Tax Season Checklist: What to Do Before You File

Tax season can feel a little overwhelming, but a little preparation can make the process much easier and less stressful. Taking some time now to get organized can help you avoid mistakes and make the most of your return.

Start by gathering all the documents you’ll need. This usually includes W-2s, 1099s, records of interest earned, and any paperwork for extra income, like freelance or side work. If you made charitable donations, paid student loan interest, or covered childcare expenses, keep those records handy. These may help you qualify for deductions or credits.

It also helps to review last year’s tax return. Looking back can remind you of deductions or credits you claimed before and make sure your personal information is current. Check that your address and bank account information are up to date, especially if you plan to receive your refund by direct deposit.

Next, think about how you want to file. Some people use online tax software, while others prefer a tax professional. Free filing options may also be available depending on your income or filing status. It’s also a good idea to understand the difference between deductions and credits. Deductions reduce your taxable income, while credits reduce the amount of tax you owe.

Finally, consider how you’ll use any refund. Many people choose to build savings, pay down debt, or prepare for upcoming expenses. Filing early and using trusted, secure services can also help protect against fraud and make the process smoother.

Disclaimer: This article is intended for general informational purposes only and should not be considered tax, legal, or financial advice. Individual tax situations may vary. For guidance specific to your circumstances, consult a qualified tax professional or financial advisor.