At Monte Hewett Homes, we like to send out this friendly reminder to all local residents about the importance of filing yearly taxes. It is always better to get your taxes completed early, but with the daily juggling act that most families perform, sometimes doing your taxes is put on the back burner. Not to worry, there is still time. Plus Uncle Sam is willing to wait.
If you follow these tips, you may find procrastination a little less maddening as April 15th draws closer. Gather all of your tax information and keep it in a neat, easy to find folder. Documents such as W-2s and other income related forms should be accounted for. Next make a list of deductible expenses and check it twice. If you made charitable donations last year, write a list of your generous contributions. You should also make note of all investment income.
Homeowners have a little extra to remember. Don’t forget your mortgage information. As a homeowner, it is important to include mortgage interest, real estate taxes and other qualified itemized deductions. And what about money you can receive from the government? There are some tax credits available to first time home buyers. Don’t pass up a chance to have better tax return.
Let’s face it, no one is thrilled about doing their taxes, but staying ahead of the deadline is better than falling behind. Start your tax preparation early each year and have more springtime fun.