Tip of the Day: Tax Survival Guide
Advice on surviving tax season.
April 1, 2010— -- 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.
When you do volunteer work for charity, you can deduct any expenses related to that work -- like gas or parking if you drive there.
Check out these additional tips to help you navigate tax season:
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.
While the majority of Americans strive to submit their tax returns ahead of the April 15 deadline, the IRS estimates that at least 20 million - one in seven tax filers – will wait until the final week. If you haven't filed yet, CLICK HERE for tips on deductions and time-saving tax tricks.
More Tax Tips:
Reports that income tax refunds will be delayed are overblown, some states say. CLICK HERE for more.
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.
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.