Tax filing can seem daunting. While the 2021 deadline extension may have bought people some extra time, May 17th is quickly approaching.
If you're finding yourself procrastinating on your taxes, you're not alone. Use this guide to help get started on the process so you’re not left scrambling last minute.
Dedicate time free from distractions
Although work, family life, and personal care may seem to take up enough time to fill an entire day, setting aside time dedicated solely to filing your taxes is equally as important. Let family and friends know ahead of time that you will be unavailable, and set your work status to "Away" to avoid interuptions. Focusing on completing the task in one sitting will help you complete the process correctly and save time in the future.
Be sure to find a setting away work emails, social-media, television, and any other personal distractions.
Gather your tax filing information
Gathering all necessary tax information is the first step to getting started. Make sure you have your social security number for yourself, and any dependents, including a spouse and children, W-2 forms from any employer since the last time you filed, and 1099 forms if you worked as an independent contractor or if any entity or person other than your employer gifted you money.
Reach out to current or past employers before you sit down to file if you did not receive necessary documentation from them.
Click HERE for a full tax prep checklist for more guidance.
Choose how you want to file
There are many free online resources available to help make your filing process as easy as possible.
TurboTax, H&R Block, TaxAct and TaxSlayer, for example, all offer software packages and support options that come with on-demand, on-screen or online access to human tax pros who can answer questions, review your return and even file taxes online for you.
Use people around you to stay accountable
The same method used in group-help therapy can be applied to completing your taxes. Whether it is friends, family, or even neighbors, ask someone nearby to check up on you and help you stay motivated. If you have no one to ask, use online tools like Procraster to help you self-monitor.
Incentivize yourself with a reward
Give yourself something to look forward to as your cross each step off of your checklist. Try placing your favorite snack within reach, and allow yourself to indulge as you inch closer to your goal. After your taxes have been filed, reward yourself with a cheat day, indulge in a midday treat, or allow yourself an extra hour in front of the TV.
Discover more Tax Day 2021 content on Audacy
—Are both parents eligible for child tax credit if they share custody?
—Recently filed your 2020 taxes? You may be eligible for a federal 'plus-up' payment
—IRS says face masks, hand sanitizer, and other PPE are tax-deductible expenses
—How has the pandemic impacted your taxes?
—IRS moves tax filing deadline to May 17
—Will my pandemic relief be taxed?
Tax Day 2021 is on May 17. Get the latest tax season news and updates on Audacy.
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