Summer Activities That Could Affect Your Taxes

Summer is a time to enjoy the sunshine but it’s also a good time to think ahead about how your plans might affect your taxes next year. Here are some common summer situations and what they could mean for your return.

Getting Married?

If you recently tied the knot, make sure to update your name and address to avoid tax-time issues.

Report name changes to the Social Security Administration.
Submit Form 8822 to change your address with the IRS.
Also notify your employer and the United States Postal Service.

Sending Kids to Day Camp?

While overnight camps don’t qualify, the cost of summer day camp may count toward the Child and Dependent Care Credit, helping reduce your tax bill if you’re working or looking for work.

Traveling for Work This Summer?

If your job sends you on the road—even in summer—you may be able to deduct certain business travel expenses. Keep detailed records and review the IRS guidelines to know what counts.

Earning Extra with a Summer Job or Gig Work?

Even if your income is low, you might qualify for a refund by filing a tax return.
Doing side gigs or getting paid through apps? You may receive a Form 1099-K for goods and services sold. Visit the Gig Economy Tax Center to learn how this income affects your taxes.

Making Energy-Efficient Home Upgrades?

Did you install new windows, a water heater, or solar panels this summer? You may qualify for up to $3,200 in tax credits for eligible improvements. These include:

Energy Efficient Home Improvement Credit
Residential Clean Energy Credit

Visit the Home Energy Tax Credits page to learn how to claim them.

Need Help?

Summer activities can have year-round tax effects. If you’re unsure how they apply to you, a trusted tax preparer can help. Use the IRS directory to find a qualified professional in your area.

And if you’re part of the blind or low vision community, Penny Forward is here to help you understand and take control of your financial future.

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Summer Activities That Could Affect Your Taxes