In all aspects of life, we must remember that well-being is a balancing act. We need a work-life balance, an energy balance, and a balanced check-book! Before the 2016 tax season can start afresh, the 2015 tax deadline must be addressed. This year, the tax deadline has been moved to April 18th, meaning you must file your tax return or request an extension by that date.
When filing taxes, keep in mind that earlier is better! Being proactive and informed is a wise move when it comes to finances, however money can be confusing and stressful. With personal finances being the number one cause of stress in the United States, staying in the know and seeking professional advice may be helpful. An increased knowledge of finances lessens the likelihood of depression/anxiety, sleep disturbance, high blood pressure, and even heart disease (APA & PFEEF).
Make this tax season healthy and happy by taking the necessary steps to financial well-being!
Tips for Financial Well-Being
- File taxes as early as possible
- Plan for the following year
- Check for tax credit availability
- Look out for identity theft- make sure YOU are the one getting YOUR tax returns
- Keep a record of your income and expenses. This should include: W-2, 1099, 1099-R, 1099-DIV & INT, 1099-INT, 1099-Q, 1095-C, receipts, checks, credit card slips, etc.
Sources: American Psychological Association, Personal Finance Employee Education Fund, Stephen Hannan, TurboTax, LifeWork Strategies EAP, and Adventist HealthCare. The Health Tip of the Week is for educational purposes only. For medical advice, consult your physician. Feel free to copy and distribute this health resource.