Preparing Yourself for the Upcoming Tax Season
Tax season is here, and you’ll need to be prepared and organized to get the best return. When you need help making your tax season as seamless as possible, allow our team at Trojan Storage to help with a practical guide for this year’s tax season.
When Are Taxes Due?
Every year, taxes are due on April 15, a day that is referred to as Tax Day. If Tax Day falls on a Saturday, Sunday, or legal holiday, the due date will be delayed to the next business day. To avoid stress, we recommend you get ahead of schedule and start filing your taxes early.
How To File Taxes
There are several steps to take to file your taxes—the first step you need to take is to decide whether you want to do your taxes yourself through a self-service tax program or a professional tax preparer. You’ll also want to ensure your information is accurate and all your files have been received.
Questions To Ask Your Tax Preparer
If you choose to go to a professional tax preparer, bring a set of questions to ask to understand your tax process better. Here are some questions to ask during your initial meeting:
- How do you charge for your services?
- Are you available year-round?
- Will I be receiving my return directly?
- If someone from the IRS contacts me, will you be available to assist me?
How To Prepare Your Own Taxes
If you’re interested in doing your taxes, you’ll first need to keep track of your pay stubs and collect your income documents when they arrive. Second, learn about which credits and deductions you can take. To make the process easier, use a self-service tax software such as TurboTax to make sure you don’t miss anything.
What Is the Child Tax Credit?
One such credit to look into is the Child Tax Credit. This credit is a tax break that helps families with children. To qualify, your child or children need to have a Social Security number that is valid for future employment in the United States. Claim this credit by indicating the number of your children and other dependents on your Form 1040, U.S. Individual Income Tax Return.
Organizing Your Tax Documents
Organization is paramount to keeping all your ducks in a row this tax season. Collect all your tax documents when they become available or are sent your way and save them when you file.
One solution for keeping your documents secure is to use a storage unit. For maximum peace of mind, choose climate-controlled storage. A climate-controlled storage unit provides a stable interior environment away from the extreme heat that can curl paper or fade ink.
Keep Your Tax Documents Organized at Trojan Storage
As tax season comes to an end, you’ll need a secure place to store your documents and supplies. That’s where Trojan Storage comes to help with our vast selection of affordable and secure storage units across several conveniently located storage facilities. Contact us or find your nearest Trojan Storage facility to get started today!