Prepare for Tax Season With These Organization Tips

As tax day 2020 approaches, you need to stay organized if you want to file everything accurately and save as much money as possible. Here are some tips you can use to make sure you are fully prepared.

Declutter Your Workspace

You can prepare your taxes a lot more easily when your workspace is not cluttered with old junk mail and knickknacks. One of the first things you should do before filing paperwork is to set up a home office where you can work without distractions. Put items you do not use frequently in storage to make extra space, throw away trash, and stock up on office supplies. 

Digitize Your Receipts

One great organization hack that will help you cut back on the amount of file storage you need is digitization. Scan all your tax receipts and save them on your computer and in a cloud-based storage account. You can easily label documents and save them in folders based on dates, so they’re easy to find when you need them.

Gather All Important Documents

You can save time by not having to hunt down important documents. Make sure you have your social security ID and the social security number for any spouses or dependents. Gather all related forms for income, like W-2s and 1099s, and find any information on your investments or other finances.

Keeping on top of home office organization ensures that you do not forget anything important or miss major deductions. With these tips you’ll be ready for tax season.