Receipts, like memories, tend to fade with time. That’s just one reason to digitize and track tax-related information. The right apps and habits can save space, time, money and hassle — but only if you use them.
“Apps should make things easier, not more complicated,” says Clare Levison, a certified public accountant in Blacksburg, Virginia. “The definition of a good app is what works for you, not the one that’s the trendiest.”
In my latest for the Associated Press, how to use the tools you already have to make your life easier come tax time.
Today’s top story: Why you should stop waiting to sell your home. Also in the news: How to find a Black financial advisor, sharing renters insurance with a roommate, and why you need to start claiming crypto on your taxes.
Today’s top story: How to get the most home insurance help after a winter storm. Also in the news: A new episode of the Smart Money podcast on filing your taxes early and tapping into your home equity, 8 ways to take your credit card rewards to the next level in 2021, and how to get relief with your federally backed mortgages.
Today’s top story: Turn your quarantine clutter into money. Also in the news: 10 digital banking services changing up checking, what to do when you’re a victim of debit card fraud, and how your stimulus checks will affect your taxes.
Today’s top story: Why you may not want to be an executor. Also in the news: 5 ways to foil catalytic converter thieves, 3 money habits to carry forward from the pandemic era, and how to avoid fees when paying your taxes.
Today’s top story: Why buying life insurance for your parents can make financial sense. Also in the news: A new episode of the Smart Money podcast on the 50/30/20 budget, one person’s no-spending month results, and when to hire a tax professional.