Here are some essential steps to help you get prepared:

Gather Your Documents:

W-2s, 1099s, or other income statements
Business expense records if you're self-employed
Mortgage interest statements
Proof of charitable donations
Health insurance documentation

Review Last Year's Return:

Look over your prior year’s tax return to ensure you don't miss any carryovers (e.g., deductions or credits) and to identify any possible changes.

Plan for Deductions & Credits:

Don't forget about possible deductions for things like student loans, retirement contributions, or education expenses.
Consider tax credits like the Child Tax Credit or Earned Income Tax Credit.

Track Any Life Changes:

Changes like getting married, having a baby, or buying a home could affect your tax situation. Make sure you account for these.

Set Up Your Tax Payment Plan:

Estimate if you will owe taxes and start setting aside money now, or adjust your withholdings to avoid surprises.

Consider Professional Help:

Tax laws are always changing, and getting professional advice ensures you don’t miss out on any savings or deductions you may qualify for.

Don't wait until the last minute! Plan ahead to ensure a smooth and stress-free tax season. If you need help getting started, reach out to us at JCox CPAs & Advisors! We’re here to make your tax filing easy and efficient.