March is already here and with about 5 weeks before the April 15th deadline, you may be feeling the pressure. Perhaps you’ve had some big changes in the last year – a marriage, an addition to the family, or a new business – and don’t know how this will affect your taxes.
If you’re nervous about filing on time or worried about getting your taxes done right, there’s no need to worry. I have a few tips to make this year’s filing easier on you.
Go Online and E-File
In my opinion e-filing has made getting taxes submitted easier and receiving my refund a bit faster. E-file with direct deposit is the fastest way to receive you tax refund. The IRS estimates that 9 out of 10 tax refunds will be processed within 21 days.
Submitting tax returns through the mail can be time consuming and paper filed tax returns that are not e-filed are proned to mathematical errors and missed tax deductions and credits.
When you file your taxes with tax software like TurboTax you don’t need to know the tax code. TurboTax will ask you simple questions so you get all of the tax deductions and credits you’re entitled to so you keep more of your hard-earned money.
Best of all, you may be able to file your federal tax return Free and save more money.
Have a Tax Question? Get Free Help
If you have tax questions don’t worry. Only TurboTax lets you talk to tax experts who are CPAs, IRS Enrolled Agents, and tax attorneys while you prepare your tax return, free.
TurboTax’s blog is another great free resource that you can use to find tax tips and frequently asked tax related questions answered.
Prepare for Next Year
Though 2013 is still in its first quarter, now is a great time to get your system set up for when you file next time. If you haven’t gotten a smooth system for gathering your financial paperwork, consider using online options like to scan, save, and file these important documents for when you’ll need them.
I’d love to hear from you about how you manage your taxes. What do you do to simplify getting your taxes handled? If you’ve been stressed before, how did you cope? What tips do you want to share with others?