Should I Estimate My Income if I Haven't Filed Taxes Yet?
If you haven't filed your taxes yet, you may be wondering if you should estimate your income. Here are a few things to consider when making this decision:
1. How much income do you expect to earn? If you have a good idea of how much money you'll be bringing in, estimating your income shouldn't be too difficult.
2. What deductions and credits are you eligible for? Make sure to take advantage of all the deductions and credits you're entitled to in order to minimize your tax bill.
3. Are you comfortable with estimation? If not, it might be worth it to wait until you have all the information available before filing your taxes.
Ultimately, whether or not to estimate your income if you haven't filed taxes yet is a personal decision. Consider your individual circumstances and make the choice that's right for you.
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