These 3 simple tips can help make tax time a little less stressful.

Do you dread tax season? We’re right in the middle of it, and you might be feeling a little bit of stress if you haven’t filed yet. If you’re feeling overwhelmed about filing, we have three great tips to help you take control of tax time. As always, consult your tax advisor for help, guidance, and advice, but keep these three tips in mind to help you start on the right foot.  

3 Ways to Make Tax Time Simpler

February 28, 2017

Preparing for tax season? Use these 3 tips to help make it a simpler process.

Do you dread tax season? We’re right in the middle of it, and you might be feeling a little bit of stress if you haven’t filed yet. If you’re feeling overwhelmed about filing, we have three great tips to help you take control of tax time. As always, consult your tax advisor for help, guidance, and advice, but keep these three tips in mind to help you start on the right foot.

Utilize Online Banking



Redstone’s Online Banking is a great way to get an overview of your spending from the year. This can help give you an idea of important expenses and transactions to bring up with your tax accountant or advisor. You can also upload any tax documents you will need, like your W-2 or 1099, into My Virtual Strongbox inside Online Banking. This gives you a secure and simple way to store all of your important documents in one place. How convenient!

 

Track charity donations with FinanceWorks


See why FinanceWorks is The Secret to a Simple Budget

Wondering how much you donated to charity in the last year? FinanceWorks can help you find out! Use this great tool inside Online Banking to help you track your charitable donations.

Log into Online Banking, then click the Go to FinanceWorks link at the bottom right. Choose the Overview tab at the top, then click Tax Watch. Choose the year from the drop-down tab, and it will automatically pull any charity donations it recognizes. You should also go into the Transactions section and review transactions to see if any donations need to be categorized as charity donations.

Additionally, you can track child-related costs like childcare and daycare inside FinanceWorks by clicking on the Childcare/Daycare tab in the Tax Watch pop-up. 

See a demo by clicking the Tax Watch tab here

 

File with Turbotax



Did you know that you receive special savings on TurboTax, simply by being a member of Redstone? That’s right! Simply log into Online Banking and click the Get Help with Taxes box. You’ll be redirected to the TurboTax website, where you can choose the TurboTax Federal product you need and save up to $15.

Redstone members receive a discount on TurboTax. Check out the deal inside Online Banking.

If you’re looking for someone local to help you with your taxes, learn more about Elite Financial Services. They are a locally owned business that specializes in tax preparation and has served the Tennessee Valley since 1992.

With the above tips and some help from a tax advisor, you can make tax time a little less stressful. April 18 will be here in a flash, so get on top of your taxes now.

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