Deduct tax preparation from your to-do list so you can enjoy a day out. Photo: American Ratings Corporation, 2015
Like house painting, preparing to prepare your tax return comprises the bulk of the work. With good preparation, actually completing your tax return is a piece of cake. If you’re one of those people who carefully manage tax documents all year long, pat yourself on the back. If you’re like those of us who find tax preparation painful at best, read on.
First: Organize
Whether or not you’re using a tax preparer, having organized paperwork will make all the difference. As your W-2s, mortgage interest statements and bank paperwork arrive, put them in a large, well-marked envelope. Ideally, throughout 2014, you’ve done the same with all of your receipts for tax-deductible expenses (if you haven’t, don’t worry—we’ll cover that in a minute).
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