Start Your Tax Prep Now
Putting off doing your taxes only increases the likelihood that you will make needless mistakes and miss legitimate deductions you could be taking. Start with last year’s tax return. If you had income or deductions on last year’s return, there is a good chance you will see the same for this year’s return. Documents including W-2s, 1099s, bank interest statements, and investment account statements can be assembled now to help support the numbers on your tax return. More practical tips follow.
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