The one thing that most people want when the new tax season rolls around is a refund on their taxes paid within the tax year.
Jeff Badu is a CPA in Chicago, Illinois and offers clients and businesses full tax services including maximizing the tax refund. A recent publication of his that discussed tax refunds covers a very important element of tax refunds – how to spend them.
“Many people consider paying down debt or taking a vacation. Both are good ideas and acceptable. However, which debt to pay down is the question. Certain debts can have tax ramifications,” said Badu, the leading tax accountant of Chicago, Illinois.
Badu refers to home mortgages, often the largest debt a person will incur in their life. Paying down the principle of the mortgage is a sound idea, but this will reduce the amount of mortgage interest tax payers can use to lower tax liabilities. Badu has a much better idea for paying down debt.
“Start with the high interest, non-deductible debt like car payments and credit cards. These should be paid off and quickly if at all possible,” continued Badu, the leading CPA in Chicago IL.
Tax payers who are not sure about their best options should contact Badu for an appointment to discuss their options, tax liabilities and even how to plan for a retirement.
Badu Tax Services offers a variety of tax and accounting services for citizens in Chicago, IL. Badu’s website contains all of the information potential clients will need to prepare their tax requirements. Go to www.badutaxeservices.com for details.
Company Name: Badu Tax Services LLC
Contact Person: Jeff Badu
Email: Send Email
Address:4258 N Greenview Ave Ste 1E
State: Illinois 60613
Country: United States