TOP 5 TAX TIPS FOR FIRST-TIME FILERS

1. Mark the Tax Deadline Early

One of the most common errors new taxpayers make is missing the filing deadline. This can lead to penalties or delayed refunds.
🗓 Tip: Check your country’s official tax agency website and mark the tax deadline on your calendar. Starting early gives you time to gather everything you need and avoid the last-minute rush.

2. Collect All Necessary Documents

Before you file, gather all essential documents, such as:

Income statements (T4, W-2, 1099, etc.)

• Student loan or tuition receipts

• Charitable donation receipts

• Identification numbers (like SIN or SSN)

• Organizing your documents in advance makes the process faster and smoother.

3. Understand Tax Deductions and Credits

Tax deductions and credits reduce how much you owe or increase your refund. As a first-time filer, you might qualify for:

Tuition and education credits

• GST/HST credits (in Canada)

• Medical expense deductions

• Earned Income Tax Credit (in the U.S.)

• Research the deductions and credits available in your country — it can save you hundreds of dollars.

4. Double-Check Your Information

Before submitting your tax return, carefully review every detail. Make sure:

Your name and ID numbers are accurate

• You’ve entered your income correctly

• Your bank account info is valid (for direct deposit)

• Even small errors can cause delays or issues with your return.

5. Choose a Trusted Tax Filing Tool

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