FML partner Eliot Bassin was quoted in an article in the July, 2025 issue of Kiplinger Personal Finance about how even though people aren’t generally thinking about their taxes in the summer, a midyear review of your situation is not a bad idea.
The article begins with Bassin’s quote:
During the lazy dog days of summer, taxes are probably the last thing on your mind. But the middle of the year is an ideal time to review your 2024 tax return and look for ways to lower your 2025 taxes before the months fly by.
“A midyear tax checkup can help you avoid unintended surprises later, during the filing season,” says Eliot Bassin, a certified public accountant in Avon, Conn. “We don’t want people hearing information for the first time in April, when a tax bill needs to be paid.”
The rest of the article gives advice on such matters as paycheck withholding and estimated taxes, retirement plans, health insurance tax credits, health care saving and spending accounts, charitable donations and long-term planning. Click here to read the full article, which starts on Page 9.