15 Steps to Doing Your Taxes Correctly, Part 1

Here's a 15-point tax checklist from Money Central that we'll cover/comment on one step at a time:

Get serious. Unless you're focused, you're going to see that receipt six times rather than the once you need. This is all mental now. Schedule a time to get to work and commit to that time.

I keep a file of all tax information every year so when I start to work, it's all there. This system has worked for me over the past several years and is much better than the "now where is that receipt" system I used a decade or so ago. ;-)

FMF recommends: H&R Block.  Do it yourself or have us do it.  It's never been easier.

Comments

[Harrison Loke]

Tax, hmm.... seems like a problem that make us headache every year. However if we keep all the tax information neatly every year, I think our headache will be reduced. Every week, I will spend one night or possible a few hours, sit down and rearrange all my receipt, keep track my weekly money spending and etc. I prefer doing works little by little rather than rush and finish all the works at the last minute. Anyway I'm a person who try to avoid stress everyday! :-)