Day 16: Start a Tax Prep File for 2021
Gathering up tax information can always seem a bit overwhelming.
If you create a checklist of all of the things you need to complete your taxes this year, you’ll be able to reuse that list with a few small tweaks every year going forward.
One simple trick is to finish the list, then save a copy into a new folder on your desktop called EOY 2021 (aka End Of Year).
Whenever you have an event throughout the year that is or could be tax related you’ll be able to add those documents directly into the file – making a donation at the Goodwill, or giving to a charity online…in either case, you can add that receipt (scan or photograph physical receipts) to the file. Buying or selling a home, ask the closing agent for all of the documents digitally, and add them to the file.
At the end of the year you’ll be able to download everything from your W-2 to your mortgage statement directly into that file.
Whether you do your taxes yourself or get help with them, everything you need will be ready and waiting.
_____ Start an EOY file on your computer.
_____ Decide where you’ll store your paperwork – Fab File (8.5×11 Fab File), Binder…etc.
Have you joined our 20 for 21 Challenge?
Do you want to get more organized in 2021? Then set yourself up for success and learn how you can start getting organized in less than 21 minutes!
All this month, we will be going through our list of 20 things you can do in 21 minutes or less to be more organized in 2021!
The challenge will run Monday through Friday, starting with Day 1 on January 4th and ending with Day 20 on January 29th. Each day, we will be posting either a blog post, a short Facebook Live, or photos that go with each day’s challenge.
To follow along with us, make sure you grab our FREE printable checklist!