Chris Worby a Trusted Regina Financial Advisor talks about 5 Common Tax Mistakes.
Well, we all know it’s coming – tax time is inevitable!
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And we all know a guy who says, “Keep that receipt, it’s deductible!”
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Well, ‘that guy’ is often right but misses a few details. That’s why it can be really helpful to take a look at a list like this or talk with a financial advisor to figure out truth from fiction.
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According to tax experts, these are five common problems that can cause mistakes when people file their tax returns:
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1. Miss deductions such as medical, transit pass and caregiver credits.
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2. Lose or misplace receipts.
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3. Unaware of changes to tax laws.
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4. Don’t understand how investments are taxed.
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5. Don’t understand how to transfer tuition or medical expenses between family members.
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If you have questions regarding tax planning with your investments, give us a call. Your accounting professional is also another excellent resource.
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Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider servicing local Regina households and businesses. Since 2001, Chris has been committed to providing a high standard of financial service to individuals, families and business owners. Chris listens and provides a personalized financial plan.