Most people dread tax time—trying to figure out what you can claim and finding all of your receipts can be time-consuming and frustrating. Based on common misconceptions that we see, here are a few tips for individuals to make the tax time process smoother and less stressful.
In general, keep in mind that you can claim work-related deductions as long as (1) you paid the money yourself and weren’t reimbursed, (2) the expense is directly related to earning your income, and (3) you have good records.
And remember: if you do owe some tax at the end of the day, don’t let it get you down! If you are paying tax that means you are making money, and isn’t that something to be happy about?
Contact TDG for even more tax tips!