Many people avoid thinking about taxes until the April deadline rolls around each year. But by then it may be too late to take advantage of the top strategies to cut down your tax bill—or get a bigger refund.
Take some time before January 1 to check off these tasks while they still count.
6 tax to-do’s before 2022 ends
Federal tax returns and payments are due on April 18, 2023 (state deadlines vary, but many match the federal deadline). While W-2 income statements won’t be sent out until late January, you can use an online calculator now to estimate what you might owe. All you need are your pay stubs for the year, showing how much you earned and how much you paid in income taxes.
If you’re hoping to shrink your tax bill, or possibly boost your refund, here are some strategies to try—plus one time-saving tool that’ll