What Do You Need to Know for Tax Day 2025?

It’s that time of year again – Tax Day. The IRS tax filing deadline is fast approaching for Elkins Park residents and there are some simple steps you can take to make the process easy. As you prepare for the federal income tax deadline and PA tax deadline, there are several things that you should bear in mind. From finding a tax accountant to preparing to file for tax extension status, here’s everything Montgomery County and the Greater Philadelphia area need to know for Tax Day 2025. 

Organize Your Paperwork

Make sure you organize your paperwork. Depending on your situation, you may have a lot of documents that you need to sort through before you are ready to file for your tax return. Take the time to go through all of your forms and make sure that you have everything you need. From chasing down W-2 forms to compiling information about childcare expenses and medical costs, it’s important that you have everything prepared before the IRS tax filing deadline. 

Consider Working with a Tax Professional

Filing a tax return through online software might seem like the easier path, but it isn’t a foolproof way to handle your taxes. A tax professional specializes in making sure you get the most out of your tax return and will be well-versed in all of the potential deductions and tax credits that you qualify for. That means that, not only can you be certain that a tax accountant will accurately file your taxes, but there is also a high chance that you will save more money than you would if you filed on your own.

Determine If You Need to File for Tax Extension Assistance 

Don’t wait until tax day to find out that you need to file for tax extension assistance. If you aren’t prepared for the federal income tax deadline and PA tax deadline then it is best to file for tax extension assistance as soon as possible. Consider working with a tax professional, who will make sure that the process goes smoothly and will help you prepare all of your paperwork. 

Decide How You Are Going to Pay

Not everyone receives a tax refund. In fact, a good portion of people end up owing money, which is also due by Tax Day. Make sure that you have a way to pay before you file and, if you’re worried that you won’t be able to cover what you owe, figure out an alternative solution before the time arrives.

Seek Professional Help from SD Associates, P.C. in Elkins Park, PA

At SD Associates, P.C. in Elkins Park, PA, we guarantee that you will be ready before the IRS tax filing deadline. From determining applicable tax deductions and credits to assisting you in filing for an extension, we will handle everything on your behalf.

Request a consultation with our team today!