As you’re no doubt aware, Tax Day 2017 was April 18, 2017. How was your filing?
Did you decide to push the task off to the last minute due to the fact that you’re lacking experience? If so, you’re not alone. Filing your taxes on your own may be intimidating, but it’s not impossible. Getting familiar with the basics can prepare you for filing in the future, plus it can even get you a better tax return. Filing your taxeson your own may be intimidating, but it’s not impossible. Getting familiar with the basics can prepare you for filing in the future, plus it can even get you a better tax return.
Photo courtesy of Stocksnap.io
Here are a few tips for filing taxes on your own for the first time:
1. Educate yourself
If you have no idea what you’re doing, use the online resources provided by the Internal Revenue Service. You’ll learn what you need to get started, how to check the status of your refund and how you can prepare for next year. The Interactive Tax Assistant, for example, is a helpful tool that lets you ask questions in regard to tax law.
2. Use last year’s return for reference
Before you sit down and start filing, make sure you have your federal and state returns from the previous year. Go Banking Rates suggested referencing last year’s returns since most of the information you’ll input is the same. Otherwise, be sure to make note of major life events, such as getting married, having a child or starting a new job.
3. Use software
To keep your stress levels down, use software to file your taxes. The IRS suggested ditching the old-school method for e-filing because it’s the safer and simpler option . The software does the math for you, which ensures you’ll enter accurate data.
4. Don’t forget about deductions and credits
Many people often overlook the deductions that could get them a better tax return, according to Bankrate. For instance, did you know that the IRS allows deductions for printing your resume and traveling to search for a new job? You can also claim charitable contributions and child care. Keep this in mind while you’re filing your taxes – hopefully, you’ve kept all of your pay stubs and receipts throughout the year!
5. Take your time
You may have waited until the very last minute to file your taxes, but that doesn’t mean you should rush through them. If you don’t take your time while filling out your information, you could make a mistake that delays your refund.
If you still don’t feel confident regarding tax filing on your own for next year, or you have questions and concerns related to filing your taxes, reach out to the tax, trusts and estates attorneys at Scarcini Hollenbeck. They can provide the guidance you need to file successfully for next tax season.
Common Causes of Partnership Disputes and How to Resolve Them
Business partnerships, much like marriages, function exceptionally well when partners are aligned but can become challenging when disagreements arise. Partnership disputes often stem from conflicts over business strategy, financial management, and unclear role definitions among partners. Understanding Business Partnership Conflicts Partnership conflicts place significant stress on businesses, making proactive measures essential. Partnerships should establish detailed […]
Businesses Are Facing Financial Headwinds—A Practical Guide
*** The original article was featured on Bloomberg Tax, April 28, 2025 — As a tax attorney who spends much of my time helping people and companies who have large, unresolved issues with the IRS or one or more state tax departments, it often occurs to me that the best service that I can provide […]
President Trump's Termination of Member Gwynne Wilcox
On January 28, 2025, the Trump Administration terminated Gwynne Wilcox from her position as a Member of the National Labor Relations Board (NLRB or the Board). Gwynne Wilcox, a union side lawyer for Levy Ratner, was confirmed to the Board for an original term in 2021 and confirmed again for a successive five-year term expiring […]
Breach of Contract Explained: Types and Consequences
Breach of contract disputes are the most common type of business litigation. Therefore, nearly all New York and New Jersey businesses will likely have to deal with a contract dispute at least once. Understanding when to file a breach of contract lawsuit and how long you have to sue for breach of contract is essential […]
How to Dissolve a Corporation in New Jersey: A Step-by-Step Guide
Closing your business can be a difficult and challenging task. For corporations, the process includes formal approval of the dissolution, winding up operations, resolving tax liabilities, and filing all required paperwork. Whether you need to understand how to dissolve a corporation in New York or New Jersey, it’s imperative to take all of the proper […]
Gross Lease vs. Net Lease: Understanding the Key Differences
Commercial leases can take a variety of forms, which is often confusing for both landlords and tenants. Understanding the different types, especially the gross lease structure, is important when selecting the lease that best suits your needs. One key distinction between lease types is how rent is calculated and paid. This article addresses the two […]
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
