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, it’s not hard to 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 your IRA deposits can be completed until March of next year for the current year? Why wait to spend all of that cash now? You should make it a habit to divide your deposits equally over the course of the year. $6000 per annum is $500 per month. This amount should be added to your budget, if you are able.
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…
