Year-End Tax Tips | The TurboTax Blog

Self-Employed

End of Year Retirement Tips for Employees and the Self-Employed

December 22, 2019 March 24, 2020 / TurboTaxBlogTeam

Contributing to your retirement account is one of the best ways to reduce your taxable income and increase your tax refund. While some retirement accounts have year-end deadlines for contributions and required distributions, others give you extra time to make...

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Tax Planning

I’m Projected to Owe Taxes Next Year – What Should I Do Now?

December 19, 2019 / Elle Martinez

With tax season right around the corner, you may be wondering whether you paid enough taxes this year. Have no fear — we’ve compiled a list of money moves you can make before December 31st to improve your tax picture....

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Tax Planning

10 Easy End of Year Tax Tips to Increase Your Tax Refund

November 1, 2019 December 6, 2019 / TurboTaxLisa

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020). It’s hard to believe that we are in the last quarter of the year! With 2019 coming...

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Tax Planning

5 End of the Year Tax Tips for Newly Married Couples

December 14, 2017 July 24, 2019 / Jim Wang

With reality comes taxes and the challenges that a newly married couple must face. Once the honeymoon is over, it’s time to start getting serious about your finances as a couple. And that includes getting your tax situation in order. Remember that your marital status is determined by your status on December 31. As the year draws to a close, and as you consider your new married filing jointly status, here are five tips to keep in mind.

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Tax Planning

Save With These 8 End-of-Year Tax Tips

November 7, 2017 January 26, 2018 / Jim Wang

The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. The key to tax planning near...

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Tax Planning

Year-End Small Business Tax Tips

November 1, 2016

When the tax year begins to wind down small businesses wonder if there are any last-minute tax tips that can save money. Here are some strategies that can work for year-end planning, but can also come in handy any time throughout the year.

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Business Income

Freelancing 101: What You Need to Know End of Year to Maximize Write-Offs

October 31, 2014 / Elle Martinez

Many freelancers I talk to will tell me that taxes are one of their least favorite things to get ready for. It’s definitely not my favorite part of being self-employed, but it’s necessary. Through the years I’ve streamlined my system...

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Tax Planning

4 Smart EOY Moves to Make Before the New Year

December 30, 2013 / Jim Wang

It seems like the end of the year always sneaks up on us and while I have your attention, I think there are a few smart moves you can make near the end of the year to set yourself up for a fantastic new year. Even though you will be preparing your taxes in 2014, these are moves you need to do today, while the date on the calendar still says 2013.

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Tax Planning

5 Simple Tax Tips for End-of-the-Year Giving

December 23, 2013 December 30, 2013

With the hustle and bustle of the holidays, the last thing we want to think about are taxes. But since the holidays are a time to think about giving, Razoo and TurboTax have teamed up to provide simple tips for smart charitable giving that can save...

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Tax Planning

End of Year Tax Tips [Infographic]

December 12, 2013

In the midst of all the holiday shopping and frenzy, don’t forget that tax season is just right around the corner and there are a few tax-advantageous things that you can still do before the end of the year that...

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