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Today we are talking taxes which some of you dread, but know that organization is the key!!
KEY TAKEAWAYS
- Gather all the annual tax documents you've received that record your taxable income and deductible expenses, most of which will arrive by the end of January.
- Collect all your receipts and organize them by category if you itemize your deductions.
- You don't need to bother with the receipts if you use the standard deduction.
- Dig out a copy of last year's taxes for reference.
The better organized your records are, the less time it will take a preparer or you to process your taxes.
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