Make the Most of Your Individual Tax Refund with These Easy Tips
Tax Season is upon us. The deadline is Tuesday, April 18th. While most Americans are running around, freaking out about it, you’re staying cool, because you’re here reading these tips. As we were last year, we are here again this year to help you make the most of your tax savings.
You might be surprised (or not) to know that there are dozens of ways to do your taxes for free. You can go with the old school Pencil & Paper™ method or if your adjusted gross income is $64,000 or less, you can file online using one of the free software options listed on the IRS website. If your taxes are not complicated, filing for free is the first step in making the most of your tax savings.
But why should I file a tax return?
There are as many reasons to file taxes as there are people. Some people file out of a sense of obligation. Others file to get money back from the government. Still others file because they are required to (find out here if you’re required).
Whatever your reason is for filing, this blog series is intended to help you do just that.
Naturally, everyone’s tax situation has a different level of complexity, and it would be impossible to cover them all. Therefore, this guide is intended to help individuals who should file a 1040. Specifically, we cover:
- The average federal tax refund by state
- The average income tax preparation fees by region
- How to make the most of your tax refund
- How to fill out a basic 1040
- How to do your taxes for free
We also cover something often overlooked by taxpayers—how to avoid giving an interest-free loan to Uncle Sam, which is the exact reason you get a tax refund:
You’ve forked over too much cash to the IRS, which they theoretically use run the country. That’s money you could have put into a bank or in an investment that accrues interest.
Learn all this and more with the Don’t Tax Yourself! tax guide by Couponbox.
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