The Advantages of Filing Your Own Taxes

The Advantages of Filing Your Own Taxes

Very few people enjoy doing their taxes. It’s the reason many turn to professional tax preparers, such as accountants or H&R Block and other services. Many others are confused by tax law and don’t want to make any mistakes. Fortunately, technology has made filing taxes easier than ever before. Popular tax preparation software, such as TurboTax are now more sophisticated and simple to use. The best part is you will save far more money.

Filing your own taxes can make a huge difference in your bank account.  The average tax preparation accountant charges $273 for a standard federal income tax return. However, using computer software can cost up to $130, including fees. Do the math and you are saving more than 50%.  There are also do-it-yourself tax preparation services that are completely free.

Cheaper Options

Did you know 70% of Fort Lauderdale taxpayers qualify for free file program? There are government-approved companies, which allow people to file their taxes electronically at no cost. To qualify, your earnings must not exceed $60,000. However, if your income is above the limit or there are further complications with your taxes, there are plenty of tax preparation services that charge between $15 to $40.

Sophisticated Technology Made Simple

Today’s computer software is extremely easy to use. Each comes with step-by-step instructions designed to simplify the tax filing process.  You may never need to use an accountant again. But regardless of the software or program you choose to use, it is important to have all of your tax documents ready. Failure to provide all of your income information may require a person to file for an amendment. It can also result in future tax problems, including an IRS audit. But using computer software to file taxes is not for everyone. Those who have more complicated situations, such as the ownership of multiple properties or have significant money and income tied to investments, they may be better off using a certified tax preparer.

Faster Refunds

We could all use a little more money in our wallets. Countless people throughout Fort Lauderdale are expected to receive a tax refund from the IRS. Filing your own taxes gives a person greater control. The truth is many professional tax preparers are often busy with multiple clients. You may even have to wait to make an appointment. By filing your taxes quickly, you can increase your chances of receiving a refund much sooner.

Becoming More Tax Savvy

Filing your own taxes also helps people learn more about the system. It can even blend into your daily life. Many people in Fort Lauderdale discover the importance of responsible spending and being organized. The more you know, the greater your chances to reduce taxable income for the future.

Do You Have a Question About Florida Tax Law?

Most people don’t spend their time reading about tax law. However, many Fort Lauderdale residents are struggling with back taxes, audits and tax liens, bank levies and a variety of tax problems. An experienced Fort Lauderdale tax lawyer can help. Attorneys Ira L. Zuckerman and Lauren J. Mata bring more than 30 years of combined experience helping people resolve their issues with the IRS and get on with their lives. To learn more, contact the law offices of Zuckerman & Mata, LLC and schedule a consultation to discuss your case.