How to maximize your financial life this tax season. (istock)

Unless you’re getting a refund, you might not enjoy tax season.

But there is something for everyone to look forward to. Tax time forces you to gather major documents that make up your financial life. Even if you don’t have to file a tax return, use this time of year as a reason — or push — to be better informed about where you stand financially.

The Internal Revenue Service says more than half of taxpayers hire a professional to help them file their tax return. And many of these folks will put together the necessary documentation and not give more than a glance at what they’re handing over.

“Individuals will bring their documents but never even open them,” said Deenice Galloway of the Maryland-based Expert Tax & Consulting Service. “It’s crazy.”

Galloway said some people show up with a shopping bag full of unopened paperwork. The worst offenders in her practice are small-business owners, she said. “They just expect me to sift through it all. But if you don’t open the documentation, how do you know if something is wrong?”

Galloway said she has had some clients who had overpaid their portion of Social Security. They had not noticed because they had not been looking at their pay stubs and still did not catch on to it until after she reviewed the W-2 sent by their employer and pointed it out.

Okay, so here are some suggestions on how to use the documents you will be compiling to either file your returns yourself or give to a tax professional:

W-2: If you are not happy with your income, use this document as impetus to improve your earnings potential. Are you taking full advantage of opportunities at your job to advance? Are there certification courses you could be taking at the local community college or online? Following your employee evaluation, are you heeding any advice on how to move up and possibly into a better-paying position?

Form 1099: You’ll get this form if you received income last year beyond just wages or a salary. You might get a 1099 if you took an early distribution from your 401(k). If you get a 1099-R because you withdrew money from your retirement account to pay down debt, maybe you need help with budgeting, or at least a better debt repayment plan than robbing your nest egg.

Form 1098: If you own a home, you will receive a 1098 to report mortgage interest of $600 or more. But even if you’re not itemizing, and therefore not reporting mortgage interest on your tax return, really look at what you’re paying in interest for your home. Perhaps it’s time to make extra principal payments to get rid of this debt as soon as you can. Don’t drag it into your retirement years. Bankrate.com has a mortgage payoff calculator that shows how much interest you can save by making extra payments on the principal.

●1098-E: Got student loans? If so, you may be eligible to deduct up to $2,500 in interest payments. But when you get this form, I want you to focus on more than the possible deduction. How about boosting your efforts to pay off the loan early? Use the “Prepayment Calculator” at finaid.org to figure out how much you can save and how much faster you can get out of debt. And go to edvisors.com and search for “Strategies for Paying Off Student Loans Faster” to make sure extra payments are put toward your principal.

Year-end retirement statements: Open them. Look at your investments. And ask yourself if you are saving enough. Many people are putting money aside for retirement but don’t have a clue if they’re on track for saving what they need. Go to choosetosave.org and, using the statements you get for your tax return, plug in the numbers in the “Ballpark E$timate” (choosetosave.org/ballpark/) to calculate how much you need to retire comfortably.

Receipts: Even if you don’t itemize deductions and decide to claim the standard deduction, look at what you spent last year on various things. Examine your medical expenses. Are you in the best medical plan? Now is the time to look at your expenses so that next time there is open enrollment, you can make changes. Pore over your receipts for last year’s medical, dental or vision care. If you’re not yet taking advantage of health-care spending accounts, maybe you should be.

Use this moment and your tax paperwork to make sure your financial plan is working for you. And if you do not have a plan, this is the time to start.

Readers may write to Michelle Singletary at The Washington Post, 1301 K St. NW, Washington, D.C. 20071 or michelle.singletary@washpost.com. To read previous Color of Money columns, go to wapo.st/michelle-singletary.