Summer fun is great—but don’t forget your taxes. Certain summer tax tips can help you prepare for next year’s return. Here’s how to prepare now, so you’re not caught off guard later.
1. Getting Married This Summer? Update Your Records.
Wedding season is exciting, but it’s also a good time to take care of important tax updates:
- Report any name change to the Social Security Administration.
- Update your address with the U.S. Postal Service, your employer, and the IRS using Form 8822, Change of Address. See page 2 of the form for detailed instructions. (irs.gov)
Making these updates early can prevent delays during tax season.
2. Summer Day Camp May Qualify for a Tax Credit
If your child is attending summer day camp, the cost may count toward the Child and Dependent Care Credit. This can help reduce your tax bill when you file. Visit IRS.gov for more on eligibility.
⚠️ Note: Overnight camps do not qualify—only day camps.
3. Business Travel in Summer Still Has Tax Implications
Even though kids are out of school, many parents are still traveling for work. If you’re away from home for business:
- Keep track of expenses.
- Review tax rules on deductible travel.
Qualified business travel may lead to deductions that reduce your taxable income. Learn more at IRS.gov.
4. Summer Jobs and Gig Work: Know Your Filing Obligations
Many taxpayers earn part-time or seasonal income during summer. Even if you don’t owe federal income tax, filing a return may get you a refund. Part-time and seasonal workers can visit IRS.gov to learn more about who should file a tax return.
Do you have a side hustle or do gig work? You might receive a Form 1099-K if you’re paid through apps for goods or services. Visit the Gig Economy Tax Center and IRS.gov/1099k to understand how this income affects your taxes.
5. Home Improvements Could Earn You a Tax Credit
Planning to upgrade your home this summer? You might qualify for valuable energy-related tax credits:
- Energy Efficient Home Improvement Credit – Up to $1,200 for upgrades like doors, windows, HVAC systems, and more.
- Residential Clean Energy Credit – Up to $2,000 for solar, wind, or geothermal installations.
Learn how to claim these credits using the step-by-step guides on IRS.gov.
Learn more about the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit.
Get Help Filing Smart
At Your Tax Solutions, we help you take the guesswork out of summer tax tips so you’re ready for tax season year-round.
Contact us today to make sure your summer doesn’t lead to surprises next spring.
