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Why You Should Consider Filing Your Taxes Early

Bennett Queen
Greater Nevada Credit Union
Every year, February brings about the start of tax season. For some, the process may be quick and painless while others may spend months gathering the needed documents. Some may completely forget the fast approaching due date of April 18th (traditionally April 15th but for 2017 it is the 18th).

During tax season, procrastination can be one of your worst enemies. Waiting to file your taxes could cost you more money and have other implications down the road. Here are four reasons why you should think about filing early.

Using Your Tax Refund Wisely

Kristina Kraus
Greater Nevada Credit Union
Getting a tax refund is exciting, and there are so many things you could spend that money on. However, using your refund wisely will feel better in the long run, rather than just using it for instant gratification. Follow these tips on how to make the most of your extra money.

Tax Season is Scam Season: Know What to Watch For

Kristina Kraus
Greater Nevada Credit Union
Tax season is here, which means it’s also open season for identity thieves and IRS impersonators. As you prepare to file your taxes, know what scams to be on the lookout for and what you can do to protect yourself.

Self Employed? Save the Headache Later, Keep Great Tax Records Now

Kate Robinson
Greater Nevada Credit Union
With tax season finally over, now seems like a good time to talk about how to make next year’s taxes go as smoothly as possible. I especially want to focus on the self-employed and contractors. While there are all kinds of variables that complicate tax-filing (owning a home, dependents, interest income, divorce, marriage, death), many of us still work for corporations where we file a W-2 and our withholdings become automatic. For entrepreneurs, or people in more less formal income situations, it can be a bit trickier.