Are your taxes in order? It may seem like you have all the time in the world to file your taxes, but April 15 can sneak up on you quickly if you don’t have a plan for tax preparation.
Deadline: April 15; October 15 with a filing extension
What should you do?
1. Gather all of your personal information, including Social Security number and date of birth for you and anyone else you include in your filing (i.e. your spouse and any dependents)
2. Gather all of your significant tax documents into one place, including your W-2, any applicable 1099 forms and records of taxes you’ve paid (state/local income tax, real estate taxes, personal property taxes, etc.)
3. Meet with your financial advisor to do a complete overview of your tax situation, assess how much you can expect to pay or be refunded in this year’s taxes and maximize your tax savings