What to Do After You File Your Taxes: 5 Smart Moves to Set Yourself Up for Success
Now that your taxes are filed, it might be tempting to close that chapter and move on—but a few simple post-filing steps can make a big difference for your financial health throughout the year. Here’s what we recommend you do next:
1. Save a Copy of Your Return
Once your return is submitted, don’t forget to store it securely. You’ll want both a digital version (downloaded as a PDF from your software or accountant) and a printed copy in a safe place, along with any documents used to prepare the return.
These documents may come in handy if:
You apply for a mortgage or loan
You need to file next year’s return
You get audited or asked to provide clarification by the IRS
Generally, the IRS recommends keeping tax records for at least three years, but some situations—like underreported income or capital loss claims—may require you to hold on to them for up to seven years.
2. Track Your Refund
If you’re getting a refund, you can easily check its status using the IRS’s Where’s My Refund? tool. It updates daily and typically provides a clear timeline for when to expect your money.
You’ll need:
Your Social Security number or ITIN
Your filing status (Single, Married Filing Jointly, etc.)
The exact refund amount from your tax return
Pro tip: Direct deposit is the fastest way to get your refund. If you opted for a paper check or filed by mail, expect longer processing times. And keep in mind that certain credits, like the Earned Income Tax Credit or Additional Child Tax Credit, may slightly delay your refund.
3. Adjust Your Withholdings (If Needed)
Were you surprised by how much you owed—or how much you got back? Either way, it’s a great time to adjust your tax strategy. Overpaying means you’re giving the IRS an interest-free loan, while underpaying could leave you with penalties or a financial scramble next April.
Use the IRS Withholding Estimator to reassess your current setup. If needed, update your W-4 with your employer to fine-tune your paycheck withholdings.
If you’re self-employed or a business owner:
Revisit your estimated quarterly tax payments to make sure you’re on track for this year. A proactive approach now can prevent surprises later.
4. Organize for Next Year
Yes, already! The best time to set yourself up for next year’s tax season is right after this one. Start by:
Creating a secure, dedicated folder (physical or digital) labeled “2025 Taxes”
Dropping in receipts, invoices, charitable contributions, mileage logs, or other deductible expenses as they happen
Scheduling quarterly check-ins to review income, expenses, and any life changes (new job, new home, new dependents) that may affect your tax picture
You’ll thank yourself when tax time rolls around again.
5. Reach Out to a Professional
Tax filing is just one piece of the puzzle. A skilled accountant can help you:
Interpret your tax outcome
Offer personalized recommendations
Build a plan for reducing your tax liability going forward
Whether it’s tax planning, bookkeeping, or navigating a major financial change, having a trusted advisor can help you make confident, informed decisions all year round.
Need expert guidance?
At Tally Up Accounting, we specialize in helping individuals and small businesses thrive year-round—not just during tax season. If you’re ready to take the stress out of your finances, get in touch and let’s talk strategy.