
Tax Season
Right around the corner!
If you are like myself and a working professional in your mid-20s you usually have a few options when it comes to filing your taxes. For one you could run back to your parents and plead confusion and relegate responsibility to them and hope they kick back the proceeds of the return. That's a highly sought after approach however, you could head to an H&R Block and get your taxes filed by some guy wearing a neck tie named James. James is probably a nice guy but he when he asks you whether or not you had moving expenses and to pick a dollar amount between $100-$2000 to claim, it doesn't instill the highest confidence that you're taxes are getting done right. Another option is to take hold of your own situation and file them yourself using a piece of experienced software like TurboTax. Take the 1-1.5 hour out of your year to go through it thoroughly and file your state and federal. Most likely you will be filing a standard deduction rather than an itemized return. This simplifies the process for you as you go through the software program answering the step-by-step questions to get you to the finished line.
TurboTax is my go-to tax season helper to file my annual federal and state taxes. Take a look at the Financial Advice column around tax season, I'll have some pretty good stuff going up!
Don't be a victim of stolen identity tax return fraud. Listen to the this segment of 60 minutes from September 2014.