Never too early to plan next year’s tax return

Photo Courtesy: MGNonline

NORTHAMPTON, Mass. (WWLP) – Most of us are relieved tax season is behind us, but the IRS says this may be the perfect time to start thinking about next year’s tax return. 22News is working for you with some tips for planning ahead.

Unless you filed for an extension, you’ve already fulfilled your yearly obligation to Uncle Sam. But the IRS says it’s never too early to plan ahead.

They recommend keeping track of all major changes in your life that may affect the way you file taxes; like getting married, having a child, or buying a home.

Some other tips: put last year’s tax documents in a safe place in case you need to refer to them, start shopping for a tax preparer, and see if you can lower your taxes by itemizing your deductions.

David Weidenfeld of Easthampton told 22News, “I’m usually relieved that I’ve gotten through doing everything I need to do for the past year’s taxes. I’m aware of donations I make; I usually keep a record of that. But in terms of other forms and things like that, I don’t concern myself with it at this time of year.”

Finally, tax laws change every year… it’s a good idea to pay attention to changes, or have a tax preparer who’s up to date.

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