Stay aware of new tax laws that impact your deductions

Use tax planning tools during open enrollment season

Understand how rental income is taxed

Separate personal and business accounts to simplify reporting

Review your tax filing status annually for accuracy

Claim home office deductions only if eligible

Learn when you need to file a Schedule C for business income

Know what receipts you need to keep for an audit

Keep track of documentation for all itemized deductions

Evaluate the tax impact of exercising stock options

Avoid underpayment penalties by adjusting your withholding

Understand how state taxes differ from federal rules

Use your tax refund to advance financial goals

Track mileage and travel expenses if you freelance or consult

Contribute to a traditional IRA to lower taxable income

Use flexible spending accounts before year-end deadlines

Check the tax implications before selling your home

Use software to simulate tax outcomes before filing

Don’t overlook education tax credits when paying tuition

Self-employed? Pay estimated taxes quarterly to avoid penalties

Understand the taxation of dividends vs. interest income