Taxes have been filed

I’m one of those people who likes to address tax season as soon as I have all my ducks in a row. I don’t like to let it linger to far into February if I can help it but by the end of January is my primary target. Thank goodness that a lot of companies have switched to paperless delivery. This makes being organized that much better. Being on a first name basis with your tax accountant doesn’t hurt either. As soon as I had all the documents, receipts, spreadsheets, etc… I merely emailed them to Rita and by the end of the day on Friday all I needed to do was to show up and sign.

I switched up the way I deal with our withholding. Before, like many others, I would contribute the max which would later yield a sizable tax return without bearing interest. Being a bit more smart about money in general and knowing the power of compound interest I aim to break even at the end of the year. A small return is better than having to pay so I work with my account to make sure my tax goals are aligned before the end of the year. This makes more money available on a monthly basis which allows me to take advantage of interest benefits from other investments. I see it as some interest made is better than none at all.

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