#GetTaxSavvy

[bluespringsincometaxpreparation]

Here are some ways to stay ahead of your tax bill come filing time: 1. Most income is taxable including unemployment income, refund interest, income from the gig economy, and virtual currencies. Keep a running tab of all income this year, and keep a separate category for income you haven't yet paid taxes on. 2. Use the IRS withholding calculator to figure the right amount of tax to have withheld from any wages that are not paid by an employer (contract work, etc.) 3. Make quarterly payments of your estimated tax if you get a lot of your income from non-wage sources like self-employment, investments, taxable Social Security benefits, and some pension and annuity income. 4. Don’t bank on getting your federal refund by a certain date. The IRS has had a lot of delays recently processing returns and getting taxpayers their money. BONUS TIP: Use a smart professional who can help get you set up and put systems in place for checking these off. We're a DM away. AND... if you still need to do these things and have unpaid taxes you need to tackle, let's talk about that too.