Happy New Year! It’s a new year, a new you, and a new time to do things differently—like your taxes. Tax-filing season is officially here and there are many things you can do to be prepared and organized. Here are a few simple tips that can help you save time, stress, and money:

 

• Print out a tax checklist such as one here to help you gather all the necessary documents needed to file properly.
• Keep all tax-related documents that come in the mail. Be sure to carefully distinguish your mail to avoid throwing out any tax-related documents.
• Sort through all of the receipts collected throughout the past year.
• Group similar documents and file them into separate folders such as: pay stubs, W-2s, 1099s, interest statements, dividend statements, medical expenses, etc.

Preparing for taxes can seem overwhelming. It pays to stay organized during this time.

 

 

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