Be honest. Is This you: Every year when it’s time to file taxes, you’re scrambling like a maniac trying to find everything you need to file by April 15th? Oh my goodness, that’s so stressful! Tax time doesn’t have to be a manic, anxiety-inducing process. In fact, the earlier you start implementing habits to make for a successful tax season, the better off you’ll be.
Trust me, I understand. You think you have plenty of time, only for time to fly by and once again, you’re scrambling. Well, let’s vow to be done with those old ways! This is the best time of year to prepare for tax season. Continue reading to learn 5 winter money tips that will make tax season easy. Yes, it’s very doable!
#1 Catching Up on Your IRA Deposits
Did you know that you have until March next year to complete your IRA deposits for the current tax year. Don’t wait to get all your cash. Split your deposits evenly throughout the year. $6000 per year is equivalent to $500 per monthly. If you can, add this to your budget.
If saving throughout the year doesn’t work out as planned, reviewing your deposits in the winter time and catching up while you can will still be beneficial. Again, we don’t want to wait until the…