Check out these four tricks used to get you to spend more (without you knowing it).
3 Minute Read
You’ve worked hard all day, and you can’t wait to enjoy a nice dinner at home with your family. Maybe you’ll even take a quick jog around the block before throwing in a load of laundry and tucking the kids into bed. And if there’s any energy left at the end of the night, you’d love nothing more than to settle in with a good read.
Not so fast! Uncle Sam has other plans in mind. That’s right. It’s tax season!
The IRS estimates that taxpayers spend an average of 13 hours on taxes every year. That includes everything from gathering paperwork and reading up on tax laws to completing and submitting a return.
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Let’s be honest. There are better ways to spend your time. So how can you make the most of this season without feeling overtaxed?
Don’t Wait Until the Last Minute
April 15 may feel miles away right now. But the longer that deadline looms, the more time you have to stress about it. Why do that to yourself? Follow the old adage instead: Never put off for tomorrow what you can do today. In other words, get off the couch and get started now! The sooner you start, the sooner you finish. If you owe taxes, finishing early gives you more time to get your money together before the April 15 deadline. If Uncle Sam owes you, then what are you waiting for? Put that extra money to work for you!
Get Your Paperwork in Order
Before you file, you’ll need to gather all of your tax documents. This includes your W-2s, 1099s and mortgage interest statements as well as receipts for deductions like charitable giving, childcare, education costs and home improvements.
Want to cut down on next year’s tax time? Create a folder or filing system and put important tax documents there as you receive them throughout the year. That way you’ll have everything you need in one place when it’s time to file again.
Give Your To-Do List a Tax Break
Of course, you don’t have to wait until next year to save time on your taxes. Let an expert do the heavy lifting so you can focus on the really important things in your life now. You may not be able to outsource all the paperwork, but it sure beats spending 13 hours doing everything yourself!
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Just think what you could do with that extra time. Plan a date night or two. Read another book to your kids every night. If catching up on laundry helps you breathe a little easier at the end of the day, go for it! Because when you’re not stressed about laundry—or taxes—life’s a heck of a lot more fun for everybody.
A true tax pro will save you time without rushing you through the process. Nick in California called on one of Dave’s tax Endorsed Local Providers (ELPs) when he needed help with his business taxes.
“The whole process was faster and a lot smoother than I expected,” Nick said. “We're new at this, and [my ELP] took time to ensure everything made sense.”
If you’d like to simplify your life and maximize your refund this year, Dave’s nationwide network of tax ELPs can help. Each of our ELPs has passed our extensive approval process so you know you’ll be working with the best in your area. Find a tax pro you can trust today!