End of Year Tax Prep for 2013 Rewards

As 2012 rolls to an end, no one wants to think about the inevitable (and sometimes feared) date of April 15 being just a few months away. However, tax day is not a date that any American can get away from, and the Equifax Finance Blog has a few reasons for why you should start thinking about taxes while it’s still 2012.

If you want to get the most out of your tax deductions in the New Year it is helpful to go ahead and begin sorting through your taxes in order to get prepared. Want more tax deductions? Go ahead and do a little ‘winter cleaning’ before the spring and find items to donate to a local charity. If it’s been awhile since you cleaned out your closet, make a point to clean it out before the New Year, so clothing and other items can be donated with a 2012 date on them. Be sure to make a detailed list of what you donate, even taking pictures if possible, as all of these items will be tax deductible in 2013 when you begin itemizing your tax deductions for 2012.