It’s that time of year again: tax-filing season. Here are five easy steps to help you make it through.
- Be prepared. The goal is to meet with your tax advisor or start your tax return with all your information in one file. Put your records in a labeled folder with multiple compartments. As you receive tax information from employers or financial institutions, put them in the folder immediately.
- Get proper documentation. For any single contribution worth $250 or more, you must obtain a written acknowledgment from the charity.
- Consult with professionals. A qualified professional can help you navigate (or prepare for) changes in tax laws and minimize taxes. While you are reviewing your finances and assets, it is a good time to decide whom you want to inherit them. Make sure your will or trust still covers everything you own and your beneficiary designations are up to date.
- File electronically. Visit gov to explore the many electronic filing options (known as E-File). Electronic filing is the best way to ensure an error-free return.
- Plan for the future. While your assets and finances are top of mind, consider how you’d like to support organizations that are most important to you. You can extend your legacy of kindness by considering a gift to Texas Parks and Wildlife Foundation through your estate plan.
We can help!
Please contact Amy Allen at 512-694-9782 or aallen@tpwf.org to learn more about making a planned gift to support our wild things and wild places so future generations can enjoy, explore and be inspired by the outdoors.
