Tax season is upon us and time is ticking to get them finished, so here are few tax filing tips to make the process easier for you.
Filing your taxes last minute means that you miss out on some great tax opportunities for a better return. There’s still plenty of time for you to get the maximum on your return. Complete your tax forms with these helpful tips, and you may see a rather generous return on your taxes.
- Collect All Receipts – There is no worse feeling than turning your house upside down, frantically looking for all receipts that can get you the maximum return. Instead, collect and store all of your receipts in a folder or binder and organize them by category, date, and name. This will make them that much easier to find when filing your taxes.
- Think About Major Life Changes – Did you get married, have children, buy a house, or go back to college? If so, this will affect your tax status and could open up new credits/deductions. You need to contact the IRS immediately to change your status if your old records did not reflect these changes.
- Donate to Charity Now – While it is too late to make a difference for this tax season, donating to charity can lead to some great deductibles. Just remember that the organization to which you donate must be qualified with a 501(c)(3) status. Just be sure to keep the receipt of your donation because you will need it later.
Your taxes are an important part of your life, whether you want them to be or not. It pays to know how to file them and how to make filing them easier. Contact the professionals at Lou Aggetta Insurance Services, serving Pleasant Hill and neighboring areas with quality policies in California!