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Keep your tax documents organized
When it comes to clutter, the federal government has all of us beat. The tax code alone is over 60,000 pages and continues to grow by leaps and bounds. I’m not going to even begin to tell you how to do your taxes. There are professionals who, fortunately for us and unfortunately for them, dedicate their lives to filing taxes.
If you are single and have little to report on your taxes other than a W-2, you can easily use e-File. Unfortunately, I don’t have that luxury. If you’re not in that category, you can purchase a program like Turbo Tax, in hard copy or by download, and take the time to do them yourself. Personally, I prefer to use an accountant.
Your tax documents currently should be trickling in from your employers and investments. My wife and I put our tax documents into a marked file folder with a checklist of everything we expect to receive. (Each of our W-2s, our home mortgage interest document, savings interest, etc.) Once we receive all of our documents, we makes photocopies of all of them. The photocopies can be a life saver, the way they were for us a couple years ago when our car was stolen with our tax documents inside of it.
These are just a few tips that may make your tax preparation a little less hectic. Try and get everything in order in a timely manner, and you may just get through another tax season with a little less anxiety.
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