Are you organized for tax preparation? How do you save your tax information?
I use one particular checking/debit card acct all year for all medical expenses, church tithing and any charitable contributions. The annual summary provided at the year end breaks down all of these categories.
In Sept of last year, I started using youneedabudget.com and I am able to keep track of all of my spending by categories (which also makes it easier to budget for months ahead).
This year I have a Neat Scanner to keep electronic records of everything.
Not at all.I am lost.lol
no lol I've set up a new system to help with that though.
In the past years we just wait to get W-2s and file. We never claim medical or taxes. This year I have my own business so I have to keep records of recipts, etc
I'm ready. We always do an easy file.
i have a couple of folders and try to put everything in there during the year.. but this year I am so disorganized :/ I have to stop procrastinating and start setting things together.
I save all the bills, receipts together in a large box throughout the year. Before doing the taxes, I will separate out things I need (donations, medical and dental, volunteering, etc.) and then use Turbo Tax and enter everything necessary online.
I've got ours in an accordian file. We keep one for each year. Since I have a home business it's crucial that stuff stays organized or I'd be a mess come tax season!
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