You’re much more likely to make mistakes if you’re under stress and feeling rushed. Take a deep breath and set aside some time to tackle your taxes with a clear mind.
We’ve put together five last-minute tax tips to help you avoid common mistakes, save money, and set yourself up for greater financial success.
1. Know the facts
In the U.S., personal tax returns are due April 18, 2022. Unlike in 2020 and 2021, the IRS is sticking to its deadline this year.
But there are still pandemic-related complexities to consider. Work with your tax advisor to review any stimulus payments or Advance Child Tax Credits you received to ensure you received the appropriate amounts.