ideal-LIVING
Retirement Blog

Tips and Tricks for Filing Your Taxes

Tax formWhen you’re getting ready to do your taxes, ask yourself this: do I want to do it myself or do I need the help of a tax professional? There are good reasons for doing it yourself, including spending less money upfront. But a tax professional will save you time and may be able to maximize your deductions, ending up being more cost effective in the long run. If you want to itemize your taxes or run a small business, it may be better to go with a professional.

Whether you decide to do your taxes yourself or go to a professional, you’ll need to get organized first. Make sure you have all your forms (W-2s and 1099s) and start making a list of any payments that might be deductible (such as moving costs) if you haven’t already.

When you get ready to file, consider any changes of filing status or added exemptions that may necessitate filing differently than you did last year. Make sure you’re not leaving anything behind. Double-check—or even triple-check—the numbers on your return, particularly if you’re doing it yourself, to make sure that you’ve gotten your maximum return and taken all the right steps.

Remember: the IRS imposes a penalty on taxpayers who file late, so file on time or, if you can’t, get an extension. The final postmark dates for all returns is April 15th. Also, be aware that, if you file online, a return is not considered “filed” until the IRS acknowledges acceptance of the electronic portion of the return.

If you’re getting a return, consider using direct deposit to get the return back as soon as possible; it can take as few as ten days, but on average twenty-one days to get it back. If you need to get your refund quickly, consider filing early also, as refund anticipation loans can be costly. Direct deposit and filing early both help you get your refund in a timely manner.

File tax returnFinally, once you’ve filed, get ahead and start planning for next year’s tax season. If you’re going to a tax professional, they should offer you tips for the upcoming year, based on any life events that you anticipate, such as a change of job, big move, or marriage. In addition, a good tax software package (if you’re filing on your own) can also help you plan for the next tax year. If you got a large return this year, see if tweaking the numbers on your W-4 can help you save money throughout the next year. If you owed a lot this year, you should also consider adjusting your payments throughout the year so that one big payment doesn’t take you and your budget by surprise. If you need to pay, but find that you can’t pay everything upfront, you can make arrangements to pay over a period of time.

Best of luck to you during tax season!


Request Information from These Tax-Friendly Communities

Champion Hills

Champion Hills

Hendersonville, North Carolina

At Champion HIlls you'll enjoy life in perfect balance. Our golf and tennis community and country club, situated in the mountains of Western North Carolina with breathtaking views of the surrounding Blue Ridge Mountains, is secluded, but not isolated-casual yet elegant-relaxed, but with easy access to the unlimited activities and entertainment of Asheville and Hendersonville.
Read More...

NC


K. Hovnanian's  Four Seasons at Parkland

K. Hovnanian's Four Seasons at Parkland

Parkland, Florida

K. Hovnanian's ® Four Seasons at Los Banos is an intimate gated community for those 55 and better. Homeowners here enjoy a private clubhouse with a billiards room, fitness center, library, pool, tennis courts and more! Clubs and activities provide something to do for every taste. And with just under 100 homesites, residents here enjoy knowing their neighbors and creating a true sense of community.
Read More...

FL


Amelia National Golf & Country Club - Florida Gated Golf Communities

Amelia National Golf & Country Club - Florida Gated Golf Communities

Fernandina Beach, Florida

Tom Fazio golf and country club affords golfing, tennis, resort-style swimming pool, snack-bar, lounge and fine dining, gym, walking trails and 24-hour manned and gated guardhouse. Three miles from Amelia Island, close to beaches, historic-district and marina.
Read More...

FL


Savannah Lakes Village

Savannah Lakes Village

McCormick, South Carolina

Savannah Lakes Village is on the 71,000-acre freshwater Lake Thurmond in McCormick, South Carolina with 1,200 miles of shoreline. The community boasts two championship lakefront golf courses with restaurants and pro shops..
Read More...

SC


Lamplighter Village

Lamplighter Village

Melbourne, Florida

Lamplighter Village is Melbourne's premier 55+ Resort Style community for active adults. With engaging amenities, lush landscape, natural lakes and large manufactured homes, you'll have numerous ways to stay fit and build new friendships. This community is located just a 20 minute drive from Historic Melbourne, considered by many as the preferred destination for shopping, dining and entertainment. Fans of the U.S. Space Program also know the area as the Space Coast serving as home to many who worked on the Mercury, Gemini, Apollo and Space Shuttle programs.
Read More...

FL


Vista at Bill's Mountain - North Carolina Gated Community

Vista at Bill's Mountain - North Carolina Gated Community

Lake Lure, North Carolina

Perfectly shaped since the beginning of time, Bill's Mountain is your chance to experience the picturesque town of Lake Lure. Every contour...every pristine ridge of this Lake Lure property offers incomparable views Western North Carolina. Set just five minutes from Lake Lure's crystal blue waters in Rutherford County, Bill's Mountain's 800 spectacular acres invites you to reconnect with family and friends, nature and the spirit within you.
Read More...

NC


Hilton Head Lakes — Retire to the Lowcountry

Hilton Head Lakes — Retire to the Lowcountry

Hardeeville, South Carolina

Whether you?re looking to relocate permanently for that well-deserved retirement or a weekend retreat, you can find your dreams fulfilled at Hilton Head Lakes.
Read More...

SC


Nature Walk at Seven Hills

Nature Walk at Seven Hills

Dallas, Georgia

Enjoy this master planned community by Artisan Built Communities known for amenities that embrace Nature and are designed for Active Adults. Located near Marietta GA in beautiful Dallas, GA.
Read More...

GA


Eastman Community Association

Eastman Community Association

Grantham, New Hampshire

This 3,600 acre lakeside community is tucked in the Upper Connecticut River Valley in the Dartmouth-Lake Sunapee Region. Two hours north of Boston and minutes from Lake Sunapee, New London, Lebanon and Hanover, residents have easy access to medical facilities, employment, educational opportunities and a multitude of cultural venues.
Read More...

NH


The Bluffs on the Cape Fear

The Bluffs on the Cape Fear

Leland, North Carolina

This waterfront community is renowned for its stunning Bluffs overlooking the Cape Fear River and offer entertainment options for every member of the family. Welcome to The Bluffs on the Cape Fear, where privacy and tranquility are joined in a setting of transcendent natural beauty. Here you'll discover the best of both worlds - a private preserve in the midst of nature, but an easy drive from everything Wilmington and the Coastal Carolinas have to offer.
Read More...

NC


Tidewater by Del Webb

SIMCA Developments | The Best of Mexico For the World

SIMCA Developments | The Best of Mexico For the World

Playa del Carmen Quintana Roo, Mexico

SIMCA is the number one property developer in Southeast Mexico, covering Cancun, Tulum and Merida! SIMCA Developments have 15 years of experience working in the hottest cities in Mexico!
Read More...

MEX


Osprey Cove - Georgia Private Communities

Osprey Cove - Georgia Private Communities

Saint Marys, Georgia

Located just 21 minutes from Jacksonville, FL International airport, and just a 90 minute drive to Savannah, GA and St. Augustine, Osprey Cove is a constant recipient in the "Top 100 places to Retire." Kiplinger rated Georgia as the #3 in the Top 10 Tax Friendly states for Retirees. This plush coastal community boasts 665 homes. Home buyers in search of an active lifestyle are finding the right fit at Osprey Cove with private golf, tennis, boating and fishing available year round.
Read More...

GA


Del Webb at Traditions

Del Webb at Traditions

Wake Forest, North Carolina

Del Webb at Traditions, located in Wake Forest, North Carolina, is within the Master Planned community of Traditions minutes away from downtown. Specifically designed for active adults 55+, our upcoming clubs and classes will be for residents and by residents with the help of an onsite Lifestyle Director,
Read More...

NC


Home Towne Square

Home Towne Square

Ephrata, Pennsylvania

The 55+ community of Home Towne Square, by Landmark Homes, is situated near Ephrata, PA, about an hour from Philadelphia, in the charming Pennsylvania Dutch Country. Landmark Homes designed Home Towne Square to reflect the culture and tradition of the Dutch Country, including an Arts & Crafts homestyle.
Read More...

PA


Your Information Request for your selected properties



By submitting this form, you agree to allow ideal-LIVING.com to provide your contact information to the selected communities.
Share this with friends!
  •  
  •  
  •  
  •  
  •