It’s that time of year when we start to think about taxes – gathering documents, looking at what can still be done to benefit you.
Now that it’s 2019, there are still some things you may be able to do to help yourself in 2018.
Don’t forget it’s not too late to make your pre-tax retirement contribution for last year. You actually have until April 15 to make your contribution for last year, if you haven’t maxed out your contribution for the previous year. This is turn could lower your taxable income and may turn owing on your taxes into a refund.
If you have a Health Savings Account (HSA), you may also be able to make a contribution for last year, if you haven’t maxed out your contribution amount for 2018. Again, this may lower your taxable income and may turn owing on your taxes into a refund.
Ask your accountant what you can do now to see if you can benefit from this for last year. It never hurts to ask.