Category Archives: Tax Preparation

When you become a new parent, you understand how expensive—and joyous—it is to care for a child. Luckily for you, there are tax breaks to help you pay for some costs associated with a new child.

Playing the waiting game is no fun—especially when it comes to waiting on money.

If you’re like most people, you want your tax return in your pocket as soon as possible, and the good news is there are few ways to speed up the entire process!

Welcome to March – that time of the year when people who haven’t filed their taxes yet fear that inevitable hit of looking for time to do the math, tracking down someone to do that math for them or trying to figure out all of the changes to the tax code.

However there are some things to keep in mind when doing that math and that’s “what can I deduct?” Whether doing your own taxes or hiring a professional to do it for you, here are the best 5 deductions you can make for 2013.

So it’s officially crunch time for taxpayers to wrap up their tax returns or, in the case of some, to start working on them. If you’re one of the many people who wait until the last minute to file their taxes, here are some tips to help get you going.

You should first start by collecting the information and papers you’ll need such as:

• Social Security numbers
• Wages and earning statements like W-2’s
• A copy of last year’s tax return
• Bank routing and bank account numbers if you plan to have your refund directly deposited or a payment automatically withdrawn

Yes, we’re aware, taxes take time. And sometimes, it just seems impossible to get around to filing your taxes by that darned April 15th deadline. However, you’re not the first person to find yourself in this predicament. Every year, about 7% of taxpayers – roughly 10 million – file for a six-month extension.

But if this is the first year you find yourself landing in this group, read on to see what you need to know about filing an extension.