With the tax filing season almost here, taxpayers should check out two IRS publications available on IRS.gov. These publications can help people get prepared and stay organized with tips for year-round tax planning.
Tax planning is for everyone. Taxpayers can use this publication to help themselves get ready to file their 2021 federal income tax return next year. Planning helps individuals file an accurate return and avoid processing delays that can slow their tax refund.
Life changes can affect taxpayers’ expected refunds or the amount of tax they owe. These changes include things such as employment status, marital status and financial gains or losses. Publication 5349 provides tips on developing habits throughout the year that will help make tax preparation easier. This resource also includes a checklist of items taxpayers should have on hand when filing their tax return.