Infographic: Spring Cleaning Statistics
A thorough spring cleaning can restore order to your finances
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Spring is the traditional season for scrubbing walls and sweeping floors, but it’s also a great time to spruce up your financial house, unearthing misplaced receipts and overlooked tax deductions.
“People often stumble on valuable documents and tax deductions while clearing away winter’s dust and detritus,” said Charles Tran, founder of CreditDonkey. “In addition to the $10 million that Americans deduct for donating unwanted clothing to Goodwill each year, people locate pay stubs, W-2s, 1099s, interest and dividend statements and receipts for home-office deductions ranging from utility bills to office supplies.”
Setting up money and credit management systems today, along with more organized tax filing systems, will make life easier the rest of the year, said Tran, who offered these “spring cleaning” tips:
“When it comes to donating unwanted items, don’t forget about your pantry,” said Tran. “Be sure to take canned goods, as well as rice, beans, etc. to the local food bank.”
(Research by Emma; Graphic Design by Boris Benko)
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Spring is a wonderful time of the year that offers many reasons to celebrate. The cold weather and snow are replaced with sunshine, the days start to last longer, and you can finally start grilling outdoors again.
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