Tip of the Day: Tax Survival Guide

Many people find doing their taxes each year to be a confusing, frustrating process, but there are a lot of ways to save time and money when filing your taxes.

If you hate waiting for your tax return check, you can try direct deposit into your bank account. You could get your return in half the time.

Check out these additional tips to help you navigate tax season:


Reports that income tax refunds will be delayed are overblown, some states say. CLICK HERE for more.

VIDEO: Get your income tax return in half the time with direct deposit.
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Consumer groups warn that taxpayers should be wary of tax refund-anticipation loans, even if you think you can't wait to get that check from the IRS. CLICK HERE for more.

More Tax Tips:

Have a last-minute tax question? Ask "GMA" personal finance contributor Mellody Hobson! CLICK HERE to send in your question and Mellody might answer it on "GMA."

If you're self-employed, you can write off any expenses related to your job, including home office expenses. CLICK HERE for 10 more commonly missed tax deductions.

You can file your taxes online for free. No matter what your income, you can file your tax returns online for free through the IRS Web site at www.irs.gov. CLICK HERE for more tips on deductions and time-saving tax tricks.

Find the tax software that's right for you. CLICK HERE for more.

You can track mileage, check refund status, and calculate withholding and charitable donations -- all online. CLICK HERE for more free Web tools to make filing your taxes easier.

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