Let's face it - filing your taxes can be complicated. There's no denying this fact, and unfortunately there's no way to avoid the hassle and frustration. There's a reason they say that death and taxes are the only two constants in life. But just because you can't avoid them doesn't mean that taxes have to be the most dreaded part of your year.
While there was once only the option of either filing your taxes on your own with paper forms or hiring an accountant or tax preparer, nowadays there is a huge variety of programs, apps, and services to simplify the process of filing your return, and here are 4 of today's most popular options.
TurboTax is by far the most popular and simplest tax prep services out there. It's interface is designed to be incredibly easy to use as it walks you through the full process of filing your taxes: inputting your W-2 form, entering all forms of income, itemizing deductions and finding you the maximum return possible. TurboTax is one of the most well-liked online filing services around, and with the intuitive way it's designed to make doing your taxes a breeze, it's easy to see why.
To effectively file your taxes, you're going to need to know how much you spent on certain things in the past year, and the most effective way to do that is with an expense tracking app. There are a lot of them on the market, but some of the most common are PaperTrail, ShoeBoxed, OneReceipt and Mint. Each of these apps tracks your credit card purchases and automatically organizes them into categories, even following trends and patterns in your spending.
For example, some of the more common deductions when filing your taxes are school-related expenses for students, daycare costs, business related expenditures and medical bills. All of these categories can be easily tracked by any of these handy apps, which makes maximizing your return easier than ever.
If neither of the above options is right you, then it's time to bring out the big guns: accountants. A quick online search will likely show numerous tax filing accountants in your area, and from there you can choose one based on your needs and the complexity of your tax filing. While it can be a bit of an investment, if you anticipate that your taxes are going to be complicated, a good accountant can easily save you enough money cover the expense of their services. Best of all, you don't have to do anything except wait for your return.
Another important part of prepping for filing is to be financially stable while waiting for your refund. One way to ensure that your expenses are covered in the mean time is taking out a title loan. Title loans are a fast and convenient way of getting fast cash to deal with emergencies and straightening out your finances while waiting to receive your tax return.
If you're interested in taking out a title loan, just fill out a simple online request form and speak with a store representative when they call you back to explain the simple process of turning the equity of a vehicle you own into fast cash you can use today. Depending on the value of your vehicle and your ability to repay the loan, amounts are available up to $15,000, and you could be in and out of a store in as little as 30 minutes.