With all the frenzy about completing one’s holiday shopping and then enjoying the sight of each gift being received gleefully, one might almost forget that the tax season is just around the next corner and no matter how much you might have enjoyed spending your month’s earnings and year’s saving, you will not be spared from this little task.
When the end of the year brings in the tax season, be sure to remember to defer your year-end bonus until the New Year because that way, you might very well save yourself from paying tax on that if the New Year sees you on a higher pay bracket.
Also, throughout do not forget to keep a checklist of everything that might be bringing in the moolah. It does help you in saving time and energy when the tax season arrives.
