Now is the time to get started with your tax filings. Start early, file smart, and you're sure to save money when you file your 2010 taxes.
1. Be Prepared
Take time to get your vital documents together. Hunt down documents like your W-2 and 1099 statements now, not later.
2. Start Now
I've giving you early warning, there's really no excuse not to get started now. Prices on tax filing software will go up the closer we get to the tax filing deadline. Get started now and you'll save.
3. Take Advantage of Deductions
Do your research and claim every deduction that you can. Don't go crazy claiming deductions you don't qualify for, but it will pay to search for deductions that work for you. Make sure you have the necessary paperwork and receipts to claim your deductions.
4. Get Help if Needed
If filing your taxes is more than you can handle, get help. Use a tax program or a reliable professional, either way, just don't do this alone. A tax professional or program finds deductions you didn't even know you qualified for and save you more in the long run.
5. Take Advantage of E-File
Without tax forms going out this year, many people will e-file their returns. There are many free e-filing options that will help you save money when you file this year.
Another perk, short wait. Your funds will be deposited into your bank account in eight days or less.
Check our these IRS approved E-File Options.