Preparing for Tax Time

Don't wait until January to gather your receipts and forms to file your taxes; do it throughout the year and save yourself time and the grief. Using a two pocket folder, with a medium tipped marker, write the word "Taxes" and whatever year on the folder. If the folder will be in a filling cabinet, be sure to write it where you'll see it at a glance.

Write a check list of the documents you'll need when is time to file. As you get your documents, place them inside the folder. I prefer using a poly folder since they're more durable than the paper ones. Also, I try reusing my kids' folders for this after the school year has ended. No sense in spending more money than necessary.