Planned Giving/Tax Tip
For January 2018
Tax changes are coming in 2018. But most people are not done with their 2017 returns, due April 17, 2018. You can start now to make things easier for you at tax time.
Watch your mail and inbox and make sure not to miss any tax documents sent you by third parties. Make a list of documents you needs to complete your return, such as W-2s, 1099s, mortgage interest statements, ACA documentation and the like. Gather up your financial records, receipts or other tax information accumulated during the year so they are together. Be sure to have documentation for any sales of stocks, bonds or other assets during the year, including your purchase price or other tax basis.
If any documentation is missing try to get copies now, don't wait until your return is due. Starting your homework now may help make things less stressful when preparing your return later.