Get your financial house in order! Extremely important things to do before the end of 2017

Extremely important things to do before the end of 2017

Get your financial house in order!

Here are some really important things you should do before the end of the tax year 2017‼

 Employees with flexible spending accounts (FSAs) should spend the remaining balances in the accounts before the end of the year, when any leftover money will be forfeited. (use it or lose it)💲

 Make all charitable contributions by the end of the year if you Itemize Deductions because you may not be able to itemize next year. (Maximize all Schedule A deductions).👍

 Make contributions to your Individual Retirement Accounts (IRAs). Maximum $5,500 ($6,500 if over 50).👴

 Gather documents and receipts needed for the preparation of your taxes for Tax Year 2017. (don’t wait until the last minute to gather those documents)📚

 Prepare monthly Profit/Loss Statements (P&Ls) for all businesses. 🖨

 On December 31st record your ending mileage on vehicles used for business, charity, moving, or medical purposes. (This number will also be your beginning mileage for 2018).🚗

Call Deb at Balanced Book Taxes for your tax questions and to schedule your appointment!📚⚖

Visit us at balancedbooktaxes.com or www.facebook.com/BalancedBookTaxes/ 📱

Call or Text Deb 719-201-4874 email debwallbaum@gmail.com  ☎