As part of your tax planning strategy, you need to consider Life Events (Family Risk Management) which ultimately impact your taxes or the amount you save in taxes.
Below are a summary listing of categories the IRS look at.
- Education
- Enroll in School
- Qualify Tuition Plan
- Received Scholarship & Fellowship
- Home
- Bought a Home
- Foreclosure
- Debt Forgiveness
- Refinance Mortgage
- Sold a home
- Home Office
- Family Matters
- Financial
- Personal Expenses
- Health Savings Plan
- Charitable Contributions
- Medical Expenses