With the 2014 Tax Filing deadline approaching us soon; now is definitely time to consider filing your taxes or making arrangements to avoid penalties. Just like with many things these days there are savvy ways to use tax strategies to save cash on tax filing. Now is the time to get your tax forms filled out and tax returns filed by mail or electronically. If you haven’t started filing your tax returns it is time to start especially with the April 15th deadline around the corner.
What is great these days (thanks technological progress in the 21st century) is that taking care of taxes has become much easier. Even being a 1980s baby, I remember the days of paper filing. One of the simplest ways to take care of the tax filing dilemma is by using online tax preparation software like TurboTax or H&R Block At Home. And to make things even better, you can save money just by using your credit card. Saving money is the key to a successful tax return and the tax season can be very stressful on everyone in the family.
Here are some Tax Tips that can save frustration and money:
Being organized throughout the year is key to a stress-free tax filing season. Whether you are a small business owner or working for an employer, it is super important that all forms, addresses, and necessary information are up-to-date and current. Don’t forget all documentation including all forms for all taxable income including dividends, business income, capital gains, selling your home, rental income, etc.
Understanding all the tax deductions you qualify for is important to help minimize taxes due or maximize a refund owed. Other deductions that may require itemization and those that do notsuch as charitable donations, moving expenses, college tuition and more can be filled out through tax preparation software. Some tax credits that can be financially helpful include the earned income credit, child tax credit, retirement savings credit, and others. Check out the IRS website for more helpful information and resources before that tax deadline filing date.
If you purchase TurboTax or H&R Block At Home through ShopDiscover.com , Discover’s exclusive online shopping portal for cardmembers, you can earn 20% Cashback Bonus on H&R Block At Home and 15% Cashback Bonus when you buy TurboTax. For example, the H&R Block Deluxe tax filing program retails for $29.99. By purchasing with your Discover card through the ShopDiscover portal, you can earn $6 Cashback Bonus, just for shopping online!
What’s not better than saving and filing all from the comfort of your home?
I am a compensated brand ambassador for Discover. All opinions are my own.