Last minute tax tips

LEXINGTON, Ky. (WTVQ) – With the tax return deadline two days away on April 15, accountants advise you to be sure you got your paperwork mailed in on time.
Representatives from credit counseling service Apprisen say filing electronically can be easier and more convenient. They say it’s a good idea to have a list made up by you or an accountant of everything you will need to file a return. This should include a list of potential deductions.
Those deductions are typically based on your income level and could include the following: mortgages, property interest, tagging personal vehicles, student loans, money in certain types of accounts, eco-friendly appliances, medicines and charitable donations.
They say to have everything prepared like 1099s and W-2s. They say if you’re not prepared you could miss out on deductions because you forget about your own life choices.
They say quick pay loans or anticipation loans are not recommended except in extreme cases, because you will be paying interest on money you could be getting back in the form of a refund within 7-10 days.

Categories: Local News, News

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