We know, we know. The tax season just ended. But for those who filed an extension or are looking for ways to save in 2024, you'll want to check out these tips.
The 2023 season is over, but there are things you can do now to start preparing for 2024. Here are some tips from Baker Ripley tax centers.
For those who filed an extension, you have until October, but experts say, don't wait since it could not only save you time but hard-earned money.Through this alone, they've already helped file over 30,000 returns for free for those under the $58,000 annual income threshold. If you're a ride-share driver, make sure to track your mileage and report all earnings, no matter how small."Imagine tracking the whole year, on your own, just guessing and just going back to each of those rides. So just make sure to do that soon because it really makes life easier and then you're not missing any money," she said.
"Keep track of each job you have during the year and also the timeframe you worked on that because the following year, in January, you need to make sure that you are receiving your W2s or your 1099s from those employers because they are taking taxes from that and it's possible that is money you may get back as a refund," Cave said.
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