Last Minute Tax Reminders

By Zaneta Lowe  - bio | email | Twitter

COLUMBUS, GA (WTVM) -"I'll go through an pay everything the last day of the year, so I can get my tax deduction now."

So get out your checkbook and start writing.

That's what tax preparer Steve Brown is urging taxpayers to do, particularly small business owners who hope to save a few extra bucks this year.

"Your medical expenses, if someone's self employed, they've got their medical insurance premiums that could be paid today. Self employed people have to do tax estimates, get your tax estimate in now and your state tax is deductible," says Brown of Mr. Tax of America.

Brown says making your next mortgage payment could help too.

"If you pay your home mortgage on December 31st, you can take the interest portion this year instead of next year."

Brown says parents should pay any last minute day care fees.

"If they've got kids in college, their tuition bill might not be due for three or four days, but they can pay that now," adds Brown.

Finally, a little giving could help taxpayers receive later on.

"Today's the last day but you can go ahead and make your contributions or if you've got stuff you're going to give to Goodwill or Salvation Army or the Mother Mary Mission, the different places, take them now, take them out there today and get a receipt."

The Goodwill Donation Center will be open until 8:00 p.m. December 31st.

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