Close Menu
    Facebook
    BakensteinBakenstein
    • Home
    • Business
    • Career
    • Finance
      • Copay Assistance
      • Loans
      • Insurance
      • Money Management
      • Investments
      • Make Money
      • Money
      • Saving Tips
    • Home Improvement
      • Bathroom Remodeling
      • Home Decor
      • HVAC
      • Home Maintenance
      • Outdoor Living
      • Plumbing
      • Roofing
    • Law
      • Car Accident Lawyer
      • Criminal Law
      • Family Law
      • Personal Injury law
      • Real Estate Law
    • Real Estate
    • Technology
    BakensteinBakenstein
    Home»Finance»Getting The Most Out Of Your Tax Return: Tips For Filing Your Own Taxes
    Finance

    Getting The Most Out Of Your Tax Return: Tips For Filing Your Own Taxes

    November 21, 2018Updated:August 3, 202403 Mins Read

    More and more Americans are choosing to file their own tax returns each year.  An average of thirty-three percent of all Americans provide their own tax filing services, and too many of those people are unknowingly cheating themselves out of hundreds of dollars each year.

    If you’re going to make the bold move of filing your own tax return, you need to make sure your mind is fluent in tax speak.  Learn something new now, and read through this brief look at a few tips for filing your own taxes.

    Tips For Filing Your Own Taxes

    Know filing deadlines and consequences

    Start simple, and familiarize yourself with the necessary deadlines for filing taxes in the U.S.  Most people have April 15th memorized as a hard cut-off date for tax filing, but that doesn’t necessarily represent the truth of the matter.

    The due date for filing can shift.  If April 15th falls on a Sunday, the deadline for that year will be set for a future date.  The deadline will never fall earlier than April 15th, and there are always ways to file after the due date.

    Make sure it’s necessary for you to file

    A lot of people file federal taxes, even when they aren’t really required to do so.  Make sure it’s a necessary evil in your life before you put yourself through the clerical annoyance of filing taxes.

    If you make less than $12,000 over the span of a year, you are not required to file a federal return form.  Most online filing platforms will lead you through a questionnaire that will help you determine whether or not you really need to file.

    Gather the necessary documentation

    Before sitting down to a nice personal tax session, you want to make sure you have all of the proper documentation gathered together.  Otherwise, you will be scurrying around trying to dig up old paperwork to fill in a blank you have come to resent.

    Gather together all of your W-2’s for the past year’s work, for starters.  Here are a few other pieces of info you may need to complete your filing as well.

    • W-2G (Gambling winnings)
    • 1099-INT (Interest documentation)
    • SSA-1099 (Social security income)
    • 1098-E (Student loan interest)

    Find a well-built filing platform

    There are several different filing platforms online from which to choose, but they are not all created equal.  There’s no reason you should have to pay a ridiculous amount to file your taxes, so don’t let an online filing platform charge you an arm and a leg.  There are those that will allow you to file for free.

    File electronically for a faster return

    Set up your electronic PIN for filing your taxes electronically.  Your PIN (setup by the government) will act as a signature for your digital paperwork, so you don’t have to physically mail in your finished product.

    Also Read:

    1. 3 Things You Should Know About Federal Taxes
    2. Tips for Filing Financial Claims To Ensure Vital Success
    3. Why You Want To Avoid a Tax Audit
    4. Mortgage Calculator with Taxes to Support Economic Plans
    5. 4 Tips For Paying Your Debts Back To The IRS
    6. The Advantages of Paying Deferred Self-Employment Tax
    7. 5 Tips When Setting a Budget For Building a Home
    Previous ArticleHow to Seamlessly Combine Offline and Online Marketing ?
    Next Article 4 General Money Management Tips For Thrifty People
    Vlalithaa

    Related Posts

    High-Yield Savings Accounts Are Worth a Second Look, and Here’s Why

    July 11, 2025

    AI in CFD Trading: The Future of Automated Strategies Explained

    July 11, 2025

    How to Use a Cash Advance Wisely to Stay Financially Afloat

    July 10, 2025
    Add A Comment

    Comments are closed.

    Follow Us
    Recent Posts

    High-Yield Savings Accounts Are Worth a Second Look, and Here’s Why

    July 11, 2025

    AI in CFD Trading: The Future of Automated Strategies Explained

    July 11, 2025

    Simple Strategies for Selling a Home in Any Market

    July 11, 2025

    Reducing Truck Accidents: Practical Strategies for Safer Roads

    July 11, 2025

    How to Use a Cash Advance Wisely to Stay Financially Afloat

    July 10, 2025

    Planning Retirement? 8 Ways to Keep Your Cash Flow Flexible

    July 10, 2025

    Dubai’s economic growth catalysts beyond iconic landmarks

    July 10, 2025

    The Best of Both Worlds, A Touch of Class with Convenience Assured, Essential Home Upgrades!

    July 9, 2025
    About
    About

    Get the latest news, analysis, and advice on the world of business, finance, investing, and money management on our comprehensive website.

    Facebook
    Recent Posts

    High-Yield Savings Accounts Are Worth a Second Look, and Here’s Why

    July 11, 2025

    AI in CFD Trading: The Future of Automated Strategies Explained

    July 11, 2025

    Simple Strategies for Selling a Home in Any Market

    July 11, 2025
    Popular

    How to Navigate the Complexities of Tax Issues: A Guide for Small Business Owners

    April 11, 2025

    Unlocking Value: Strategies for Maximising ROI in Residential Developments

    July 31, 2024

    The Environmental Impact of Fuel COD: Exploring Sustainable Delivery Options

    October 6, 2024
    © 2025 Bakenstein.com. All Rights Reserved.
    • Home
    • Contact Us
    • Sitemap
    • Feed
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.