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Timely Tax Tips

Dec 07, 2017
Tax Tips

Tax day is Tuesday, April 17th. Here are some simple tips to get you through the season!

  • Gather your records.  Make sure you have all your tax records. This includes receipts, canceled checks, and other records that support income, deductions or tax credits you claim. If you purchased health insurance through healthcare.gov, you will need the information in Form 1095-A to file.

  • Try IRS Free File. If you made $62,000 or less, you can use free name-brand tax software to file your federal tax return. If you earned more, you can use Free File fillable forms, an electronic version of IRS paper forms.
  • Use IRS e-file. Electronic filing is the best way to file a tax return. It’s accurate, safe, and easy. If you owe taxes, you have the option to e-file early and pay by April 18 to avoid penalties and interest.
  • Use Direct Deposit.  The fastest and safest way to get your refund is to combine e-file with direct deposit. The IRS issues more than nine out of 10 refunds in less than 21 days.

Every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. These are your Taxpayer Bill of Rights. Explore your rights on IRS.gov.

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  • Redwood Review

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