How to Be More Prepared for Next Tax Season
Adulting is hard.
Why is it that colleges don't offer classes on what a 401K is, how to change a tire or jump your car, how to grill a perfect steak or how to file your taxes?! Instead of being prepared with real life skills, I know the theory of rhetoric and major European arts movements. Super useful as April's tax season creeps up on me.
2017 marks my second dreaded independent tax season. Between tracking my expenses from the last year, sorting through W2s and getting the paperwork done (really IRS, can you talk in layman's terms...?!), filing taxes honestly scares me and feels pretty daunting during my free time. I know I need to get things done, but sitting around on a sunny Saturday afternoon figuring out what I need and what I don't...well, it doesn't sound ideal to say the least. To top it off, I definitely don't have the budget to let anyone else handle my taxes and take care of it for me. Yikes.
Well, luckily this year (and hopefully for tax seasons to come), I discovered a few digital tools that helped ease the process and let me painlessly plan ahead.
While tax season is creeping up on us full force, here's a few handy tricks I discovered this year to help you plan and prepare for the 2018 season:
- CVS Pharmacy Digital Receipts: My wallet thanks me for this as it is no longer crowded with dirty old receipts. CVS Pharmacy Digital Receipts track any Flexible Spending Account (FSA) expenses and keep all receipts organized in one place. After you sign up in your nearest CVS, you can receive digital receipts via email everytime you shop at CVS Pharmacy.
- TurboTax: This app is amazing and feeds into my type-A personality. It has easy to follow, step-by-step instructions and a checklist! There's in-app assistance to provide answers to questions or concerns, too!
- Mint: Mint helps me track my expenses throughout the entire year. I've set a budget that auto-connects to my bank account to categorize any charges. Not only did this help me with taxes...but I realized how much money I spend on coffee. Oops.
- MileIQ: Mileage Tax Deduction, for the win! With MileIQ you can log your commuting miles, business travel and any medical mileage. I'm all for getting the most out of my driving.
Taxes and real life skills will honestly probably confuse me until I hit my 40s (let's be real...), but thank goodness for digital tools that keep me organized, on track and accountable.
Now...what should I spend my refund on?!