Federal taxes are normally due on April 15, yet every year people are late to submit the proper forms. Missing tax forms and long lines at the post office can leave many people scrambling to meet the deadline. Why wait until the last minute to file your taxes? Here are three helpful tips to make sure you never miss another IRS deadline.
Stay organized
It’s easy to finish your taxes on time when you’re organized. Keep tax forms you receive throughout the year together in a central location and file them into separate categories, such as mortgage, income, and assets. Keep track of the forms you’re still missing a few months before the deadline. You might have to download some forms and print them yourself.
Start early
Most employers and financial institutions mail W-2 and 1099 forms at the end of January. You can begin filing your taxes as soon as you get the forms. If you’re expecting a refund, you’ll see your money much sooner if you file early. If you opt to receive your refund via direct deposit, you can usually receive your money in less than ten days.
Use software
There are several different tax programs and software to take advantage of when filing your taxes. Most programs are easy to use and will save your information as you enter it. Tackling one section at a time instead of waiting until the last minute can minimize stress and keep you focused. Software programs can also alert you about any potential errors in your paperwork before you press “submit.”
Tax day doesn’t have to be a stressful experience if you start planning early, and if you find that you do need extra time you can always apply for an extension.
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