The Countdown to Tax Day: A Last-Minute Tax Filing Checklist

As the tax deadline approaches, it’s easy to feel overwhelmed. Whether you’ve been putting off your filing or just need a final review, having a clear checklist can make the process smoother and help you avoid costly mistakes. Here is a last-minute tax filing checklist to guide you through the final steps before the deadline.

​1. Gather Essential Documents

Having the right documents is the foundation for an accurate tax return. Ensure you collect:

• Income Statements: W-2s for employees, 1099s for freelancers, and other income-related forms
• Investment and Interest Income: 1099-INT, 1099-DIV, or 1099-B for brokerage accounts
• Deductions and Credits: Receipts for deductible expenses like medical costs, charitable donations, and education expenses (Form 1098-T)
  
• Other Necessary Forms: Social Security numbers for all dependents, prior-year tax return, and documentation of estimated tax payments

​Having these documents organized will speed up the filing process and reduce errors.

​2. Maximize Available Deductions and Credits

Many taxpayers miss out on valuable deductions and credits that could reduce their tax bill. Review your eligibility for:

• Standard vs. Itemized Deductions: Determine which option provides the biggest tax benefit
• Education Credits: Such as the American Opportunity Credit or the Lifetime Learning Credit
• Retirement Contributions: IRA contributions made before the deadline may still be deductible
  
• Health Savings Accounts (HSAs): Contributions may qualify for tax benefits

Navigating deductions and credits can be complex, and missing out could mean paying more than necessary. A CPA can help ensure you’re taking full advantage of all available tax benefits.​

3. Double-Check Personal Information

Errors in basic details can cause processing delays or even IRS rejections. Before submitting your return, confirm:

• Accurate Social Security numbers for yourself and dependents
• Correct address and direct deposit details for refunds
• Filing status (single, married filing jointly, head of household, etc.)

​Simple mistakes can slow down refunds and create unnecessary headaches. Taking a few extra minutes to review your information can prevent these issues.

​4. Consider Filing for an Extension

If you're running out of time, filing an extension can give you extra breathing room. Keep in mind:

• An extension only gives you more time to file, not more time to pay taxes owed
• You should estimate and pay any tax due to avoid late payment penalties and interest
• Filing for an extension is a smart move if your return is complex and requires more time for accuracy

If you’re unsure whether you should file an extension, a CPA can help assess your situation and determine the best course of action.

5. Consult a CPA for Complex Situations

If you have complicated finances—such as business income, investment portfolios, or recent life changes—having a professional review your return is a wise decision. A CPA ensures:

• Your tax return is accurate and compliant with IRS regulations
• You take advantage of all applicable deductions and credits
• You avoid costly mistakes that could lead to penalties or audits

With over 40 years of experience, Larry Bradford, CPA, handles even the most complex tax situations. Whether you need last-minute tax assistance, an extension, or a strategy to lower your tax burden, he can help you navigate the process with confidence.

​Don’t Wait Until the Last Minute—Get Personalized Tax Help Today

The tax deadline is fast approaching, but you don’t have to go through it alone. Contact Larry Bradford, CPA, today at (512)-402-0049 or email [email protected] to schedule a consultation. Let an experienced professional take the stress out of tax season and ensure your return is done right.