3 Things to Keep in Mind When Filing Your Taxes
This tax season, there are three important things I’d like to remind you to not forget to do.
What three important things do you need to keep in mind this tax season?
First, make sure to make contributions to your Roth or traditional IRA if you’re eligible. The limits for the 2017 tax year are $6,500 if you’re 50 years old or older, and $5,000 for everyone else.
Second, taxes must be filed by Tuesday, April 17. April 15 falls on a Sunday this year, and April 16 is Emancipation Day, which is a government holiday.
Third, all of the new deductions and rules that have been put in place don’t go into effect until next year.
Remember, we’re not tax advisors, so if you’d like to know more about tax rules and regulations, we suggest you reach out to your CPA.
If you have any other questions or you’re thinking of buying or selling a home in our market, feel free to give me a call or send me an email. I’d be glad to help you.
Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person's situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.
Views expressed are those of Jeff Green and Kevin Price and are not necessarily those of Raymond James and are subject to change without notice.
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