Tax Time Organization: Organizing Itemized Tax Deductions

“Insanity is doing the same thing over and over again but expecting different results,” is often attributed to Albert Einstein and a common approach to income tax organization. Like Phil the weatherman in the 1993 film “Groundhog Day,” organizing tax paperwork can feel like re-living the same day over and over again.

Groundhog Day coincides with the arrival of 1040, 1098 and 1099 IRS tax forms in the mail. If disorganized receipts and financial statements cast a shadow over your tax preparation every year, it’s time for a change. Tax Day is just weeks away whether Punxsutawney Phil sees his shadow or doesn’t, and now is the perfect time to do things a little differently this tax season.

Small Change and a Big Return

If you’ve been a little lax about organizing your tax documents in the past, it will take you a bit of time to gather all your receipts, statements, and other tax-related paperwork in one place. This small investment in time now will pay off immediately. Once you’ve collected all your documents, organizing them in an Income Tax Binder is quick, easy – and maybe even fun.

Simplified Tax Organization

An Income Tax Binder is perfect for keeping receipts, paystubs, bank statements and tax forms in one place. Pre-printed tab titles follow the IRS 1040 form and keep your necessary documents in order for easy tax preparation.

Itemized Deductions with Minimized Stress

As an alternative to the Income Tax Binder, you can create your own tax binder using Bindertek’s Build a Binder tool. If you have a lot of itemized deductions, a custom Build a Binder with your own personalized tabs for each deduction will save you countless hours of tax preparation. Add Bindertek Income Tax Tabs and some extra Binder Envelopes to this custom binder and you’ll be ready for tax time in no time.

Check out our custom Itemized Tax Deductions Build a Binder, based on common Internal Revenue Service Itemized Deductions. You can easily change the tab titles to match your specific deductions. The tabs and spine label are professionally printed to your specifications.

Keep Up the Good Work

Now that you’ve got a good organization system in place, you’ll want a second Income Tax Binder for the current year. Make it a habit to put every tax-related document into your tax binder. It will take just seconds to do – and save hours next year. Stack-N-Lok Shelves are perfect for storing six years’ worth of tax records, so your files are always audit-ready. With just a few Bindertek products, you can easily change your approach to tax time – and adopt an easy file management system worth repeating year after year.