Tuesday, July 29, 2014

Mid-Year Tax Review

The dog days of summer are a great time to spend a few minutes with your 2014 tax projections to see how the year is stacking up. Are you making as much income as you anticiapted? Are there any unexpected income or expense items? Are you having enough withheld or paid in as estimated tax?

All great questions to be asking yourself now, rather than next April, when it's too late for action. Keep your notes - it makes a last minute look in December all the easier.

While you're reviewing your situation, now is a great time to consider a charitable deduction to the 501(c)(3) charity of your choice. With school just around the corner, so many organizations are gearing up to help those in need as we move into a new school year. Their need for funding extends way beyond the end of the year.

Our office supports these charities, as we're pleased to highlight them now for the great work they perform in the community. 

In San Antonio we support Seton Home. They are a residential facility that provides housing and supportive services for homeless, abused, pregnant and/or parenting teens and their children.

In Austin we support Caritas.  Caritas provides a service continuum for those experiencing poverty that begins with a safety net and links them to resources to achieve self-sufficiency.

Our community has countless other charities that are worthy of your support. This is great time to re-evaluate your tax situation and perhaps make a meaningful contribution to the charity of your choice. 

Have tax questions or need help? Contact tax attorney Martin Cantu

Contact our Austin tax office for a face-to-face consultation.