[This post is part of the TaxACT #BeatTheDeadline blog tour which shares tips on how to make tax time a smooth and easy process before the April 15 tax filing deadline. TaxACT provides the tools and guidance to help you confidently file taxes easy and fast. Do your own taxes today at TaxACT. You got this.]
Around two weeks ago, I finally finished filing my taxes.
It was an all day affair and while I was still somewhat early, it was still too close to the tax filing deadline for me since my taxes are a little more complicated than past years.
It was stressful, hectic, and I'm still a little mad at myself for not being more organized when it comes to filing my taxes. This is especially true because I talk about being organized and saving time a lot here on Making Sense of Cents, and then here I am not taking my very own advice!
If you haven't filed your taxes yet, I want you to know that while the tax filing deadline is less than one week away, you still have time to complete your taxes before the tax deadline in 2015!
Below are my tips for beating the tax filing deadline and filing your taxes ASAP.
Gather and organize your financial documents NOW.
If you haven't yet, you should gather and organize your financial documents as soon as possible. This means gathering documents and records such as:
- Previous tax returns;
- Education-related payments;
- Self-employment information such as 1099s, business expenses, any record of estimated tax payments paid, and so on;
- Rental property records;
- Form 1095-A, Health Insurance Marketplace Statement, if you have health insurance through a health exchange;
- Form 1098 if you own a home and you paid over $600 in interest;
- Charitable donation records and so on.
Gathering everything you need will make filing your taxes much more easy. This way you don't have to run back and forth trying to find things while filing your taxes at the same time. It also makes it less likely that you will forget to include something!
Determine how you will file your taxes.
If you have a simple tax situation, then filing your taxes online can work out very easily. With companies such as TaxACT, you can file your taxes online and for free.
Seek help if you need it.
If your tax situation is a little more complicated or you are just unsure what to do, then you need to seek help immediately.
Many tax offices are swamped during this time of the year because so many people are in the same situation as you are – they waited until the very last moment to file their taxes.
So, even though there is only one week left, it is much better to go into a tax office today and get help rather than going in on April 14th or April 15th.
File an extension if you can't make the tax deadline for 2015.
If you can't make the tax filing deadline, then as a last resort you may need to file a tax extension.
Just remember that you still need to pay your full amount in taxes. Just because you file a tax extension does not mean that your tax bill is extended as well, only your actual tax return is extended. This is a mistake that many people make when filing for their first tax extension.
Have you filed your taxes yet or are you waiting for the last moment for the tax filing deadline? Are you happy with your tax situation this year?
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