Tax Time Tips

Filing a federal tax return can be a tedious and time-consuming task, so it’s never too early to start preparing. Keep in mind, the deadline for filing individual returns for the 2022 tax year is April 18, 2023.

Here are some tips on filing:

Get started now. Organize receipts, paycheck stubs, financial records, mortgage statements and other
important documents, and try to estimate how much you will owe or be refunded.
Educate yourself. Learn about the latest tax laws so you can take advantage of as many deductions,
exemptions and credits as possible.
Understand your payment options. There are alternatives if you cannot immediately pay the taxes you owe.

For more detailed information, view the Tax Prep flyer. For additional resources on financial wellness, visit the ComPsych Financial Wellness page.