It's tax time! Whether you are getting a tax return to add to your "mason jar of money" or not, tax season can be one of tension. To help keep stress levels low, here are three tips as you prepare to get those taxes filed.
1. Preparation is key! Keep good records all year long and make sure you have all the documents you need BEFORE you sit down to file. Whether your tax documents are mailed to you or e-delivered, make sure you have everything you need. Having to stop mid-process to find that one tax form you could have sworn you put right on top of that pile will only cause panic and delay the process.
2. Know your deductions! Even if you are using a tax professional, do some of your own research on deductions/credits that you and your family may qualify for to get the most money back! Honor's website has a list of quick links to help you with this.
3. Take advantage of your resources! If you are planning on preparing your taxes yourself, take advantage of programs like TurboTax that will walk you through the steps. (By the way...you can find a discount to TurboTax on Honor's website!) If you are having someone help you file your taxes, make sure they are qualified! The IRS suggests that you confirm your tax preparer has a "Preparer Tax Identification Number" and enters it on your return filed with the IRS.
Filing your taxes isn't anything that should scare you, and by following the tips above you can make sure you are ready! Listen to the full Mason Jar Monday episode on a stress free tax file below!
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