Have you started gathering your information for your taxes?
There are some individuals who wait until the last minute to file their taxes. It's something about getting to the post office before midnight to make sure their tax documents are postmarked and in the mail on time.
On the other hand there are those individuals who like to get started early and get their money back as soon as possible. With this in mind these individuals start off by getting their documentation together early. Depending on what their deductions are (if any besides the standard deductions) will determine the paperwork needed.
Some of the documents needed:
W-2, receipts, if you own a home information on property taxes, home insurance and interest paid on the home, documentation for tithes and offerings from a church, any receipts for charity donations and if you attended school tuition costs. These are just a few of the documents needed to get started. You can check with a tax professional for more information on what is needed.
If you are in the market for a tax preparer or if you are going to attempt to do them yourself there are plenty of of options to choose from. Some of the options available:
Depending on what state you live will determine the amount of income taxes you pay. When it comes to income taxes there are some places to live that are definitely better than others. See the list of the top 10 worst states for taxes. Hopefully when it is all said and done when you prepare your taxes you will end up with money in your pocket.
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