Review This Year's Tax Deduction (And File Taxes)

We are winding down to the final week before tax day. If you haven't done so already, file your taxes for the year or file for an extension. Extension are automatically granted to tax filers who request them on or before tax day, avoiding significant fees and penalties.

Once you have finished your taxes, begin planning your deductions for next year so you can save the documentation you'll need to minimize your tax liability. Reviewing this year's tax return and the list of potential deductions is a good start for creating a file of potential deductions.