Maximize Your Deductions: Here's How!

1️⃣ Tithes and Offerings Contributions

If you itemize your deductions, there’s still time to boost your charitable giving! Write a check for your January 5, 2025, tithe or offering and ensure it is:

Dated no later than December 31, 2024

Mailed by December 31, 2024

The IRS bases the deduction on when the check is dated and mailed—not when the church or religious institution cashes it. This ensures you lock in the 2024 deduction while supporting a good cause!

2️⃣ Prepay Your Mortgage Interest

For homeowners, this is a key move! To claim an additional mortgage interest deduction for 2024, your payment must be:

Made online or in person by December 31, 2024

Unlike tithes and offerings, mailing the payment is not enough. You must complete the transaction before the year ends.

3️⃣ Childcare Expenses

If you’re claiming childcare expenses, you can follow the same strategy as tithes and offerings:

Write the check for January’s payment.

Ensure it’s dated and mailed by December 31, 2024.

This lets you include it in your 2024 deductions, saving you even more.

4️⃣ Real Estate Taxes

Pay your property taxes early! Just like with tithes and childcare:

Write the check.

Date and mail it by December 31, 2024.

This strategy ensures the payment qualifies as a 2024 itemized deduction, giving you a head start on savings.

5️⃣ State Estimated Taxes

If you owe state estimated taxes due January 15, 2025, you can maximize your benefit by paying early:

Write the check for the amount owed.

Date and mail it before December 31, 2024.

By doing this, not only will your payment be on time, but you’ll also gain the extra 2024 deduction you're aiming for. It’s a win-win strategy to keep more money in your pocket. Why Wait? Get Started Today!

Our Enrolled Agents and Notary Signing Agents are ready to assist with personalized strategies and expert preparation.

Our Services Include:

✔ Business Tax Preparation

✔ Personal Tax Preparation

✔ Tax Consultations

✔ Bookkeeping & Payroll Services

✔ Notary Signing

Why TaxLady II Union County LLC?

📌 Experienced Enrolled Agents ready to maximize your savings

📌 Personalized service tailored to your financial situation

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Visit TaxLadyiiuc.com