January usually means a New Year, a fresh start. Along with
that comes workout/getting healthy resolutions, budgeting goals, & planning
for the year to come. Something a little less exciting also comes in January…Tax
Season. I know right, who wants anything to with taxes…especially on Monday
(maybe some of you are off for Martian Luther King Jr. Day! YAY!).
But let’s face it…if y’all are anything like me you haven’t
even started thinking about it much less anywhere near prepared. That’s why I
thought it would be great to help out a little! I am sure most of you are list
makers! {How do people get things done without them?!} So I’ve prepared a
little list of important things AND posted a printable worksheet to keep you organized!
{The only thing better than a list is worksheet, right?!}
So lets get started. There are lots of things you’ll need to
gather up to prepare your taxes. Whether you’re doing them yourself or are
taking them to a professional, you’ll need to get this stuff together…
- Personal
Information:
These are pretty basic but essential pieces of information you’ll need to
begin your tax preparation.
oSocial
Security Number
oSpouse’s
and/or dependents Social Security Numbers
oLast
Year’s tax return
- Financial Information:
These are things you tell yourself you need to keep all year but when the
time comes, you can’t quite find it. Yep…we’ve all been there. Good thing
you’re starting now!
oEmployment
W-2s
oIncome
statement for any self-employment (if applicable)
oInformation
for any taxes you have paid during the tax year (property tax, sales tax, etc.)
oMortgage
interest statement if you own a home
oCollege
tuition statements, student loan interest, & education expenses for you
college students (or parents) out there.
oRetirement
account contributions or distribution documents
oCharitable
donations made throughout the year
oMedical
expenses & any medical savings account contributions
oJob
search expenses or moving related expenses
oInformation
on dividends or interest income earned
The printable worksheet that you can download below will include spaces
for you to fill in the above information as well as other categories that you
may not think of. This document is something I started using a while back and I
honestly don’t remember where I found it. I am all about giving credit where
credit is due so if one of you know where the original source is I would love
to link it!
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| Download Tax Worksheet |
Taxes are not the most exciting thing in the world – in fact
they may be the furthest thing from that – but they’re necessary! Getting
organized is essential and hopefully you can take of advantage of starting
early…after all, the early you get them filed, the earlier you might receive your
refund!
I hope you each have a great week and are pumped about
Bachelor Monday!
Frankly My Dear…worksheets make everything better!
