Tax Day may have passed, but that doesn’t mean your tax strategy should be out of sight and out of mind. In fact, the best time to start planning for next year’s return is right now. At Basso & Guida, we believe that smart financial planning is a year-round effort — and it starts with knowing what to do after you file.
Here are three things you can do today to set yourself up for a smoother, more successful tax season in 2025.
1. Review Your Return
Now that your taxes are filed, it’s worth taking a closer look at your return.
Ask yourself:
- Did I owe more than I expected?
- Was my refund smaller than usual?
- Did I miss out on deductions or credits I may qualify for next time?
By reviewing your return while it’s still fresh, you can better understand where your money went and what can be optimized moving forward.
2. Adjust Your Withholding
If you received a large refund or had to make a big payment, it might be time to revisit your paycheck withholding.
Use the IRS Withholding Estimator or consult with a tax professional to determine if you should update your Form W-4. Making small adjustments now can reduce surprises — and help keep more of your income throughout the year.
3. Start a 2025 Tax Folder
One of the best habits you can develop is organizing your tax documents as you go. Set up a digital or physical folder labeled “2025 Taxes” and begin collecting:
- Charitable donation receipts
- Mileage logs
- Medical expenses
- Business-related purchases
- Any tax-deductible documentation
When next year rolls around, you’ll thank yourself.
Final Thoughts
Tax planning doesn’t have to be stressful — especially when you take small, consistent steps throughout the year. At Basso & Guida, we’re here to help you stay organized, minimize surprises, and maximize your financial outcomes.
Need help reviewing your return or planning for next year?
