LEE COUNTY, Fla.-- Tax day is less than 2 weeks away and 4 in your corner has some tips on what to do after you file your taxes.
Local financial expert James Gallagher, of Waterstone Financial, says people fall under 3 categories: they either owe money, get a big refund or have it just right.
If you do get a big refund, this isn't a reason to celebrate. This just means you had too much deducted from your paychecks.
Gallagher advises that you don't spend all of your refund money. Instead, you should pay your credit cards or invest it.
If you owe money, make sure you understand what caused the mismatch. Also, adjust your withholding or start making quarterly payments and get a tax plan.
The perfect return is one where there is no refund and you owe less than $100. You can always work on saving more in taxes through retirement plans.
For more information, go to the Waterstone Financial website.
