Preparing for Tax Day in 2019
We here at Wilson Toellner CPA hope everyone had a very Merry Christmas and have a Happy New Year. It feels as if 2018 went by so fast. Before you know it Tax Day in 2019 (April 15) will be here. Have you thought about how you'll prepare? If not, have no worries and no that our Mid-Missouri accounting firms are here to help. Keep reading for a few tips for preparing for Tax Day in 2019. Tips for Preparing for Tax Day in 2019 Maximize your 401K contributions in 2018. If you maximize your 401K contributions in 2018, it is possible that you will have LESS taxable income in 2019. If you can't afford to pay the maximum amount on your 401K, you should at least try to match the amount your employer is contributing if you can. Bunch your charitable donations. If you are just under the point of surpassing the standard deduction mark, you could consider making 2 years worth of donations this year so that you can itemize, if possible. Track your income. To track your inc...