While taxes are so yesterday, it's inevitable that they'll be back in season this time next year. Here are three things to downsize the dread for next year's taxes.
- Choose one place to keep all of your tax documents, including any receipts and medical bills. If you're self-employed, it's even more crucial for you to organize your records throughout the year to avoid tax-time panic.
- Build an emergency fund so that if there are any tax bill surprises, you won't be caught between a rock and the IRS. The easiest way to start one is to open a high-yield savings account and make automatic deposits each month. Owing the IRS is no cup of tea and it's an unavoidable bill — a healthy emergency fund will prevent you from having to go in debt, plus interest, to pay back the government.
- If completing your tax return was a huge headache for you this year, promise yourself that you'll hire a professional for help next year. Schedule a reminder in your phone and calendar for next January to make an appointment for your taxes, and include the phone number so you'll have no reason to put it off.