Tax Prep Tips for 2020
Tax Day 2020 will be here before you know it. The tax deadline is Wednesday, April 15th, 2020. You don't want to get caught off guard this year and realize you have waited to the last minute to get your taxes prepared. Waiting to the last minute can cause you to rush and make mistakes. If you are having a professional accountant in Mid-Missouri file your taxes for you this year, make your appointment in a timely fashion because they are likely very busy the closer to the deadline you wait. In the meantime, the Mid-MO accounting firm is here to give you a few tax prep tips for 2020 in this week's blog. Think about how much money you are donating and how it will affect your taxes. If you are just under the point of surpassing the standard deduction mark, you could consider making 2 years worth of donations this year so that you can itemize, if possible. Make sure you track your income accurately. To track your income the best, in addition to your W-2, gather your: ...