Tax Day Advice
Posted on February 20, 2007 7 Comments
April 15 may seem like a long way off, but Tax Day is just around the corner. It’s about this time every year that I drag myself to H&R Block to visit my aunt Mary for her dependable tax skillz. So far, I have about 75 percent of the documentation I need. I’m mostly waiting on my Emigrant Direct forms to come through before I can start the process.
Since not everyone can go to my fabulous aunt Mary, H&R Block is offering a National Tax Advice Day web page (click here for it). I’m sure you’ve seen their catchy “You’ve got people” commercials. On the site, you can find a list of expert articles to help you save time, H&R’s top tax tips and a place to organize your information.
Yahoo!’s tax center is another solid online resource. There, you can read a list of smart tax strategies for younger workers, work with calculators and get (yes) more expert advice.
For those of you thinking of filing your own taxes, before you use TurboTax or any other online service, check to see if you qualify for the IRS’ Free File. Any individual who made less than $52,000 in 2006 can file their taxes online for free. You can also visit the IRS’ Web site to download your 1040 forms if you don’t want to e-file.
Good luck!
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7 Responses to “Tax Day Advice”
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February 20th, 2007 @ 3:51 pm
Just so you know, I downloaded my Emigrant Direct forms from the ED website. It has a 1099 tab on the top righthand side.
February 20th, 2007 @ 5:54 pm
nicole, you’re amazing! just what i needed!
February 21st, 2007 @ 3:31 pm
This year anyone with a landline or cell phone can claim a $30-$60 federal telephone excise tax credit on line 71 of form 1040. You can request the refund even if you don’t need to file a return. Every lit bit helps!
February 21st, 2007 @ 7:38 pm
Dawn, have you been reading money magazine? I saw that yesterday!
February 21st, 2007 @ 9:40 pm
Hey, State Farm is offering free use of TurboTax for both state and federal taxes if you have a policy with them. I believe it can be any kind of policy – auto, renter’s, home owner’s, etc. All you have to do is sign-up on State Farm’s website for an online account. Once you log in on the left hand side you’ll see something like “Free Tax Filing”. It was awesome!
February 22nd, 2007 @ 9:43 pm
I think one of the smartest things people can do with their taxes is to try to get their payroll deductions as close as possible to the actual amount that they actually have to pay at tax time. (Not that I’m smart enough to take my own advice!) But as happy as I am when I get a $1000 refund, I think, “Why didn’t I keep that money all year and earn interest on it?!”
January 21st, 2008 @ 12:23 pm
Hi,
I did check out the links and indeed they’re helpful enough.
I agree with you. April 15 may be the big day but we will have to get prepared for it. Well, let me share with you a few tips and deductions that you may choose to take for reducing your taxes this year.
Here are they at:
http://soundmoneytips.com/article/23486-tips-on-tax-deductions
http://www.mortgagefit.com/tax/34tips-deduction.html
Regards,
Jessica