It is never too early to start thinking about the upcoming tax season. The closer to the filing deadline it gets, the more pressure you will feel when getting your documents together and the possibility that something could be missed may increase. The other side of that is your tax preparer will get busier and busier as the tax deadline nears, which may prolong the time it takes for you to get your return completed. There is no harm in trying to get your return done before the deadline. You always have the option to wait to file the completed return until closer to the deadline.
Here are some tips to help you get ready for tax season, and avoid silly errors that could delay the filing process.
Will you prepare yourself, use computer software, or use a tax preparer?
Did you get married? Divorced? Have a child? Move?
This may include employment W-2s, 1099s, K-1s, mortgage interest statements, student loan interest forms, etc.
A good place to start with this is by looking at your prior year’s tax return and at the documents used to prepare this return. Then determine what has changed, i.e. new house, changed jobs, new investments, etc.