Preparing for a better tax return

Good Morning CT at Nine

Were you unhappy with your tax return this year? Tax and retirement planner Stuart Pearl with Southern CT Tax Group shares ways you can be planning ahead for next year.

1. Meet with your Tax Planner to get a projection of your taxes for 2019 and see what, if anything ,will you need to do differently.

2. “Bunch” charitable giving.

3.  Review your W-4 and make sure you are withholding sufficient taxes.

4. If available at work: saving in 401K, Health Savings Account and  Dependent Care Flexible spending account  will reduce your taxable income.
 

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