If you want an even more guided experience, TurboTax offers its "Basic," "Deluxe," "Premier" and "Self-Employed" tiers with either access to a tax pro who'll give you advice (the cheaper option, called TurboTax Live) or a tax pro who'll straight up do your taxes for you (the ...
Learn how to file back taxes, including when and why you need to file them. Get step-by-step guidance on gathering past tax documents, filling out the correct forms, submitting them to the IRS, and tips to minimize penalties and interest charges.
Rustler's response is correct, but depending on where you are located, the actual process of claiming the credit may be convoluted: specifically, if you are in a state that has several "district" taxes (county or city sales tax or even sub-sets of thos...
Self-employed taxpayers likely need to pay quarterly tax payments and meet key IRS deadlines. Here’s a closer look at how quarterly taxes work and what you need to know when filing your tax returns.
(there is a143-page book, but who has time for that?), and DIY tax filing can seem overwhelming for individuals not versed in the U.S. tax code. If you’re a first-time tax DIYer, you’re often on your own as far as figuring out the basics of how to do taxes. Even if you...
after you’ve claimedone or more tax credits, they’ll add up to more than you owe the IRS in income taxes for that year. If a credit is refundable – and there are only a few of these – it will eliminate your tax bill and the IRS will send you a refund for the ...
After you have everything you need to file your, consider your tax status. Your status can make a difference in your tax liability. Luckily, figuring out your status is pretty simple. Here are the five options for how to do your own taxes: ...
You may be able to file your taxes for free through IRS Free File, a program in which several online tax prep companies partner with the IRS to offer their services for free. These programs guide you through the process and do the math for you, making it easy to prepare and file your...
"Some people will have the dividends come out of the plan and sent to their checking account," Hess said. "This can supplement their Social Security and help pay monthly bills. You will pay taxes on these distributions, but they can help offset some of your expenses." Donate Your IRA...
You won’t be able to make the most of nonrefundable tax credits that reduce the amount of taxes you owe to zero and still have dollars left over. That amount isn’t refundable.2 Refundable tax credits do provide you with a refund if they have money left over after reducing your tax ...