Summer Activities That Can Impact Your Taxes

Certain summertime fun might help lower your taxable income.

pink neon sign spelling out summer
(Image credit: Getty Images)

For many, summer is a time for relaxation, fun, and adventure. But did you know that certain summertime activities might affect your taxes?

The IRS has identified five things you might do this summer that could impact your taxable income next year, along with some tax planning tips to help you navigate them. Here they are.

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Kelley R. Taylor
Senior Tax Editor,

As the senior tax editor at, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.