The article emphasizes the importance of early preparation for the 2024 tax season. Key tips include organizing necessary paperwork like W-2s and 1099 forms well ahead of the April 15 deadline. It's also suggested that taxpayers assess their need for professional assistance based on the complexity of their financial situation, such as business ownership or multi-state filing. Starting early can prevent stress and complications as the deadline approaches, ultimately leading to a smoother filing experience.
If you have a fairly simple return that consists mostly of a W-2, and you're claiming the standard deduction...you can probably avoid hiring a tax preparer.
The time to start gathering those documents is now. That way, if you find that you're missing a tax form, you'll have an opportunity to get your hands on it before the April 15 filing deadline.
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