Tax season is at a pivotal point, with many taxpayers still yet to file their returns. This year, new tax changes have introduced a host of complexities, from updated deductions for tip income and overtime pay to changes in rules for seniors and car loan interest. These changes mean that tax returns may not look the same as they did last year, and waiting until the last minute could lead to errors and unnecessary stress. Tax professionals advise that now is the time to act, carefully reviewing income documents and understanding how the new rules apply to individual situations. Working with a tax professional can help ensure accurate and confident filing. Mark Steber, chief tax officer at Jackson Hewitt Tax Services, offers advice for tax filers, emphasizing the importance of finding documents, choosing a reliable tax professional, and committing to filing in the next ten days. With the deadline approaching, it's crucial to take action now to avoid last-minute stress and ensure a smooth tax filing process.
