If you make non-cash donations, such as clothing and household items, to charitable organizations, you will be eligible for a deduction equal to the fair market value of the item. Such a donation will benefit not only you, but also the individual who receives it. Apply for a Social Security number for new dependents. The requirement to list the Social Security number applies in 1995 to any dependent born prior to Nov. 1, 1995. If you need a number for a new dependent, file Form SS-5, application for a Social Security card.
Many hospitals keep a supply of the forms for new parents.
Make contributions now to retirement accounts such as IRA, SEP or Keogh. You'll be able to defer taxes on these earnings sooner. This is a good time to check the amount of your income tax withholding and any estimated tax payment to determine if either should be modified before year's end. This is especially true if your marital status or dependents have changed. For questions or information about this page, contact Kay Fike Jones .