Can I File My Own Taxes?
The only things certain in life are death and taxes, but that doesn't mean that filing your taxes should be the death of you!
Lynnette Khalifni-Cox, The Money Coach, shared these guidelines to help you determine if you should file your own taxes. If you meet these, you should have no problem filing your taxes online with the easy-to-use software and programs. If you don't file yourself, head to a professional; H&R Block handled over 25 million individual tax returns in 2013 for the 2012 fiscal year.
Here's the checklist:
- Married, with a simple filing situation (e.g., no one owns a business or has major investments)
- Not a business owner
- No major investments
- No major real estate holdings
If you match this checklist, Lynnette says you can (and should) give filing on your own a try.
Will you file your taxes yourself this year? Tell us in the comments.