Categories: Smart Savings

13 Key Tax-Planning Issues For 2021 You Absolutely Need To Know

Keep your documents handy

Being an organized person is essential in life, especially when it comes to taxes. Considering the number of tax-related documents you need, it’s important to keep everything together, including the ones you receive after filing, to be able to include them in your tax return. This way, you won’t have to submit an amended tax return to include the missing information.

Haywood suggests making a list of all the income and deductions received throughout a year and compare with a list of the previous year. It’s much easier this way to notice if something’s missing.

Make sure you also take a look at this list of 11 Tax-Related Documents You Should Always Keep in Handy.

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