Tax season is one of the most dreaded times of the year. Almost every citizen will need to pay taxes at some point however the process is never taught in school or outlined publicly. Here is your quick and easy way to navigate your taxes regardless of what tax bracket you fall into and how complicated your finances are.
Simple
Filing taxes for those who are not married and have no current dependents is very simple. TurboTax is an excellent program that will walk you through the filing process step by step and help you identify where you may be able to find money in the form of returns. If your finances are very simple you may be able to use the free version of the program.
Intermediate
Those who have multiple dependents, a steady job, and/or a couple of investments have a slightly more complicated process ahead of them, however it is still completely manageable with the right assistance. Your best choice is to utilize the TurboTax program which is capable of helping you sort your finances in order to accurately report them and find the maximum number of exceptions you can claim in order to save some money. The program is easy to use and walks you through the entire process with intuitive steps that will have you through tax season unfazed.
Complex
For those who have a complex financial situation, such as business owners or those with substantial investments, it is probably a good decision to work with a tax accountant in order to make sure that you are able to sort out your finances and accurately report your earnings to the government. You still have the choice to do your own taxes however it will require a more in depth knowledge of the subject than most people have access to.
Regardless of your current financial situation if you are looking to learn more about the intricacies of the tax system or how to best navigate the process in order to maximize your tax return, there is valuable information to be had. Here is one of the best sources of information for those who are looking to take their taxes into their own hands and learn the ins and outs of tax season.
Ernst & Young Tax Guide 2014
