Countdown to Tax Day has really picked up this week and you have until next Tuesday to get yours in!
We typically file early, but we had to push back getting ours done this year. Thankfully, we submitted ours in time and have already gotten back our federal refund, but are now waiting for our state refund. How about you – have you filled your taxes? No?
What are you waiting for? The majority of taxpayers have already filed and with about 75% of taxpayers receiving a direct deposit tax refund of over $3,000 you could be that much closer to your own tax refund.
Worried About Tax Day?
Don’t worry. I have the essential toolkit and tips to help you reduce stress while you knock out your taxes!
Tax Day Toolkit and Tips
Now before you get serious and tuck yourself away in the home office/guest room, you’ll need a few things. Go ahead and gather these crucial items – coffee ( or tea if that’s your thing), a timer, your smartphone along with some pen and paper.
Here’s what you do:
- Have your documents in one place. Gather the essential documents you need when you sit down and do your taxes. Your taxes are based on your income and tax deductible expenses so make sure you have your W-2, any 1099s, and receipts for tax deductible expenses from last year. Your smartphone can help you keep tabs.
- Get your taxes done bit by bit. Do you think your taxes could take hours of work? Chances are they won’t, but you can use the pomodoro technique. It’s where you do focused, uninterrupted work for 25 minutes, with a 5-minute break. You can repeat as often as you need until your taxes are done. This can help you get more done in less time without feeling burnt out.
- Online filing is your friend. Yes, embrace the pajama dream – filing your taxes at home somehow makes things seem much easier. Software like TurboTax can make things a cinch. Enjoy your cup of coffee while you submit.
- File and celebrate. Once you hit send, you’re good. As you wait to get a notification that the IRS and your state received your stuff, go out or enjoy a quiet night in.
Not too bad, right? Okay, doing your taxes may not be the top of your fun list, but now with these tips you can make filing your taxes fun and easy.
Don’t worry about knowing tax rules or forms. TurboTax will ask you simple questions about you and give you the tax deductions and credits your eligible for based on your answers. If you have questions, you can connect live to a TurboTax Live CPA or Enrolled Agent to get your tax questions answered. A TurboTax Live CPA or Enrolled Agent can also review, sign, and file your tax return.
Thoughts on Knocking Out Taxes
If you’re filing taxes this week, I’d love to hear from you – what’s your game plan? Have you picked out which day you’re sitting down and submitting?
If you already filed, do you have any tips to make things less stressful?