Stonegate Capital Advisors Offers 2016 Tax TipsTo get a jump-start on planning for tax season next year, Stonegate Capital Advisors offers tax strategies to implement throughout the year.

Stay organized First, it is important that individuals stay organized when it comes to their

tax documents. Many individuals find themselves scrambling for receipts and other papers mid April. This can bring on a lot of stress, and if individuals are disorganized with these documents, it may mean that they are missing important deductions. 

Stonegate Capital Advisors says that it is important for everyone to start getting organized as early as possible. Receipts for business or home renovations supplies, investment paperwork, and records of charitable donations should all be kept in a safe place where they are easily accessible when tax time comes around again.

Charitable contributions  Gifts of money to qualifying charitable organizations can be deducted,

and Stonegate Capital Advisors would like to remind everyone that donated items can be tax deductible as well. Individuals should keep track of the items and monetary amounts that they donate throughout the year, keeping itemized lists and receipts.

Too many individuals do not remember until tax time that they have made these donations and have lost track of their contributions from earlier in the year. Individuals should also be especially organized during common giving times such as the Christmas season. Individuals should also educate themselves on what kind of paperwork is needed for donations of high valued items. Special documentation may include appraisals or special acknowledgements from the charity that has received the donation. Staying one step ahead will ensure that people can count all of their charitable deductions when tax time hits.

Strategizing for tax season early When people start strategizing for tax season early, they can see bigger

returns in the coming year, and feel confident about this stressful time. When they take advantage of these helpful hints and tips from Stonegate Capital Advisors, they can also feel confident that they will dominate tax season.