2012 Is Around The Corner!
Tuesday, December 27, 2011 at 3:46PM The beginning of the New Year is quickly coming upon us. While many people will be creating resolutions to start in 2012, it is also important to follow-through with some of the good habits that you began in 2011.
Flexible spending account: If you have a flexible spending account, you benefit from putting money into an account for medical expenses without being taxed. However, many plans have a “use it or lose it by the end of the year” policy. So, if you still have money in one of these accounts, try to schedule a dentist checkup or eye exam before the end of the year, instead of January. You will be proactive about your health and not lose the money that you set aside earlier in the year.
Organize: Tax season is just a few weeks away; start early and make a list of all relevant documents you will need to prepare your tax return. Many documents, such as W-2’s and 1099’s may not be provided until the end of January. However, it is a good idea to list all of the documents that you will need now, instead of waiting until March or April.
Have a happy and safe New Year!
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