Understanding how tax filing works helps make the whole process less stressful. Here's what you need to know about getting your taxes done right.

When Tax Season Begins

The tax season officially starts in late January when employers, banks, and other companies send out tax forms. You'll start getting important documents like:

• W-2s from your employer (due by January 31)
• 1099s from banks, investment companies, and clients
• Other tax forms showing income or deductions

Gathering Your Information

Think of tax preparation like telling your financial story for the year. You'll need to collect:

Your Income Information:

• All those W-2s and 1099s
• Records of any other money you received
• Bank and investment statements

Your Deduction Support:

• Mortgage interest statements
• Property tax receipts
• Charitable donation records
• Medical expense receipts
• Business expense records

Life Change Documents:

• New baby's Social Security card