ideal-LIVING Retirement and Relocation 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

Del Webb Sunbridge

Del Webb Sunbridge

St. Cloud, Florida

The 55+ active adult community of Del Webb Sunbridge is coming soon to Orlando, Florida! Located just 5 miles from Lake Nona and Medical City, this exciting community will offer Single Family Homes and Villas, along with resort-style amenities.
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FL


Avalon

Avalon

Waynesville, North Carolina

Avalon is a gated community located just 25 minutes west of Asheville, North Carolina. This 400-acre Western North Carolina mountain community is situated high atop a mountain plateau with hardwood forests and panoramic mountain views.
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NC


Medley at Southshore Bay

Medley at Southshore Bay

Wimauma, Florida

Medley at Southshore Bay is designed especially for active adults who want the best life has to offer. The rich variety of amenities include a Metro lagoon by Crystal Lagoons, with 5.5 acres of crystal-clear blue waters, ideal for swimming and kayaking. Residents will enjoy private amenities including a social clubhouse, resort-style pool and tiki bar, a dog park, walking trails, golf-cart paths and more!
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FL


Cresswind Peachtree City

Cresswind Peachtree City

Peachtree City, Georgia

At Cresswind Peachtree City, residents enjoy a long list of amenities specifically designed for those 55 and over. Located among 400 wooded acres with rolling hills and winding trails, Cresswind Peachtree City offers a haven for active living in an ideal location near Atlanta, Georgia. With a focus on fitness, nutrition and relationships, Cresswind Peachtree City is designed to help residents live better, longer. Cresswind Peachtree City features a brand-new 17,000-square-foot community clubhouse, offering a fitness center, indoor and outdoor swimming pools, tennis, arts & crafts room, and more.
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GA


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.
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NC


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.
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NH


Cresswind Charlotte

Cresswind Charlotte

Charlotte, North Carolina

Encompassing 370 woodland acres, Cresswind Charlotte is a 55+ community in Charlotte, North Carolina. This active adult community is situated away from the congestion of the city with resort-style amenities and a variety of activities. Miles of walking trails meander throughout the community, and the 18,000-square-foot clubhouse will feature a fitness center, indoor and outdoor swimming pools, tennis, pickleball, and bocce.
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NC


WindRiver

WindRiver

Lenoir City, Tennessee

WindRiver on Tellico Lake in Lenoir City, Tennessee is a gated lakefront and golf course community with a private harbor and marina and featuring acre-plus waterfront properties, custom homes, and golf villas.
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TN


Bella Vista - Arkansas Private Community

Bella Vista - Arkansas Private Community

Bella Vista, Arkansas

Bella Vista is a private 36,000-acre, Member-based recreational community in Northwest Arkansas offering seven golf courses, seven stocked private lakes, swimming pools, tennis courts, trails, parks, pavilions, recreation centers, a gun range, an RV Park and many other amenities. Bella Vista was recently ranked one of America's Top 10 Best Healthy Places to Retire by U.S. News & World Report and one of the Top 25 best places for affordable homes by CNNMoney.com and Money Magazine.
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AR


The Retreat at Craig Ranch

The Retreat at Craig Ranch

McKinney, Texas

The Retreat at Craig Ranch offers a lifestyle focused on comfort and elegance. These attached maintenance-provided estate homes feature abundant square footage, impressive high-end interior finishes, stainless steel appliances, and access to the best amenities in the area.
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TX


Tennessee National - Tennessee Gated Communities

Tennessee National - Tennessee Gated Communities

Loudon, Tennessee

Tennessee National is one of East Tennessee's premier gated waterfront golf communities. Nestled in the foothills of the Great Smoky Mountains, the community offers a range of homesites and styles to suit your distinctive taste.
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TN


Del Webb Nocatee

Del Webb Nocatee

Ponte Vedra, Florida

Del Webb Nocatee is a 55+ Active Adult Community in Ponte Vedra FL. Experience the epitome of resort-style living while living near pristine beaches and world-class golf. There is always an activity within reach..
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FL


Wycliffe Golf & Country Club - Florida Golf Community

Wycliffe Golf & Country Club - Florida Golf Community

Wellington, Florida

As a private equity community, home ownership is the key to living the fabulous Wycliffe lifestyle. Our gated residential community of 1,045 Mediterranean-style single-family homes, villas and condo residences is spread throughout 14 uniquely charming neighborhoods
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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.
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FL


Grand Highlands at Bearwallow Mountain - NC Mountain Communities

Grand Highlands at Bearwallow Mountain - NC Mountain Communities

Hendersonville, North Carolina

Unparalleled panoramic views of the Blue Ridge Mountains and pristine forests. This award winning mountain top community is removed without being remote. It is minutes from the conveniences of Hendersonville, NC and the Asheville Airport. Ideal altitude from 3,200 to 3,800 feet to enjoy cool summers without the harsh winters.
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NC


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