Tips to Prepare for Next Year's Taxes

It's tax time again. Some of us will look with great anticipation for a nice refund, while others put filing until the last minute because simply it's going to come down to an amount due. But regardless of what this tax year has brought to each of us, we all have one commonality: we all can (and should) try to plan better for next year's tax season. Though this year may already be a done deal, next year is still anybody's ball game. Here are some things to consider when planning your personal finances and taxes for next year:

  • Should I change my allowances? Perhaps this year you had to pay taxes on April 15th. If so, you may have claimed too many allowances on your W-4 form at work. There are a certain amount of allowances that you're entitled to take