As tax season approaches, it’s time to get organized and stay on top of your financial game. Feeling confident about your taxes can make all the difference. Check out this to-do list and start your filing with ease and confidence!
Gather Forms
- SSA-1099 for Social Security
- 1099s for additional income
- 1095-A for government health coverage
- 1098s for reporting interest and tuition payments.
- W-2Gs for any gambling winnings
- Schedule K-1 for company ownership
Round-Up Receipts
Gather all receipts for business, medical expenses, and other expenses that can be listed on your Schedule A or Schedule C.
Find Last Year’s Tax Return
Gather all receipts for business, medical expenses, and other expenses that can be listed on your Schedule A or Schedule C.
Organize Personal Information
- Social security number of dependents and spouse
- Addresses of all property you own
- The exact date of when the property was bought or sold.
Count Charitable Contributions
Fillers who choose a standard deduction may be eligible to write off up to $300 in charitable contributions.
Think About Your Refund
Consider what you plan to do with your return once you receive it. You have the option to apply your payment towards next year’s tax bill if you’d like.
Your Financial Professional
As we wrap up our tax season checklist journey, remember that you’re not alone in navigating the intricacies of taxes. As your trusted financial professional, I’m here to offer ongoing support and guidance to ensure your financial success. If you ever find yourself needing a review of your tax strategy or simply want to discuss your financial goals, don’t hesitate to reach out. Together, we’ll navigate the ever-changing tax landscape with confidence and clarity. Here’s to a prosperous tax season and a bright financial future ahead!
ℹ️ This information is being provided only as a general source of information and is not intended to be the primary basis for investment decisions. It should not be construed as advice designed to meet the particular needs of an individual situation. Please seek the guidance of a financial professional regarding your particular financial concerns. Consult with your tax advisor or attorney regarding specific tax issues.
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