9 last minute tax filing tips
You know what time it is.
If you’ve waited until now, the time is running out. But it’s not too late to get your taxes done right.
Here are some tips to help you file your taxes, last minute.
1. Organize beforehand:
Get everything in one spot before you start. You will need receipts, social security numbers, a checklist of deductions, your various forms (including interest on savings account, mortgage interest and income). Check out Turbo Tax’s tax prep checklist to make things easy.
2. Save Money:
Just because it’s last minute doesn’t mean there aren’t deals to be had on tax software. Save 18% on Turbo Tax and earn 15% ShopAtHome.com Cash Back, now through tax day.
3. Avoid errors:
Although it’s last-minute, don’t rush. Pay attention, know the rules and avoid errors, which can delay your refunds and slow the process. Make sure you check social security numbers and have signed all of the necessary forms.
4. Read up before you file:
Educate yourself about different credits and deductions so you know what to look for, what information you need to collect and how to get the tax return that you deserve. For example, you may qualify for the Earned Income Tax Credit, or credit for contributing to your retirement plan.
5. File electronically:
This is much quicker than filing via snail mail, and many of the e-tax software out there will mark potential errors and help you avoid making mistakes. The IRS offers free filing online, or you can look into the popular companies out there, such as H&R Block and Liberty Tax. Bonus: Much of this software will do the calculations for you, which will save you time (and headaches).
6. Get professional help:
If you’re feeling overwhelmed, you don’t have to go at this alone. Walk into an H&R Block or consult with a tax pro virtually and ease the burden.
7. Make a copy of your return:
Just in case, it’s always smart to make a copy of your e-filing. This will prevent you from having to do it again, in case there was a technical glitch. It can also be useful to consult in future years.
8. Sign up for a direct deposit instead of check:
This can speed up the process of getting your tax refund. But make sure you double check your bank account numbers and info.
9. Consider requesting an extension:
If you need more time or rushing it would result in inaccuracies, file for an extension. You can request this online at IRS.gov.