Last-Minute Tax Tips

The tax deadline is right around the corner—don’t let it sneak up on you. Whether you’re nearly done or haven’t started, here’s a few last-minute tax tips to help you recognize what you should focus on now:

1. Don’t Put It Off Any Longer

If you haven’t started your return, it’s time. Gathering documents, reviewing deductions, and making sure everything is accurate can take longer than expected. Last-minute rushes often lead to errors—or missed opportunities to save.

2. File Even If You Can’t Pay

Can’t afford your full tax bill? File your return anyway. The penalty for not filing is far worse than the penalty for not paying. You can set up a payment plan with the IRS if needed.

3. Avoid Common Mistakes

As the deadline nears, it’s easy to make simple errors. Double-check:

• Social Security numbers

• Bank routing and account numbers (for payments or refunds)

• All sources of income (especially side gigs or freelance work)

• That you’ve signed your return (if mailing it)

4. Consider an Extension—But Know the Rules

If you’re not ready, file for an extension (Form 4868). That gives you six extra months to file—but not to pay. You’ll still need to estimate your tax liability and pay what you can by the deadline to avoid penalties and interest.

5. Max Out Last-Minute Contributions

You can still make 2024 contributions to:

• A Traditional IRA (if eligible)

• A Health Savings Account (HSA)

Both may lower your taxable income and reduce your overall tax bill.

6. Small Business Owner? Get Your Books in Order

If you’re self-employed or run a small business, now’s the time to double-check your records. Make sure income and expenses are categorized correctly—and that you’re not overlooking deductions you’re entitled to.

7. When You Need More Than Last-Minute Tax Tips

Tax software is great, but if you’re behind or things feel a bit too complicated, don’t try to go it alone. A professional can save you time, reduce your stress, and help you avoid costly mistakes.

Need a hand with your taxes?

If you're feeling overwhelmed or just want to make sure your return is done right, I’m here to help. Whether you need to get caught up, file an extension, or wrap things up before the deadline, let’s talk.

Reach out today—the sooner we connect, the more options you’ll have.