Tax Preparation Steps for First-Time Filers

Filing taxes for the first time can seem daunting, but with a clear understanding of the necessary steps, the process becomes much more manageable. Here’s a comprehensive guide to help first-time filers navigate through tax preparation with ease. Gather Your Documents The first step in preparing your taxes is to gather all relevant documents. This includes your W-2 forms, which detail your earnings and the taxes withheld by your employer. If you’re self-employed or have other sources of income, you’ll need 1099 forms showing that income.