New Year Tax Checklist: What to Do Before January Ends

The start of a new year is the perfect time to get your finances in order. A little organization now can save stress (and money) later. Here’s a January tax checklist to set yourself up for success:

1. Organize Your Documents

Start a dedicated folder (digital or physical) for 2025 tax documents like W-2s, 1099s, bank statements, and receipts.

2. Review Withholdings & Estimated Taxes

Check whether your current withholdings or quarterly payments are on track to avoid surprises in April.

3. Gather Records for Deductions

Donations, medical expenses, education costs, and home office expenses all add up. Keep records ready.

4. Retirement Contributions

Maximize contributions to retirement accounts like an IRA or 401(k). Early planning helps with cash flow.

5. Plan for Quarterly Deadlines

Mark your calendar for estimated tax due dates (April 15, June 16, September 15, January 15, 2026).

If you’d like a personalized checklist tailored to your situation, book a tax planning call with Be Well & Co. today.

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This reminder is provided for educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional about your specific situation.

Written by Courtney A. Mallow, IRS-Registered Tax Preparer, Certified Fraud Examiner (CFE), Certified Personal Financial Wellness Consultant℠, and Founder of Be Well & Co. Financial Consulting. Courtney helps self-employed individuals, people living abroad, and global professionals align their money with their values.