Tax season is officially in full swing!
Last week I got my W-2 forms in the mail from my old job, so now I'm good to go on my taxes! But this is the first year I'll be doing my own taxes and all I can think is, "Where do I even begin?"
I know it can be overwhelming if you don't know what you're doing. But my friend and fellow Spokester from Young & Free Alabama brought to my attention some helpful resources for doing your taxes. Check it out:
Turbo Tax offers a basic service at no cost for federal returns. There is a small fee for state taxes, but I am totally biting the bullet and doing it online. It is best for me because I can stop working on it and it saves my place. It also asked me a bunch of questions and I got some deductions that I didn’t know I qualified for. You can also upgrade your software if you need more than the basic service.
I am sure that you have seen or heard about H&R Block or places similar to them offering to do your taxes for you. They’ll ask you that same questions as Turbo Tax, but they prepare your return for you. It can be less stressful, especially if it is your first time filing. On average it costs about $200. Be careful of where you go to do your taxes. Do some digging before you let this guy off the street who promises you thousands of dollars do your taxes.
If you make less than $51,000 a year you can actually get your taxes done in person for free through the IRS’s Volunteer Income Tax Assistance program (VITA). There are locations all over Maine, so be sure to click here to find date and location near you.
These options are all used by several people to get their taxes done. If you want to do it yourself then try the online approach and if you need some help then go to one of these in person options. Filing your taxes doesn’t have to be scary!
Hope this helps!