now to get organized and maximize your deductions and credits. Need help? Feel free to reach out to our team. We’re here to assist with all your tax-related needs!