I Promise it is Usually Not this Small…my Tax Refund That is !!!

  February 21, 2019

Due to the Tax Cuts and Jobs Act, many taxpayers’ withholding decreased in 2018 providing more money in their paychecks. During the year, some taxpayers may have received a smaller refund or even owe an unexpected tax bill when filing their 2018 tax return this year. At Bowman Tax & Financial, we are  experiencing an increase in public contact requesting help reducing their existing tax liabilities. Depending on one’s unique situation, all hope may not be lost if you have already filed your 2018 tax return, but help may be limited. For this reason we advocate being proactive and taking steps to build an appropriate tax and financial plan. If this year’s tax preparation surprises you, the following tips may be helpful:

In each of these cases you will need to have all of your financial documents at the ready, government issued identification, previous year’s tax return, and your 2018 if already prepared and or filed.