While April 15, the annual deadline for filing state and federal taxes, is the date most of us circle on the calendar, it is often the tax planning steps people take months before filing day hits that matter most.
For people seeking to minimize their tax burden and maximize the efficiency of their state and federal returns, tax time starts now, in the fourth quarter of the year, before the conclusion of the current tax year. “You don’t want any unpleasant surprises come April 15,” says certified financial planner Gregory D. Gardner of the Gardner Group in Dallas, Texas.
What you do want is the peace of mind of knowing you did all you could to put yourself in good tax position come April. Here are nine ways to find that peace of mind: