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Summertime Tax Tips by Nikita Sipin, CPA


Posted on August 21, 2019 by Nikita Sipin

During summertime fun, taxes may be the furthest thing from your mind. However, several activities that are common during the summer months may help you qualify for valuable tax credits and deductions that can reduce your tax liabilities and even result in a tax refund next year.

As a final reminder, if you received an automatic extensions to file you 2018 federal income tax returns, the October 15 filing deadline is right around the corner. While you may not have earned enough money from a summer job last year to require the filing of a tax return, you still may want to file to get a refund of any income tax your employer withheld.

About the Author: Nikita Sipin, CPA, is a senior manager of tax services with Berkowitz Pollack Brant, where she helps individuals and businesses grow their wealth and profits while maintaining tax efficiency and compliance. She can be reached at the CPA firm’s Miami office at (305) 379-7000 or via email at info@bpbcpa.com.

 

Information contained in this article is subject to change based on further interpretation of tax laws and subsequent guidance issued by the Internal Revenue Service.