Time to start working on taxes again

[disneysteve]

It's that time again. Time to start organizing the medical bills, charitable donation receipts and all those other things that I'll need to file taxes in a couple of months. I spent a little time tonight sorting everything into sub-folders: 1 for ebay sales, 1 for charity, 1 for survey income, 1 for medical expenses, etc. Soon the 1099s and year-end investment statements will start arriving and they'll go in another folder. At least I keep it all well organized so tax time isn't a headache. In fact, I actually kind of enjoy tallying everything up and seeing how we made out during the year.

[InDebtInDC]

My taxes is very simple this year. Just 1 job with the only deductions being 401k, student loan interest, and property tax. Nothing else. I think I'll save a bunch on tax prep this year, but I'll owe a ton more of taxes on top of what was withheld.

[Coleroo]

i've already completed mine (as much as can be done). I use turbo tax online. I know the numbers that go in - all i have to wait for now is the W2s to come in to ensure adequate figures! i enjoy working on taxes (albeit, ours are pretty simple so far -- we did gain the benefit of itemization this year! usually standard deduction exceeds itemizing...but not this year).

[Frugalicious]

I use a CPA. During the year, I keep a MSWord document pinned to my desktop.
I add tax deductions there through the year.
I also have a big yellow envelope I put any tax related documents in.
My CPA sends me an E-Organizer that I plug all the figures into.
I have started , but W-2's won't be here for a few weeks.
Hoping to get taxes done earlier than usual this year.

[Bluezy]

I can't believe time has gone by so fast!

I will use TurboTax again this year. It works well and enables you to retrieve a copy of the previous years tax return with no problem. However, I am going to go through 7 years of tax returns and scan each year onto CD in case something happens to my paperwork.