Are You Doing Things This Summer That May Affect Your Taxes?

glasses and pen on tax return

From buying a new house to cleaning your existing house, you may be doing things this summer that will affect the tax return you file next year.

The higher standard deduction brought about by the Tax Cuts and Jobs Act means fewer taxpayers are itemizing their deductions; however, if you are planning to itemize, you should keep these things in mind:

 

Do These Things Before Listing Your Home For Sale

Beautiful family room

Are you planning to sell your home within the next 3-6 months?  Even if your timeline is a little longer, you should start getting your home ready to shine now. 

When your home hits the market you want it to wow potential buyers so you can get the best possible price and sell within your optimum time frame.

Here is a helpful list of things to do ahead of time so you will be confident and not stressed or overwhelmed when the time rolls around. It always comes faster than you think!