How to Prepare for a Successful Tax Season

There’s just something so fresh and motivational about January. Between New Year’s resolutions and fitness goals, renewed commitments to organization and financial responsibility, the list of things we can accomplish in January seems almost super-human.

Use this heightened motivation and momentum to prepare for tax season, too! While you’re not required to file for a few more months, it’s best practice to take a look at your taxes now so you’re not scrambling come April. There are a few steps you should take to proactively prepare for a successful tax season. Let’s take a look.

preparing for tax season
Know what you’re up against when preparing your taxes.

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Why I’m Glad I Have Someone Do Our Taxes

I’ve been lucky enough to have someone do my taxes for as long as I’ve ever had to file them.  How did I get so lucky? Because my dad has been lifelong friends with the guy that does them, and he’s always treated our family very well.

I’ve never questioned his ability, but whenever I see something I don’t understand on a tax return, I ask about it, for the simple sake that I want to understand things.

We re-financed our mortgage last year, so when I was estimating our tax return, I entered the closing costs, but when our tax return came back, this wasn’t on here.  Only a small portion was.

I knew he was correct.  He always is.  So, I didn’t sweat it and in fact I waited until after tax season was done before I dropped him an e-mail asking why the closing costs were nowhere to be found.

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