How Parents Can Prepare for the Tax Season

How Parents Can Prepare for the Tax Season

Tax season is always a challenging season for parents. They have to determine how  they are going to integrate taxes with everything else they are encountering in their day-to-day life. From the new baseball games and graduation activities to prom and meetings with teachers, parents are busy. Parents should consider keeping the following tips in mind when preparing for their taxes.

1 - Place all of your tax items in a separate zipper folder. Your important tax items can remain there until they are ready for your Tax Date.

2 - Set aside specific dates and times for your Tax Date. This date needs to be added to your schedule on your phone or in your planner. You need to keep your date and avoid being late.

3 - Consider a night date. After the kids are asleep, you can simply turn on your computer and get ready for tax season.

4 - Know about your tax deductions. Each year, many individuals fail to identify relevant tax deductions until it is too late. You do not want to leave any relevant tax deductions on the table.

5 - Have a family member check your work and to highlight any potential deductions that you missed.

6 - Call your childcare provider. Sometimes, they forget to send receipts for your childcare and these are definitely needed for your taxes.

7 - Talk to your accountant early! Do not wait until it is too late.

8 - Save your work from this year to prepare for next year’s tax season. Work smarter and not harder to prepare for taxes.

Keep these in mind when you are preparing for the deadline of the year. Avoid those late fees and plan to have a great tax season.

Have a great week and plan for the weekend!


The @WeekendsCount Family!

About Weekends Count - Weekends Count is a Millennial Family Travel, Fun, Food and Activities blog based in the Dallas-Fort Worth area in Texas. We review hotels, travel and household items, and millennial family experiences!

Authors - Jennifer and Tony Edwards

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