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  • By Brian Preston and Bo Hanson

How to Get a Jump-Start on Your 2016 Taxes


You might have a strong desire to push the e-file button and forget your income taxes until next year. But that could be a big mistake, since your income tax return presents an opportunity to evaluate your financial life. Since the data is freshest right after you complete your tax return, now is the time to take a look at the numbers and see if there are any opportunities for planning your financial life in the coming year. Here's how to start your 2016 tax planning:

  • Look for tax savings opportunities.

  • Make sure you take all possible deductions.

  • Maximize workplace benefits.

  • Make your income tax return tie into your financial plan.

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