Jumpstart Your Taxes: Get Ready for Tax Time!

[KarenL]

Be prepared and make tax preparation a breeze! Imagine how beneficial and stress-free it would be to not rush around last minute gathering your tax info. You can begin by making a list of what's changed since last year and gather your supporting documents. Was there a change in marital status, dependents, or maybe a move?  Did you sell any investments, receive an inheritance, or start a business?

The following resources will help you plan and get organized:

• Tax Preparation Checklist - Start here and get your free downloadable PDF tax checklist.
• Last Minute Tax Tips & Money Strategies - Ways to reduce taxes or make smart end–of-year money decisions.
• Tax Deductions and Credits Tax Tips - Worth a look! Links to many articles on deductions/credits. 
• Update Mailing Address - Avoid headaches and delays by updating your address with the IRS, your employers, and all financial institutions.
• Get started with TurboTax Online - Filing season opens toward the end of January, but you can take a peek and get ready now!
• Form Availability Dates - Select 1040 Individual (in the dropdown) for personal taxes, then go from there.

Bonus Resources:

• How do I file if I moved to a different state last year? - Know your dates and income splits.
• What self-employed expenses can I deduct? This is a great list based on common industries! Start now by gathering receipts and categorizing deductions.

If you need tax advice or have questions that aren't answered in the links above, please ask in our Taxes forum that best fits your needs!