It’s now officially Tax Form Season. I know I have been receiving different forms – Local Tax Forms, Federal Mortgage Forms and Interest Forms, etc., just about every day! And yet I will not be getting around to do my taxes until sometime in February. So I make sure I have a place (File cabinet with folder marked Tax Forms) to put all this paperwork so I don’t forget it and I know where it is when I need it.
How do you organize for tax time? Or is it chaos at your place? Getting a bit more organized this year could be as simple as a manila folder or envelope where you can stuff everything. It’s hard enough to do taxes, so any little thing you can do to make it easier, like finding everything you need, is worth the little bit of time and effort.
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I have a folder, in fact it’s the same one that I used last year, to throw things into when they come into the mail. The biggest thing I found that helps is to look at last years tax return. Chances are 90% of the documents you used last year will apply this year (not the actual documents but the latest year version from that company) so it will give you a checklist of things you need to have in hand.