Experts offer tax preparation tips as tax season gets underway
SAVANNAH, Ga. (WTOC) - It’s the beginning of a new year and that means it’s time to get your taxes in order.
Tax experts say now is the time to prepare to have your taxes filed. They recommend you begin collecting all the proper documents and be sure to put them in a safe place.
Some companies or institutions may provide your important tax documents online rather than sending them to you in the mail - so check with your organization to see how they will be providing this year’s documents.
If you’re concerned you may owe the government this year, tax experts say it may be too late to figure out how to lower what you owe. They say that discussion should have taken place back in November, so this year you may want to add financial planning to your New Year’s resolutions.
Many firms are beginning to take appointments for people wanting to have their taxes prepared professionally.
The IRS lists several ways to have your taxes done for free on its website. Click here to find out more.
The deadline to file your 2020 returns is April 15, 2021.
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