Tips & How-Tos // 01.30.14 // Add Comment

How To: File Your Taxes

If you've decided to file your own taxes, Lynnette Khalfini-Cox, The Money Coach, says it is best to use software to help you do the math and figure out your deductions.

IRS
If you make $58,000 gross annually or less, you can use the free software provided by the IRS to file your federal tax return. The IRS also has some State Tax Return software available, but it depends on where you live. Lynette says some of the biggest brands have helped the IRS come up with this software, so it’s very reliable.

H&R Block
H&R Block handled 1 in 6 individual tax returns in the US last year, and Lynnette says they're a great place for first-time filers to go, or someone with a complicated return. You can also use their software online if you have a simple return.

TurboTax
This is a great software program, Lynnette says, especially for people with a simple tax return. It’s quick, easy, and does all the math for you!

How will you file your taxes this year? Tell us in the comments.

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