When should I start preparing my taxes?

Tax preparation should begin as early as possible in order to ensure accuracy and to maximize any tax refunds or deductions available to you. If you are a resident of Washington, the best time to start preparing your taxes is as soon as you receive all of the necessary documents, such as a W-2 or 1099 form from your employer, or if you are self-employed, all business related income and expenses. You’ll need to make sure you have the necessary paperwork to claim any deductions or credits, such as deductions for mortgage interest, tuition, charitable giving, or any other itemized deductions. You’ll also need to determine if you’re eligible for any tax credits. It’s best to start as early as possible in order to give yourself plenty of time to complete the process. In Washington, the deadline for filing taxes is April 15th each year. If you’re expecting a refund, you can file your taxes starting mid-January and you’ll typically receive your refund in 3-4 weeks. Additionally, it’s important to remember that tax laws can change from year to year, so it’s a good idea to periodically check for updates to ensure you’re filing correctly. You may want to consider consulting a tax professional or an online tax filing service to ensure accuracy and to maximize any tax refunds or deductions available to you.

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