Gather essential documents like W-2s, 1099s, mortgage interest statements and receipts for deductions. Keeping them organized reduces stress and ensures you have everything needed for accurate filing.
If your deductible expenses (e.g., medical expenses, mortgage interest, charitable contributions) exceed the standard deduction, itemizing may yield greater tax savings. Compare both methods to determine which is best.
Financial advisors with tax expertise can be a valuable resource throughout the year, but especially at tax time. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.