10 Tips for Doing Your Taxes Yourself

DETERMINE WHETHER OR NOT YOU SHOULD ITEMIZE DEDUCTIONS

Itemizing deductions is only beneficial of those deductions will exceed the standard deduction. If you’re using a tax software program it will guide you as to what you should do. If you do opt to itemize your deductions, you will need forms including 1098 (mortgage interest) as well as receipts for expenses such as charitable contributions, unreimbursed employer business expenses, and medical expenses.

 

DON’T FORGET YOUR STATE TAXES

Most states require a separate state tax return to be filed. There are seven states that don’t collect state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.

Pages ( 4 of 6 ): « Previous123 4 56Next »

Latest

Lifestyle

Mind & Soul

Trending

Nutrition

Curiosities

Get Weekly updates

Subscribe now