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http://turbotax.intuit.com Tax planning strategies are effective in helping you maximize your income tax savings at the end ...
of the year. Year-end tax planning includes learning eligibility for credits and deductions, and keeping up tax records.
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Hello, I'm Sara from TurboTax with some information about the importance of tax planning. Wouldn't you like to pay the least amount of income tax possible? This may not be possible unless you plan ahead of time. By the time you sit down to prepare your tax return it is too late to maximize your income tax savings. You need to start planning when the tax year starts and sometimes even before then. Effective planning begins with an awareness of the tax rules that may effect you. Your goal should be to familiarize yourself with the eligibility requirements of each potential tax credit and deduction. This way you can make sure you are on track throughout the year to claim every credit and deduction you deserve. Let me give you an example. Students can claim The American Opportunity Credit which reduces the amount of tax they owe for education expenses. One of the requirements is that you enroll in school at least half time. Now if your school defines half time as two courses per semester, you can plan accordingly to ensure you remain eligible for the credit. But if you are not aware of this requirement and take only one course during the year you end up paying more tax than you needed to. Although knowledge of the tax rules is the most important part of tax planning, make sure you also keep adequate records in case the IRS requests proof and periodically check for updates to the tax laws. For more tax tips and guidance, visit TurboTax.com.
Hola, soy Sara de TurboTax y tengo información acerca de la importancia de la planificación fiscal. ¿No te gustaría pagar la mínima cantidad de impuestos sobre la renta posible? Esto puede no ser posible a menos que planees con anticipación. Cuando llega el momento de sentarte a preparar tu declaración de impuestos es demasiado tarde para maximizar tus ahorros en impuestos sobre la renta. Necesitas comenzar a planear al comienzo del año fiscal y a veces incluso antes. Una planificación efectiva comienza estando al tanto de las reglas fiscales que pueden afectarte. Tu meta debería ser familiarizarte con los requisitos de elegibilidad para cada potencial crédito fiscal y deducción. De este modo puedes asegurarte de que te encuentras en el camino correcto a lo largo del año para pedir cada uno de los créditos y deducciones que mereces. Déjame darte un ejemplo. Los estudiantes pueden pedir el crédito Oportunidad Americana que reduce el monto de impuestos que deben por gastos relacionados a su educación. Uno de los requisitos es que te inscribas en la universidad por al menos medio tiempo. Ahora, si tu universidad define medio tiempo como dos cursos por semestre, puedes planear de acuerdo a esa información para asegurarte de seguir siendo elegible para el crédito. Pero si no estás al tanto de este requisito y tomas solo un curso durante el año terminarás pagando más impuestos que los que necesitabas pagar. Aunque el conocimiento de las reglas fiscales es la parte más importante del planeamiento fiscal, asegúrate de llevar también un registro adecuado en caso de que el IRS pida pruebas y verifica periódicamente actualizaciones en las leyes fiscales. Para más consejos y guía, visita TurboTax.com.