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Got extra time over the holiday? Consider organizing your tax documents

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November 22nd, 2023 by Ric Hanson

(Radio Iowa) – The end of 2023 is just over a month away and some Iowans may want to make use of their time off over the next few days by getting their financial picture in order, before the flurry of December activities start to pile up. I-R-S spokesman Christopher Miller says if you get the bulk of your tax documents organized over the Thanksgiving holiday, it could save you some headaches in the new year.

Miller says to gather tax forms from your bank or broker, like 10-99 forms that show interest or earnings, and your W-2 forms. While some important forms won’t be coming in the mail until late January, Miller says you’ll want to make sure everything else is in line as far as your income.

Miller says Iowans should also consider what, if any, deductions they’re going to claim, which can make it easier if you want to go over the standard deductions with charitable donations or other claims.