Is Your Neighbor Paying Less in Taxes than You?



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Do you feel like you paid WAY too much in taxes last year? If so, you've come to the right place. Today, we'll share some tips to help you save money on your taxes in 2015. 
  1. Contribute to your retirement: If you do not yet have a retirement plan set up, we recommend talking to a financial adviser. You can also check out Vanguard, a solid investment management company that will go over your options with you. There are many options to choose from, such as SEP IRAs, Roth IRAs, and 401(k)s. Speak with an adviser to determine the right plan for you.
  2. Write off your home office: If you've been working from home, there's a possibility that you can write off that portion of your home as a tax deduction.
  3. Capital gains: Did you sell a home this year? If you did, you may be subject to capital gains on the profit of your home. There are ways to reduce the amount in capital gains you have to pay on your home. 
  4. Interest: One of the great things
    about paying a mortgage is the ability to write off your interest payments. If you paid points when you bought a home, you may be able to write that off as well.
     
If any of these tips struck a chord, don't hesitate to give us a call or shoot us an email. We'll go into further detail so you can have a better understanding of how you can save on your taxes in 2015! We look forward to helping you soon! 

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