Three things to do before starting your taxes
03/26/2024 00:40
American taxpayers have until April 15th to submit their 2023 tax returns. Yahoo Finance's Rebecca Chen joins the Live Show to discuss three crucial things people should do before filing. First, it's essential to gather all necessary tax documents, from W-2s to 1099s, readily available for the year before filing. Secondly, it's crucial to consider any life changes that may have occurred, such as marriage, the birth of a child, or any other significant event, to ensure you're taking advantage of all eligible tax credits and deductions. Third, it's advisable to determine your tax filing strategy, whether you plan to file your taxes yourself or seek professional assistance, to maximize your potential benefits. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Be sure to check out more from Yahoo Finance's Tax Time: From Rates to Refunds. Editor's note: This article was written by Angel Smith
American taxpayers have until April 15th to submit their 2023 tax returns. Yahoo Finance's Rebecca Chen joins the Live Show to discuss three crucial things people should do before filing.
First, it's essential to gather all necessary tax documents, from W-2s to 1099s, readily available for the year before filing. Secondly, it's crucial to consider any life changes that may have occurred, such as marriage, the birth of a child, or any other significant event, to ensure you're taking advantage of all eligible tax credits and deductions. Third, it's advisable to determine your tax filing strategy, whether you plan to file your taxes yourself or seek professional assistance, to maximize your potential benefits.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Be sure to check out more from Yahoo Finance's Tax Time: From Rates to Refunds.
Editor's note: This article was written by Angel Smith