Paying Your Dues – Last-Minute Tax Tips for A Successful 2019 Return

Finding the perfect accountant to prepare your personal taxes is sometimes like a job itself. You know you want to find someone who is qualified, but what does that mean? When searching for a professional to prepare your personal taxes, make sure to keep in mind these last-minute tax tips.

Know Your Situation

Has your status changed? If you are a student, you got married, or you purchased a house in 2018, you have deductions to take advantage of when filing your tax returns. As a student, you probably have some debt accumulated, and when you file your taxes, you can deduct up to $2500 in interest each year that you have accrued while holding your loan, even if you are getting help paying it off. The income cap is $80K if you are filing with a single status and $160K if you are filing jointly. If you got married, its going to be important to run the numbers both ways. Joint filing can help, but it depends on your combined income levels. If you can save more, it might make sense to file separately instead.

As recommended by Brittany Turner, CPA, founder of Countless, there are several tax deductions and credits that are available to help mitigate any negative changes to your personal refunds that might be caused by the new tax laws in place. According to CNBC, “Refunds dropped 8.7 percent over the first two weeks of filing season, the Internal Revenue Service reports. The average refund this year so far has been $1,949, compared with $2,135 during the same two-week period a year ago.”

One of the changes to be aware of is a reduction in the deduction of all taxes paid to state and local entities up to $10K in total. This means that residents in some states, like New Jersey, which pays drastically higher property taxes than others, will not be able to deduct the full amount of their already paid taxes.

Choose Your Tax Professional Wisely

When finding a tax accountant, remember that you are in charge of giving them permission to access your personal and financial information. So, to be very clear, make sure you know what you are looking for in your next (and hopefully final) tax accountant. It is a relationship that is important to keep consistent and steady, as you may face the IRS at some point with an audit of your personal taxes, and you’ll want to be armed with the best advice possible. It is more important than ever to go in with some knowledge, so you can find a long-term fit. There are a number of questions you should ask when hiring someone for any other job, so don’t be shy about asking for things like credentials and a further explanation of their experience working in their respective fields. The person who is going to prepare your personal taxes is someone you need to trust. Here are several titles that you will find in the financial world, and what they actually mean for you in terms of the more detailed aspects of the services they offer.

A Certified Public Accountant (CPA) is a person who has passed an extra ethics exam along with their accountant training exam and has met other state requirements in regards to continuing education. There are a range of professions that a CPA can practice, including financial planning and auditing. This means that they can act in several roles, and this is good if you have a diverse set of financial goals and interests beyond finding someone to simply prepare your personal taxes.

An Enrolled Agent (EA) has completed a regular three year set of continuing education credits along with their federally-granted tax license, which gives them a specific focus on taxes as a field. This may seem like an obvious first choice as someone to hire, but if you are also planning to invest, whether it is in land, the stock market, or a business idea, your personal taxes are the key to more. Therefore, working with someone who can grow with you from your single filing status to married and from renter to owner is key. If you are more of a short-term planning person, an EA might just be your best bet for the 2019 tax season.

A Certified Financial Planner (CFP) can help you plan for your financial future. This is someone who has tax experience when it comes to their examinations, however, they may not necessarily focus on taxes for their business. They have passed several exams and been approved through the Certified Financial Planner Board of Standards. They can still potentially be a good fit, but it is important to ask enough specific questions of any of these certified financial industry-based individuals.

An extra certification you can ask for when finding a tax accountant is the Annual Filing Season Program (AFSP), which serves as a refresher course for tax agents to learn about new regulations and changes to the tax codes and laws. Agents who have been registered through this program can be found on their database. Choosing someone who is trained specifically for your needs is best, especially because your personal tax record is yet another sign of trustworthiness for future financial endeavors. Be sure that you can contact your personal tax agent during offseason and go over your plan for an audit should that situation arise.

Familiarize Yourself with New Tax Info

Heard the latest? We also have, reporting from Forbes, the fact that Commissioner Chuck Rettig has reached out with a message for all taxpayers. The video link explains his message in full. But in short, the most important part is that if a taxpayer can’t afford to pay his or her 2019 tax bill in full and on time, it is still best to go ahead and file anyway rather than risk facing the levied penalties. There are payment options available, and one can also file for extensions. Rettig has also stated that the IRS is willing to help taxpayers figure out their best payment options and work with them to avoid heavy penalties that are strictly enforced. For those of us who have relied on our usual numbers, it’s definitely important to get a clear picture of what resources are and are not available to you now that we are in a new year.

Ready to get started? This 2019 tax season try to keep it simple. Do your research, ask questions, and make sure you are fully prepared to hand over all the information your financial agent will need to file your personal taxes properly for you. Remember these last-minute tax tips when you open your laptop or pick up your phone, and you will be much more confident and prepared to “pay your dues” to America.

83 thoughts on “Paying Your Dues – Last-Minute Tax Tips for A Successful 2019 Return

  1. Van says:

    I’m not sure where you’re getting your information, but good topic.
    I needs to spend some time learning more or understanding more.
    Thanks for wonderful information I was looking for this info
    for my mission.

  2. says:

    I’m not sure where you are getting your information, but great topic.
    I needs to spend some time learning more or understanding more.
    Thanks for wonderful information I was looking for this info for my mission.

    Also visit my blog post – id test 3win8 (

  3. Tru Vita CBD says:

    I like what you guys are up also. Such intelligent work and reporting!
    Carry on the superb works guys I’ve incorporated you guys to
    my blogroll. I think it will improve the value of my web site :).

    My web-site – Tru Vita CBD

  4. Tru Vita CBD says:

    I am really impressed with your writing skills as well
    as with the layout on your blog. Is this a paid theme or did you customize it yourself?
    Anyway keep up the excellent quality writing, it’s rare to
    see a great blog like this one nowadays.

    My page :: Tru Vita CBD

  5. Keto BHB Boost Pills says:

    With havin so much content do you ever run into any issues of plagorism or copyright violation? My site has a lot
    of unique content I’ve either written myself or outsourced but it appears a lot of it is popping it up all over the web without my authorization. Do you know
    any ways to help reduce content from being stolen? I’d genuinely appreciate it.

    My blog … Keto BHB Boost Pills

  6. says:

    I know this if off topic but I’m looking into starting my own weblog
    and was curious what all is needed to get setup?

    I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very web smart so I’m not 100% certain. Any
    suggestions or advice would be greatly appreciated.

    my blog

  7. says:

    Greetings from Florida! I’m bored to tears at work so
    I decided to browse your site on my iphone during lunch break.
    I love the knowledge you provide here and can’t wait to
    take a look when I get home. I’m surprised at how quick your blog loaded
    on my mobile .. I’m not even using WIFI, just 3G ..

    Anyways, awesome site!

    My homepage ::

  8. BodyCore Keto Review says:

    I absolutely love your blog and find most of
    your post’s to be exactly I’m looking for. Would you offer guest writers to write content in your case?

    I wouldn’t mind producing a post or elaborating on a few of the subjects you write related to here.

    Again, awesome site!

    Feel free to surf to my homepage :: BodyCore Keto Review

  9. Slimingo Keto Review says:

    I really wanted to type a brief remark to thank you for
    those stunning tactics you are writing on this site. My long internet research has
    at the end been honored with useful facts
    to share with my visitors. I ‘d state that that most of us site visitors actually are rather lucky to dwell in a good
    site with very many marvellous people with good solutions.
    I feel rather lucky to have used the web page and look forward to many more cool minutes reading
    here. Thank you once again for a lot of things.

    Here is my web-site :: Slimingo Keto Review

  10. Truvita CBD says:

    Can I simply say what a comfort to uncover somebody that truly knows what
    they’re talking about on the net. You certainly realize how to bring an issue to light and make it important.
    More and more people have to read this and understand this side of your story.
    I was surprised that you are not more popular because you certainly have the gift.

    Stop by my web blog: Truvita CBD

  11. ViagRx says:

    My brother suggested I might like this web site. He was entirely
    right. This post actually made my day. You cann’t imagine simply how much time I had spent for this info!

    Check out my homepage :: ViagRx

  12. Body Core Keto says:

    Write more, thats all I have to say. Literally, it seems as though
    you relied on the video to make your point. You definitely
    know what youre talking about, why waste your intelligence on just posting videos to your weblog when you could be giving us something informative to read?

    Here is my website … Body Core Keto

  13. New Flow XL Review says:

    I wanted to follow along and allow you to know how considerably I valued discovering this blog today.

    We would consider it an honor to work at my company and be able to utilize tips contributed on your site and also be involved in visitors’ feedback like this.
    Should a position associated with guest writer become available at your end,
    you should let me know.

    my web site; New Flow XL Review

  14. MaxExtend Male Enhancement says:

    I definitely wanted to make a brief remark to be
    able to appreciate you for all the stunning tips
    and hints you are writing on this website. My time-consuming internet look up has at the
    end of the day been recognized with reputable concept to
    talk about with my companions. I would assert that
    we website visitors actually are rather blessed to be in a remarkable site with so many awesome individuals with very beneficial tips.
    I feel really lucky to have used the web page and
    look forward to so many more cool moments reading here.
    Thanks a lot once again for all the details.

    my site … MaxExtend Male Enhancement

  15. Gaia's Choice CBD Isolate says:

    I as well as my pals ended up reading through the nice
    things located on your website and so the sudden I got
    a terrible feeling I never thanked the web site owner for those strategies.
    All the people came totally glad to study all of them and have now certainly been taking pleasure in those things.

    Appreciation for genuinely well kind and also for choosing this form of
    ideal issues millions of individuals are really wanting to be informed on. My sincere apologies for
    not expressing gratitude to earlier.

    Feel free to visit my web site; Gaia’s Choice CBD Isolate

  16. Gaia's Choice CBD Reviews says:

    I intended to compose you a very little remark to finally thank you
    very much again for these pleasant suggestions you’ve shown here.

    This has been simply wonderfully generous with you to convey openly all that numerous people would have advertised as an e book to get
    some cash for their own end, most importantly considering that you could possibly have tried it if you considered
    necessary. Those suggestions likewise worked to
    be the easy way to be certain that many people have similar keenness really like my very
    own to see a good deal more on the topic of this condition. I’m sure there are millions
    of more pleasurable situations up front for folks who view
    your blog post.

    Here is my blog – Gaia’s Choice CBD Reviews

  17. says:

    Hello very nice site!! Guy .. Excellent ..
    Wonderful .. I will bookmark your website and take the feeds also?
    I am happy to search out a lot of helpful information right here
    within the submit, we’d like develop extra strategies in this regard, thanks for sharing.
    . . . . .

    Look at my homepage ::

  18. Keto Boom says:

    Nice post. I learn something totally new and challenging
    on blogs I stumbleupon everyday. It’s always useful to read through articles from other writers and use something from other
    web sites.

    my web-site Keto Boom

  19. Cryogen Air Cooler Review says:

    Hey just wanted to give you a quick heads up. The words in your post seem to be
    running off the screen in Chrome. I’m not sure if this is a formatting issue
    or something to do with browser compatibility but I figured I’d post to
    let you know. The layout look great though! Hope you get the issue resolved soon. Thanks

    Also visit my site; Cryogen Air Cooler Review

  20. Keto Redux Ingredients says:

    I was honored to obtain a call from a friend when he identified the important ideas shared in your site.
    Browsing your blog post is a real brilliant experience. Thank you for taking into account readers
    like me, and I hope for you the best of success for a professional in this discipline.

    Visit my blog :: Keto Redux Ingredients

  21. MaxExtend says:

    Sweet blog! I found it while surfing around on Yahoo News.

    Do you have any tips on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get
    there! Appreciate it

    Also visit my site: MaxExtend

  22. Slimingo Keto Review says:

    Having read this I believed it was rather enlightening.
    I appreciate you spending some time and energy to put
    this informative article together. I once again find myself personally spending
    a significant amount of time both reading and posting comments.

    But so what, it was still worth it!

    My page :: Slimingo Keto Review

  23. Randell says:

    This is very interesting, You’re a very skilled blogger.
    I have joined your feed and look forward to seeking more of your magnificent
    post. Also, I have shared your web site in my social networks!

    my blog: cbd gummies for pain (Randell)

  24. Keto Boom BHB Review says:

    Hello, i read your blog occasionally and i own a similar one and i was
    just wondering if you get a lot of spam feedback? If so
    how do you reduce it, any plugin or anything you can suggest?

    I get so much lately it’s driving me mad so any assistance
    is very much appreciated.

    Also visit my web site … Keto Boom BHB Review

  25. SoloVolt says:

    Somebody necessarily assist to make seriously posts I might state.
    That is the first time I frequented your web page and up
    to now? I amazed with the research you made to make this actual
    publish extraordinary. Excellent activity!

    my web blog: SoloVolt

  26. Xoth Keto BHB Review says:

    Right here is the perfect site for anybody who wishes to understand
    this topic. You understand a whole lot its almost hard to argue
    with you (not that I actually will need to…HaHa). You
    certainly put a brand new spin on a subject which has been discussed for many years.

    Wonderful stuff, just excellent!

    Also visit my web page Xoth Keto BHB Review

  27. best kratom says:

    It is the best time to make some plans for the future and
    it’s time to be happy. I have read this post and if I could I wish to suggest you few interesting things
    or advice. Perhaps you can write next articles referring to this article.
    I want to read more things about it!

    Stop by my blog post – best kratom

Leave a Reply

Your email address will not be published. Required fields are marked *