I hope you enjoyed your holidays. Now back to finances.
You may want to consider these steps and do them in this calendar year:
- If you pay estimated taxes, consider making your January payment before Dec 31.
- If possible, you can prepay your January installment of your real estate taxes before Dec 31. This may be difficult to do if your taxes are escrowed in your mortgage payment. You will need to check with your tax assessor to details in your city / town.
These two steps may work to your advantage with your income tax. Always check with your tax preparer about your individual situation.