Tax season: we know it rolls around the same time every year, yet it’s still not any easier to face. It’s normal and okay to struggle with getting over the initial hurdle of starting the tax-filing process. If this is you, you aren’t alone. Here’s how to get through filing taxes this year:
Prepare yourself emotionally.
Get Zen. Take a deep breath, and know it’s going to be okay. (And let out a huge sigh of relief when you remember the IRS extended the deadline (for federal, not state, returns) to May 17.)
Rip off that Band-Aid.
Treat gathering your documents and materials like a scavenger hunt, so you’ve challenged yourself to complete this task in one sitting. This will set you up for smooth sailing. And, once you get over that initial hurdle, you’re a third of the way there.
Think about your life as it applies to your finances.
To make the deadline, narrow it down to life scenarios that impact taxes (think; your schooling, philanthropy, work-life). The goal is to maximize your situation. Your tax preparer may have suggestions as well and the expertise to apply them to your filings.
Explore your filing options.
There are plenty of online tax-filing services that help you file for free. Most of these services, like TurboTax and H&R Block, also feature e-filing technology. A local tax-preparer is a great option, too, depending on your budget.
Breathe a sigh of relief.
Whether you’re celebrating a nice return coming in or coming to terms with your payment plan, set aside time to congratulate yourself!
Once you’ve recovered, think about planning for filing taxes next year. Maybe set aside the documents you know you’ll need later? But then again, that sounds like a project for the future you. And your cozy couch is calling your name.
If you’ve got goals, let’s meet! We’re here to support you and answer any questions.