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5 Tips For A Smoother
Tax Season

Tax season doesn’t have to be a hassle. Cruise through your 2022 receipts and documents to make filing this year’s tax return a breeze with these handy tax tips:
 
  1. Start your return as soon as possible.
    • The IRS began accepting 2022 tax returns Monday, January 23, 2023. Remember, the earlier you file, the earlier you can receive your return (if you are due one). The deadline to file is Tuesday, April 18, 2023.

  2.  ​Stay organized.

  3. Get tax prep help.
    • Don’t get lost in the April rush!  If you’re enlisting the help of a tax preparation professional, contact them as soon as possible this tax season, as many tax preparation agencies stop taking clients as the deadline approaches.
    • Prefer to use tax software instead? If your Average Gross Income is $73,000 or less, you can file your return for free with IRS Free File. You can also use one of the many paid tax preparation software options available.

  4. Reduce your tax bill.
    • A little research could help reduce the amount you need to pay. Here are some common deductions and tax free contributions to explore:
      • Tax credits
      • College tuition
      • Fourth quarter estimated tax payment
      • Retirement fund contributions
      • Health Savings Account (HSA) and Flexible Spending Account (FSA) contributions
      • Work-related deductions
      • Earned Income Tax Credit (EITC).

  5. Get your refund by direct deposit.
Remember: The deadline to file is Tuesday, April 18, 2023.
 

Apple Bank is not a tax advisor. This information is for educational purposes only.  For specific advice about your unique circumstances, you may wish to consult a qualified professional.