As the tax filing deadline of April 15 approaches, it's crucial to take proactive steps now to ensure you're well-prepared. Bree Shellito from ENT Credit Union has provided five key recommendations to streamline your tax preparation process. Gathering all necessary documents, seeking professional assistance, and making wise financial decisions are among the advice given. Additionally, Shellito emphasized the importance of being vigilant against scams during this period. By following these guidelines, individuals can approach their tax filings with greater confidence and less stress.

To prepare effectively for tax season, collecting all relevant paperwork is paramount. This includes any documentation related to income and deductions. According to Shellito, delaying this task only increases anxiety. Instead, starting early allows you to explore various payment options and handle your taxes with assurance. Ensuring that you have all the necessary information at hand can significantly ease the filing process.

Seeking help from a qualified tax professional can greatly simplify the procedure. Shellito advises not to hesitate in reaching out for support if needed. A knowledgeable expert or trusted advisor can provide valuable guidance, making the entire experience more manageable. For those looking for affordable assistance, there are several free or low-cost resources available. These services cater to individuals with varying income levels, offering reliable support throughout the filing process.

If you receive a tax refund, it’s important to use it wisely. Shellito suggests prioritizing high-interest debts such as credit card balances. If you don’t have such debts, consider bolstering your emergency fund or investing in long-term goals like purchasing a car, home, or planning for retirement. Thoughtful allocation of this money can lead to significant financial benefits.

In cases where you owe more than anticipated, exploring IRS payment plans might be a viable option. Shellito recommends checking eligibility for these plans to avoid overwhelming financial burdens. Additionally, adjusting your withholding for the upcoming year can better prepare you for future tax obligations.

Beware of potential scams during tax season. Scammers often target taxpayers through phishing emails or fake phone calls. Shellito warns that the IRS never initiates contact via unsolicited calls or emails. Always verify information on the official IRS website and exercise caution when selecting filing resources. Staying informed and vigilant can protect you from fraudulent activities.

Tax season doesn't have to be stressful. By gathering all necessary documents, seeking professional advice, using refunds wisely, considering payment plans, and staying alert to scams, you can navigate the process with greater ease. Taking these steps ensures a smoother and more confident approach to handling your taxes this year.