While it may seem like it was just yesterday that you filed your 2016 taxes, ZP Tax recommends getting ahead of the game and embracing tax preparation solutions for next year. As an experienced tax help service in Silver Spring, MD, this firm knows that every ounce of preparation pays off when it comes to streamlining the filing process.

In some cases, getting things in order now can actually help you save money and even boost your next refund. It may seem strange to start planning for the next tax season when 2017 hasn’t come to a close, but this Silver Spring tax help team reveals that you can start things off on the right foot if you:

Research Deduction Opportunities

When people start preparing their taxes at the start of the New Year, they end up being reminded of all the deduction opportunities they didn’t take. To avoid last-minute deduction regrets, research real opportunities you have to lower your tax liability. For example, you may want to make a plan to contribute to your retirement account or increase charitable giving.

Organize Everything

If you spent hours, days, or weeks tracking down information for this most recent tax season, save yourself some time now by setting up an expansive filing system designated just for taxes. First, retain and record all your financial records, such as work-related expenses and various tax forms.

Whenever these documents come your way, just file them away in the appropriate area. This will give your tax preparation provider a clear understanding of your financial history, which can allow them to process your return quickly and accurately.

Re-Evaluate Health Insurance Tax Credits

Health insurance tax credits are still confusing for many consumers, so it’s normal to make adjustments between tax seasons. If you purchase your own coverage through the Health Insurance Marketplace, reflect on your last tax return.

If you had to pay back some of last year’s tax credits, you paid too little in premiums and need to step it up this year. If you got more money back, despite existing tax credits, you likely spent more on your premium than you needed.

While taking personal responsibility for your taxes is a must, it’s also worth investing in professional help early on. These professionals aren’t just around to provide tax help between January and April; they can guide your financial decisions and boost your tax education throughout the entire year. To learn how tax services can boost your 2017 return, contact ZP Tax in Silver Spring, MD at (301) 587-4829.