Haven’t Started Your Taxes Yet? Here’s What to Do!

Tax season is flying by, and if you haven’t started your taxes yet, don’t panic—there’s still time! Whether you’ve been busy, overwhelmed, or just putting it off, you’re not alone. The good news is, you don’t have to do it all by yourself.

Here’s a simple plan to help you get back on track before the deadline:

1. Round Up Your Paperwork

The first step is getting all your important tax documents together. You’ll need:
✅ W-2s if you worked for an employer.
✅ 1099 forms if you did contract or freelance work.
✅ Bank or investment statements if you earned interest.
✅ Mortgage interest statements if you own a home.
✅ Receipts for things like medical expenses, donations, or business costs.

Missing something? Check your mail, email, or online accounts, and if needed, call your employer or bank for a copy.

2. Know Your Filing Status

Your filing status affects your tax bill, so it’s important to pick the right one. Most people file as:
💼 Single – If you’re unmarried.
👨‍👩‍👧 Head of Household – If you’re a single parent or supporting a dependent.
💍 Married Filing Jointly or Separately – If you’re married, you have options.

Not sure what’s best? JR Chance Accounting and Tax Preparation can help you figure it out.

3. Don’t Rush & Risk Mistakes

Waiting until the last minute can lead to errors like:
❌ Entering the wrong Social Security number.
❌ Forgetting to claim deductions that could save you money.
❌ Filing under the wrong status.

Mistakes can slow down your refund or even cause IRS trouble. If you’re in a rush, JR Chance Accounting and Tax Preparation can help make sure everything is done right.

4. Need More Time? You Can File an Extension

If you truly can’t get everything together before April 15, you can file for an extension. This gives you until October 15 to submit your return.

⚠️ BUT—an extension doesn’t give you more time to pay!
If you owe taxes, you’ll still need to send a payment by April 15 to avoid late fees.

Not sure how to file an extension? JR Chance Accounting and Tax Preparation can take care of it for you.

5. Let a Pro Handle It for You

If this all feels overwhelming, you don’t have to do it alone. Tax laws change every year, and a professional can help you get your taxes done right and make sure you don’t miss out on money-saving deductions.

📞 Call JR Chance Accounting and Tax Preparation today at (870) 777-3270 or stop by the office. You can also visit www.jrchance.com to learn more.

Tax season doesn’t have to be stressful—let JR Chance Accounting and Tax Preparation make it simple for you!