DIY

It’s All In Your Hands

Are you looking to file your taxes? You’re finally there. The big day is here, and you’ve got everything together to file your taxes. The only thing left to do? File them yourself, without any help from an accountant or tax professional.

3 Ways You Can Get Your Taxes Done By Yourself:

Paper Forms:

Paper forms are great if you want to get your taxes done quickly. You can fill out the forms by hand and mail them in or submit them over the Internet. And don’t worry about paying a hefty fee for getting everything filled out by hand because paper forms are free. The IRS won’t automatically mail these anymore – they’re all available online now. You’ll need to download your tax forms online and then find the correct mailing address where you should send them.

Tax Software:

Tax software is an easy way to file your taxes at home. Software is a great way to have all your tax information and forms pre-populated, so you never have the hassle of filling them out yourself. As these programs grow more advanced, they can now lead you through the process of claiming rebates and credits. Plus, there’s an easy tracking system with software that lets users know when their refund was applied and when to expect it. Most programs allow you to e-file immediately after completion, which means that you’ll get a faster refund since they’re available right away.

Free IRS E-Filing:

Did you know that you can file your taxes online for free at the IRS website? The only catch is that it can take a little longer to get your tax refund since you’ll have to wait a few weeks after the IRS has received and approved your return.

What You Need to Know About Filing Your Taxes:

– Keep track of everything, don’t estimate. Save every receipt, canceled check, and credit card statement that represents money spent or income received. If you are buying something for future use(e.g., clothes), you can still document it by keeping the receipt or other proof of purchase. Be sure it isn’t reported as income until you start using it so that way there is no confusion about what should have been included in taxable income for this year versus next year.
– The best place to keep all of this documentation is in a file folder or envelope that’s easy to access at tax time because, let’s face it, it’s not the most organized thing to do.
– Keep track of any changes in your income, deductions, or credits throughout the year; you might need it when tax time comes.
– If your situation is straightforward and there are no exceptional circumstances that will affect what you have to report on your taxes, using a tax software program can be very helpful.
– The tax forms that you need will be labeled as something like “1040”. These are the primary forms where you report information about yourself and any dependents, calculate your taxable income, and figure out how much tax you owe.

Calculating Form

How to Prepare Your Own Documents