Tax preparations to make now

Tax preparations to make now

RICHMOND, Va. (WWBT) -If you like getting a tax refund this time of year-- here’s what you can do now for next year.

This is the time of year to change your withholdings, especially if you are expecting any big changes in 2020.

Things, like buying a house or having a baby, will change your tax situation.

When your W2′s come in the mail, look over your withholding and determine if that will be right next year.

Also, while you’re at it, file right away this year.

Filing quicker this year is to prevent hackers from filing a fake return in your name and getting a refund. That act could hold up the money you deserve back.

If this happens to you, it could take months to sort it all out.

Copyright 2020 WWBT. All rights reserved.