Do you still take your tax records to a CPA or other tax professional for a simple return? Each year, millions of taxpayers are taking advantage of free tax filing online at one of the online tax filing firms.
Cost and convenience are the two major reasons for this change. Having a tax professional prepare even a simple return without itemizing, can cost several hundred dollars. Traveling to and from a tax professional can be very inconvenient as compared to doing your taxes online from the comfort of your home.
You’ve probably heard about the new tax law that goes into effect for 2018 tax returns. The primary change in this law raises the standard deduction to View full post…
Posted: January 18, 2019 Under: Income Tax By: Gust Lenglet
Do you still take your simple tax return to a CPA or a professional tax preparer? Don’t their high preparation fees seem excessive? The fact of the matter is that many individuals qualify to file taxes for free, but are still intimidated by the concept of taxes.
A few years back, I could understand this apprehension. But today, there is no reason to feel that way. Tax preparation software has become so intuitive and technologically advanced, it can literally prepare your return for you.
If your gross income is $100,000.00 or less, and it meets the IRS guidelines to file a Form 1040-EZ, there is no charge to file your federal return.
It’s Not Hard To Do Your Taxes Online – Read Our Tips
When you do your taxes online, it’s fast, easy, and very secure. Consider this scenario if you will. After a lot of thought and deliberation, you’ve decided to try something different this tax filing season. Your tax return isn’t that complex, so you’ve decided to do your taxes onlineat the recommendation of a friend.
But, where do you start? A search on the internet using one of the popular keyword phrases has produced so many results, it’s now even more confusing. You call your friend and he told you the site that he has been using for years.
Online Tax Preparation – It’s Easy if You Do It Smart
Tax season is fast approaching and many taxpayers should be aware of the various online tax preparation services that are available for them to file their tax returns.
Many still take their tax records to a tax preparer, even though they don’t have a difficult return. They end up paying a high preparation fee to the tax preparer as well. Plus, they actually make two trips to the preparer, one to deliver their information and the other to pick up their return and pay the preparation fee.
Filing taxes online has many benefits in addition to the savings in tax preparation fees. Each year, millions of individuals file their taxes online by purchasing a software program or by using one of the many online tax preparation websites that are available at low cost.
Finally a Solution to the Question – Is Online Tax Filing Really For Me?
Is there anything special that I have to do for online tax filing? I will have itemized deductions and also a small rental property this year. Can I still do my own taxes by filing my taxes online?
Many individuals have these very same questions and think that they have to take their taxes to a CPA. The plain and simple answer is YES – you can do your own taxes, even with the itemized deductions and the rental property.
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