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Miriam Caldwell

Weekend Challenge 50: Start Prepping for Your Taxes

By December 20, 2012

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This challenge is pretty simple and is designed to make filing your taxes next year easier. You will need to create a file for all of the tax forms you will begin receiving in January. This will prevent you from losing the file. Additionally, you should check your withholdings and get ready for the next tax year.

When you check your withholdings, you are simply verifying that you had the right amount withheld. This can prevent you from getting nasty surprise when you do file your taxes, and it gives you the chance to come up with the money you need if you do end up owing. It takes just a few minutes to determine what you need to change for next year's withholdings. All together this challenge should take less than an hour, and it can provide you with peace of mind through the end of the year.

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