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“In my opinion, filing your own taxes without software can be a good idea if you have a simple tax situation and are confident in your knowledge of tax laws and procedures,” said Dana Ronald, ...
If your deductions exceed the standard for this year ($12,950 for single filers, $19,400 for head-of-household and $25,900 for married couples filing jointly), it may be a good idea to itemize ...
You need to answer a few basic questions about your filing status, gross income and whether you had federal income tax withheld, and then the IRS tool can help. 2. Gather Social Security Numbers
Tax season is underway, and millions are hoping for a refund or, at the very least, to minimize what they owe. Whether you plan on filing your taxes early or procrastinating until the last minute,...
“Filing taxes on your own without professional guidance can lead to overlooked deductions or errors that may cost more in the long run,” Stewart added. “In such cases, investing in expert ...
Learn: Common Mistakes People Make When Filing Their Own Taxes. 2. Compile Your Earnings Statements. If you have performed services worth $600 or more for a client, you should receive a Form 1099 ...
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