Are You Ready for Tax Season? | Cleveland Bradley County Teachers Federal Credit Union

It’s beginning to look a lot like…tax season!

The big day, April 15, will be here before you know it, which is why our team at Cleveland Bradley County Teachers Federal Credit Union wants to start getting you as prepared as possible, so that you don’t have to stress at the last minute when filing your taxes.

Preparation Is Key for Tax Season

Rather than waiting until the first of April to start getting your tax documents in order, start preparing now so that you are ahead of the game come April 15!

The first thing you are going to want to do is choose who is going to be filing your taxes for the year. Are you going to be taking on the task yourself or are you going to be hiring a professional to help you prepare your taxes?

If you choose to go with someone other than yourself, you are going to want to schedule an appointment with him or her, as appointments will likely be filling up fast, especially as the deadline to file gets closer and closer.

Then, before your first scheduled appointment, you are going to want to gather all the necessary documents you are going to need when filing your taxes this season, including:

  • Returns information
  • Receipts
  • Charitable contributions
  • Marriage license (if married in 2019)
  • Birth certificate/Social Security number (if you had a child in 2019)
  • Personal information

Finally, you are going to want to discuss your options to file an extension. You are going to want to go over both the pros and cons. If you do decide to file for the extension, then you are going to want to do it sooner rather than later. Remember that filing for an extension only gives you an extension on filing, not on paying any necessary taxes.

Although filing your tax return can be stressful, it doesn’t have to be if you prepare ahead of time. This way, by the time April 15 rolls around, you can rest easy as everyone else stresses about getting their taxes done on time!

Visit the Cleveland Bradley County Teachers Federal Credit Union website today to learn about our various financial services to meet your needs!