Filing taxes can feel overwhelming, but with a little preparation, it doesn’t have to be. Here are three key things to know before you file your taxes:
- Gather Your Documents: Make sure you have all the necessary paperwork, like your W-2s, 1099s, and any receipts for deductions.
- Know Your Filing Status: Are you filing as single, married, or head of household? Your filing status impacts your tax rate and potential credits.
- File Early: The earlier you file, the sooner you’ll get your refund—and the less likely you are to run into issues like identity theft.
Tip: Stay organized throughout the year. Keeping track of income and expenses can save you a lot of time and stress during tax season.
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