Keep your money! 6 things to do NOW to maximize your tax refund
You have just days before the clock resets. Here are 6 things you can do now (and you really have to move NOW), to keep more of your hard earned money and pay Uncle Sam less. Because let's face it, we pay that guy enough.
Say what? It does make sense, follow along. According to local CPA, Robert Hockensmith, if you make another mortgage payment between now and the end of the year, that additional mortgage payment will mostly be interest and you’ll be able to take a higher mortgage interest deduction on that payment.
If you pre-pay any medical expenses you know you will have or pay off existing medical expenses, you can write them off. According to Hockensmith, this could be especially beneficial if federal tax reform removes the ability to deduct medical expenses in 2018.
If you were forced to work off the clock or without overtime pay within the past 3 years, you may be eligible to join a free class action lawsuit investigation against your employer and seek compensation for unpaid wages. The most common wage and hour complaints are: unpaid overtime, unpaid wages, off-the-clock work, employee misclassification as exempt or independent contractor, missed meals and breaks, donning & doffing, less than minimum wage, excessive sidework, unpaid internship.