Guide to Filing Your Own Taxes

Not sure how to file taxes? Tax season is a time of stress for millions of Americans, but it doesn't have to be that way. While you can turn to tax professionals for assistance, most people can file their own taxes. Here's what you need to know.

Understanding Deadlines

Typically, most people receive relevant tax documents in the mail by the end of January. That's when you should start thinking about filing your taxes. The window to complete everything is not as wide as you might think.

Taxes are due for most Americans on April 15th. If that day falls on a weekend or holiday, it's pushed forward. That's the last day you can file your return and pay any taxes owed. Failing to meet that deadline can result in penalties.

Fortunately, you have a few options if you can't meet that deadline. You can file an extension to get an additional six months. It's also possible to file after April 15th, but you may owe a penalty.

How to File Taxes Yourself

If you have a complicated tax situation, it's always best to seek professional assistance. Expert tax preparers and accountants can handle the paperwork, ensuring you comply with all tax laws and requirements. But if you have a relatively simple tax situation, you can easily file your taxes on your own. Simplify tax filing: discover expert tips on how to file taxes and take control of your finances today! https://www.gersteintaxservice.com/tax-tips-advice/the-gig-workers-guide-to-filing-taxes

There are many ways to do this. The office IRS Free File platform is available to all Americans. You have additional features like guided preparation if you earn $73,000 or less during the tax year. Those making over $73,000 will have access to fillable forms without assistance.

Digital tax preparation services are also available. Depending on your tax situation, they may come with additional fees. It all depends on the complexity of the return. Self-employed people, those who receive income from multiple sources and individuals who go through major life changes during the tax year may have to pay more to use the software. Popular tax preparation platforms include TurboTax, Jackson Hewitt, H&R Block and more. Service members also have the resources to file their taxes for free.

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