Thursday, February 11, 2010
Do your taxes!
I did my taxes. I know a lot of people are intimidated to do their own taxes. It seems so much easier to take them to a tax professional and have them done that day but I encourage you to LEARN! I know there are a lot of tax laws but they are manageable. I don’t want you to think I did my taxes 1040 ez and am telling you all it was easy. I did 1040 regular and itemized and got credits and deductions and we got a pretty good return. I know it wasn’t instant like you can get some places but I did it direct deposit and it should be there in a few weeks…I can wait. I had a friend that did her taxes at a tax place and they charged her $200 to get her taxes done and her return right away. I don’t know about you but I could use that $200. So I am learning. I use TaxAct which makes me mad each year because they only let you do 2 deductions before they start charging you a fee. Also if you need help they always want to charge you. BUT I found that if you just take the problem you are facing …open a new tab…and GOOGLE it you can learn about it on the IRS website. Sometimes it is complicated but most of the time I can understand it…and I am not a numbers genius. For example. I was unsure about the Earned Income Credit for having a child and making less than $35,463 a year…look at the website for the details….but it can up your refund if you qualify! Anyhoo…I encourage you to try it and learn about how taxes are done and save some money
Labels:
1040,
1040ez,
earned income credit,
easy taxes,
inexpensive,
IRS,
tax information
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