Did you know that you may be able to deduct certain taxes on your federal income tax return? You can receive these deductions if you file Form 1040 and itemize deductions on Schedule A. Deductions decrease the amount of income subject to taxation. 

As a client of SS&C we can provide you a copy of your tax return at any time.  In addition, by utilizing our online client portals you can simply retrieve a copy of your past tax returns at anytime, from anywhere, even your banker’s office!

If you want to get a copy of your tax return, directly from the IRS, there are two easy and convenient options for obtaining copies of your federal tax return information - tax return transcripts and tax account transcripts - by phone or by mail.

The start of the school year is a good time to remind parents, students and teachers to save all receipts related to tax-advantaged education expenses. Good recordkeeping is essential and helps to avoid missing a deduction or credit at tax time. 

Newlyweds and the recently divorced should ensure the name on their tax return matches the name registered with the Social Security Administration. A mismatch could unexpectedly increase a tax bill or reduce the size of any refund.