Posted on March 31, 2020 by English Bradley

Taxes: To Keep or Not to Keep!

By The Clutter Crew

Taxes: To Keep or Not to Keep!

The Federal tax filing deadline has officially been changed to July 15, 2020. Go to irs.gov for additional updates and details.

What hasn’t changed is the need to keep certain documents that relate to our taxes. If you are like many of my clients, you may be keeping more paper than you should. The purpose of a filing system is to store documents that you will need at a later date. My advice is to go paperless whenever you can. If you can locate the document on a website, don’t keep the paper. If you aren’t sure if whether or not you need to keep a document, contact your accountant or lawyer.

Do Keep:

Each year at tax filing time, check your credit report. For a free credit report and access to all three credit agencies, go to AnnualCreditReport.com. Consider downloading Credit Karma or Credit Sesame on your phone for constant access to your score.

Finally, clean out your filing system each year at tax time. if you want a simple filing system to jump start your record keeping, go to Filing System Simplified on my website. Keep it simple!

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