With kids still out of school and the weather beckoning you out out-of-doors and away from your desk or out of your house, these late summer days seem to beg for lazy relaxation. However -- not burst anyone's bubble -- August is also the perfect time to look back on the year and consider what events might have impacted your income tax "picture" because there's still plenty of time to make an estimated payment to the IRS or change your withholding at work.
-- Have you gotten a bonus or a raise this year, or done any freelance or contract work?
-- Is one of your children attending college in the fall, or do you have a dependent who is moving out of the house?
-- Have you inherited or won money this year, or acquired a rental property or made any other significant investments?
We're happy to help you navigate the implications of these and many, many more changes to your income tax landscape; drop us a line through the contact form on our website, by phone, or by email. Additionally, this IRS page includes a number of helpful links that you might find useful for researching these tax topics and more. Remember, taking inventory of these items can help you avoid an unpleasant surprise in the spring!