How to File Taxes Online

If you’ve never had to file your own taxes or if you’re used to letting the folks with the big green sign take care of it, this is your year to shine. Allowing someone to completely your taxes is a waste of money in most cases – especially if you don’t own a home. And if this is your first year to pay taxes – congratulations, we wish you a happy refund.

Filing your taxes online is actually the last step in your tax preparation process. If numbers scare you, don’t worry – preparing and filing your own taxes is as simple as filing in the blanks in most cases. Unless you have a special circumstance such as being a single mother or you own your own home and have sizable investments, filing your taxes is as simple as taking numbers off your W-2, answering simple questions and clicking a button.

Get Your Tax Paperwork in Order

Your first step is to get your paperwork in order. You’ll need any W-2s from employers and possibly some 1099s which are for money earned that wasn’t part of a salary. You’ll also need your bank statements if you earned interest in your accounts and any student loan documents that show the interest you paid on the loans.

File Taxes Online

If you’re going to file your taxes online, you might as well fill out the forms online, too. TurboTax.com is the most well-known tax filing software, but there are others as well. Select the software for your situation, most likely the free 1040EZ and get started.

File Your Taxes Online

When you’ve filled out all of the forms, simply follow the instructions to file your tax return online. You don’t need to send in copies of your W-2s and other documents. Instead, put everything you used to complete the form into a folder and label it. Don’t throw it away, but place it in a file cabinet to store for five or ten years. Treat every year’s taxes in the same way. If you file it away immediately, you know everything is together should you ever be asked to clarify your returns.

Easy Step By Step

• Gather your information together
• Use the free tax filing software to complete your tax return
• Find free online tax filing services to send your return to the government
• Wait a few days to have your refund delivered to your bank account!

Warnings, Advice, and Suggestions

Trust the government enough to give them your bank deposit information rather than waiting for a check. You’ll have your money much faster and you don’t have to worry about the government learning your secrets. They would get the information if they needed it anyhow.

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