April 15, 2020 will be here before you know it! As you know, time flies. (And as you age, I feel like time goes by even quicker. Can anyone relate to that?)
So you aren’t incredibly stressed out come April 1, here is your reminder to start doing your tax preparation now. Not only will it save you time, but it will also be less likely to cause you stress and anxiety. If you have had any major changes in your life in the past year (buying a house, getting married, etc.) it is best to start preparing early. This is because events such as those can potentially affect your tax withholding. Any important documents that you think whoever is helping you file your taxes will need, be sure to put those to the side as well.
Don’t forget that you will not receive your W-2s or 1099s until about this time. Make sure your employer and investment providers have your correct address so you will receive your W-2 and 1099 in a timely manner.
The IRS encourages taxpayers to file their taxes electronically. Filing electronically is not only quick and secure, but you will also likely receive your tax return quicker. (Be sure to have your bank account information in there so you will receive your refund via direct deposit!)