Nov 7 • CPA’s Corner: Financial Q&A
What You Should Be Doing Right Now to Avoid Tax Surprises
Three major areas you should focus on before year-end to stay ahead financially:
✅ 1. Reduce Tax Surprises Before December
It’s not too late to minimize what you owe. Now is the time to:
- Review your estimated income 📊
- Adjust for life changes (new job, home sale, marriage/divorce, medical bills) 🔄
- Maximize retirement contributions 💰
- Make sure you’re capturing all eligible credits 🎯
✅ 2. Understand the New Tax Law Changes
Congress recently passed updates affecting:
- Tip income & overtime income exclusions 🍽️
- Standard deduction increases 📈
- Additional senior deductions 👵👴
These changes may lower your tax bill — but only if you plan ahead.
✅ 3. Be Proactive, Not Reactive
Waiting until year-end leads to stress, missed opportunities, and bigger tax bills. Review your situation now and reach out for guidance if anything in your financial life has shifted this year. 🔍
If you’d like a deeper review or help estimating your year-end taxes, drop a comment below or message me directly. Let’s make sure you’re prepared — not surprised. ✅💼
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What You Should Be Doing Right Now to Avoid Tax Surprises
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