Individual Taxes
10 Tax Tips for Individuals Filing on Their Own
You don't have to run a business to leave money on the table. These are the tax basics that help ordinary filers keep more of what they earn.
01Standard Deduction vs. Itemizing
Most filers now take the standard deduction because it's larger than their itemized total. But if you have significant mortgage interest, state taxes, or charitable giving, run both ways and take whichever is bigger.
02Don't Miss Above-the-Line Deductions
Certain deductions — like student loan interest, HSA contributions, and self-employed health insurance — reduce your income even if you take the standard deduction. They're easy to overlook.
03Contribute to Tax-Advantaged Accounts
IRA and HSA contributions can lower your taxable income, and some can be made right up until the filing deadline. The IRS IRA page explains the limits.
04Time Your Charitable Giving
Bunching several years of donations into one year can push you over the itemizing threshold in that year. A donor-advised fund is one tool people use for this.
05Check Your Withholding
A giant refund means you lent the government money interest-free all year; a big bill means a possible penalty. Adjusting your W-4 aims you toward break-even, where your money stays in your pocket.
06Keep Good Records
Save documents supporting income, deductions, and credits. If a return is ever questioned, records are what turn a stressful notice into a quick reply.
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Schedule a ConsultationThis article is general information, not individualized tax, legal, or financial advice. Every situation is different — reach out and we'll look at yours directly.