Many of us dread this time of year, but tax time doesn’t have to be that bad. Hopefully, you’ve hired Savvy Solutions to organize your papers using our FreedomFiler. That makes tax time a snap. But if you haven’t hired us to organize your tax papers, (what are you waiting for) here are a few time and money saving tax tips to get you to thru.
Don’t procrastinate. Get your receipts and paperwork together now to avoid last minute mistakes in April. Additionally, the sooner the tax agency gets your return, the sooner it can process it and get your refund on its way to you.
Get ready for the arrival of your records. When your W-2s, investment statements and other tax-related documents arrive, create a collection point and put them there. It’s as simple as a large envelope, but assign them a sensible home so they are ready when needed. (See our previous blog on action files)
Research your deductions. There is money left on the table so make sure you are taking every legal deduction you can.
Hire someone to help you. There is a great book called The Organizing Sourcebook by Kathy Waddill; it says to hire people to help you do the tasks you can’t or don’t want to. Most of us are not tax experts so let the experts get you the greatest refund possible.
Use direct deposit. Regardless of how you file, have your refund check deposited directly into your bank account.
Tax time is survivable. Relax and stay calm this tax season.
Christa Patchen Wagner/ Savvy Solutions Organizing, INC / Professional Organizing/Coaching/Seminars
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