Tax Planning Tips to Help Stop Procrastinating (on Your Taxes) Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by Elle Martinez Published Sep 18, 2023 2 min read Reviewed by Katharina Reekmans, Enrolled Agent As we enter autumn here in the United States, there’s another milestone coming up soon. October 16 – the tax deadline for filing your 2022 tax return. If you’ve been procrastinating on filing your taxes, you’re not alone. According to the Chamber of Commerce, 31% of Americans say they procrastinate and wait until the last minute to file their taxes. Interestingly, the younger generation tended to file their taxes earlier than their older counterparts. Besides procrastination, some are delaying getting their taxes completed because they are worried about getting them done correctly. Fortunately, there are ways to help with both. Tips on Getting Your Taxes Done If you’re worried that you won’t get your taxes done on time, here are a few tricks you can use to get it completed and off your already full plate. Create Your Own Deadline: October 16th is the official tax deadline, but you can do yourself a big favor and pick an earlier date to be your deadline. Mark it on your calendar (offline or online), and make sure it’s listed as a big event. You don’t want to miss the date. Just think of it this way – the sooner it’s over, the sooner you can relax. Break It Down: Do you feel overwhelmed by the amount of work ahead of you? Break it down into little pieces of work. Get your W-2s in one day, take care of your 1099s the next, and so forth. When we were doing our taxes this year, I simply entered the information bit by bit into TurboTax online as it came in. No stress, no mess. Enlist an Accountability Buddy: If you need a bit of a push, ask a friend or relative to keep tabs on you until you have filed your taxes. Try out any one of these tips starting today, and add another if you need a bigger boost. Don’t avoid filing your taxes even if you didn’t properly file an extension. You may be missing out on a nice tax refund. Thoughts on Tax Extensions Please remember that the tax extension is an extension of time to file and not an extension to pay. If you owe money and you don’t have the total amount, please go online to IRS.gov or call them (800-829-1040) to request an Online Payment Agreement and get on a payment plan. If you have any questions, please leave it in the comments below. I’d love to hear from you about how you’re doing this year. How many of you had filed an extension for your taxes? How many of you still need to file before the deadline? What is the biggest barrier for you? Previous Post What is the Saver’s Credit? Next Post Everything You Need to Know About Property Taxes Written by Elle Martinez Elle helps families at Couple Money achieve financial freedom by sharing tips for reducing debt, increase income, and building net worth. Learn how to live on one income and have fun with the second. More from Elle Martinez Visit the website of Elle Martinez. Follow Elle Martinez on Facebook. Follow Elle Martinez on Twitter. One response to “Tips to Help Stop Procrastinating (on Your Taxes)” Just be sure you are in a top-quality mood that may aid your writing in a specialist aspect. I happen to believe that apostrophes have spent so long being either ignored or abused they now deserve a mention of these own. news http://whatdomean.com Reply Leave a ReplyCancel reply Browse Related Articles TurboTax News Top 10 Procrastinating Cities Tax Tips How to File an Extension: A Step-By-Step Guide Tax Planning Missed Tax Extension Deadline? What You Need To Know Tax News Extension Filers: The Tax Deadline is Today Tax Planning Six Tips to Beat the October 15th Extended Tax Deadline Tax Planning What You Need to Know About Filing an Extension Education 6 Common FAFSA Mistakes [Infographic] Tax Planning 10 Things You Need to Know About Filing a Tax Extension TurboTax News Guide to Filing Taxes on Mobile Phone or Tablet Tax Planning Did You Miss the Tax Deadline? 3 Steps You Can Take Nex…
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