If you’re anything like me, thinking about doing your taxes on your own makes your head spin. Deductions, credits, 1040A/EZ/PC, and 1099. Trying to understand the terminology, the tax laws, not to mention gathering all the confusing documents you need, can be overwhelming.
You can calm your anxiety by using the following checklist to prepare:
- Gather your documents
- Collect information for everyone in your household
- Gather additional items to get a larger refund
- Get ready to file!
Sponsored by the Walmart Foundation, MyFreeTaxes.com is a FREE tool that lets taxpayers who earn $57,000 or less (almost 80 million of taxpayers in 2011), file federal and state taxes online. If you’re filing a simple W2, why not file for free. The site offers step-by-step guidance, and even resources to help you understand what happens after you file.
Ease your mind, file now, and be ahead of the game when April 17th comes around.