Keeping track of your tax obligations throughout the year can save you money at filing time in 2023. It’s time to start right now, and we show you how.
Probably the last thing you want to think about when you’ve just filed your taxes for 2020 is your 2021 taxes. Even if your prep for the past tax year went well, it’s nice to not worry about taxes for a while. But as the overused cliché goes, income tax preparation should be a marathon, not a sprint. It’s something you should be thinking about and planning for year-round.
Now is the perfect time to start, while this past year s tax issues are still fresh in your mind. After all, your current financial activities will impact your returns next spring. And you want them to have the right kind of impact, if possible. Note that if you