Tax season is HERE, and there is truly no time like today to begin pulling reciepts and such together. Come on, you know that if you procrastinate, you will be tired and grouchy, and mad at yourself for waiting until the last hour - again. So, why not do something different, and then sit back and watch everyone else around you hurrying to get theirs done! Set a date and time (at least two hours) to pull things together. Then call whoever does your taxes and set an early date to get in and get it all DONE. Or get a computer program and do it yourself? Is the short form really the way for you to go? Or, should you itemize your 2006 tax year?
If you get money back, it is to your advantage to do your taxes today - think of all your money earning interest in a short term CD...just until you find something TRULY better to do with it! I mean...I truly believe that you CAN find another means to get caught up on your bills without using your tax money, and you really DON'T need a new TV that bad - do you? Begin saving more money today; take the first step (if you have not already done so) and begin to put some aside for retirement (open a Roth IRA at a bank, credit union, or through a financial planner - or go online at ING Direct and check their IRA programs - it's really so very easy).
For those of you with court fees - chunk 70-80% of your refund towards your fines, and save the rest. I don't know for sure, but maybe you could be one of those people who gets off probation a little early.
Here are some tips from the web to get you going: http://money.cnn.com/2007/02/14/pf/taxes/do_not_miss_tax_breaks/index.htm?postversion=2007021411
Wednesday, February 14, 2007
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