Doing your taxes every year is hard enough with the difficulties of the tax code. It certainly doesn’t fit the category of exciting weekend plans. Which explains why most people put off the inevitable till the last-minute. A great idea if you still owe taxes. But if a refund is heading your way, this weekend is a great time to knock out your taxes and get that money in your hands quicker.
Here’s a few tax tips to help speed up the process, lower your tax obligation and get your return in before the tax deadline.
Use The Correct Filing Status
There are five filing statuses: single, married filing jointly, married filing separately, head of household and widow with dependent child. You may qualify for more than one. Choose the filing status that gives you the lowest tax obligation. Also, your marital status on the last day of the year determines your status for the entire year.
Double-Check Your Info
Sending in the wrong information may be an honest mistake but it only slows down the tax filing process. Continue Reading…