4 tax-prep hacks I follow all year to make filing easy - Business Insider

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Spending a few minutes on your taxes and related files every month could save you money when it comes time to prepare your taxes

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

.While Americans get some extra time to do their taxes this year due to the COVID-19 outbreak, I had my taxes done before the virus shut down the country in March. Thanks to a year-round effort to keep my tax files organized and updated, getting my fairly complex taxes put together isn't an enormous effort.

Pro tip: If you want to make your life easier and you're into going paperless with your personal finances, you can always scan these papers into your computer for a fully digital tax-prep experience. Just make sure to drop the old forms in a shredder to avoid identity theft.I personally prefer paperless tax forms over paper forms. It'sand better for the environment. I also find them more convenient, as I'm on my computer a lot more than I'm in my file cabinet.

 

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