How Much Should Tax Preparation Cost in 2024?
Taxes can be scary but it's nothing compared to how much it can cost to have an accountant prepare your taxes! See how much you'll have to pay a professional and a few tips on how you can save money.
Taxes are an inevitable part of adult life and while no one enjoys doing them, we all do.
Here at WalletHacks.com, we want to help you file your taxes, get your return as quickly as possible, and (to the best of our ability) help you navigate this overly complicated world as easily and as quickly as possible so you can go back to enjoying your life.
Taxes can be scary but it's nothing compared to how much it can cost to have an accountant prepare your taxes! See how much you'll have to pay a professional and a few tips on how you can save money.
For a W-2 employee, April 15th is the day your tax return (and any money you owe) is due to the IRS. However, if you have non-W-2 income you actually owe taxes quarterly but still only file a return once per year.
Taxes aren't fun but they don't have to be expensive, there are several ways you can get free or heavily discounted tax preparation software. See all of your options today.
Have you filed your tax return and are wondering where your tax refund is? The IRS processes and pays out refunds on a schedule based on when you file. See the schedule and the tool you can use to locate your refund.
I remember my first (legit) paycheck. I was working at a restaurant as a banquet waiter earning something around minimum…
Taxes are complicated. They’re not hard, they’re complicated. Federal income tax is complicated in the same way that old computer…
If you earn over $200,000 per year, you may be subject to the net investment income tax (NIIT), an additional tax levied on the investment income of taxpayers considered to be high income. This article will explain how the NIIT works, and give you some tips on how to reduce the potential expense.
Ever wonder what the average tax refund is? Wonder no more because the IRS publishes statistics every week! I’ve been…
TurboTax is one of the most trusted tax prep software available. It’s priced based on how much assistance you need…
TurboTax recently changed their pricing structure and it's not clear on the website – we break down the new pricing for 2023-2024 as well as which package is right for you.
Which tax software to choose depends on your specific situation. If you have a simple return in only one state you can likely get your taxes done for free with TurboTax or Cash App Taxes. But if things are more complicated or you want live help from a tax expert then you'll want an upgraded package as you can find with H&R Block.
Cash App Taxes offers a completely free way to prepare you taxes – federal and one state – if you are eligible. If you have a simple tax situation and don't mind using the Cash App, you can file for free.
FreeTaxUSA is a tax preparation software program that is exactly what the name implies – free. It’s free to file…
While TaxAct doesn't have all the bells and whistles of other tax software out there it is generally cheaper to file with them. If you don't need extras, such as one on one support or audit assistance you may want to consider TaxAct. They offer a free version for simple returns and several other levels of service depending on how complicated your taxes are.
H&R Block has been doing taxes since 1955 and has 60,000 tax pros with an average of 10 years of experience. With their many service levels from complete DIY to online assist to fully in-person with a tax pro, you can be sure you are getting exactly what you need without overpaying.
TaxSlayer offers low cost, online tax prep. Their free version isn't as comprehensive as other platforms, for example it doesn't support dependents. However, their paid plans are less expensive than their competitors.
People fail to file tax returns for different reasons. But if you owe back taxes, it's critical that you file as soon as possible. After all, you can't hide from the IRS forever. Besides, you could be missing out on valuable tax credits or even a big refund. Here's how to file back taxes for free.
Taxes can be scary but it's nothing compared to how much it can cost to have an accountant prepare your taxes! See how much you'll have to pay a professional and a few tips on how you can save money.
Thinking of moving to a lower-cost state after you retire? All things being equal, you're better off, financially speaking, moving to a state that doesn't tax retirement income. But which states are those and what other factors should you consider? Here is a list of nine states that don't charge income tax. Learn more.
As we near the end of the year, there are a few last minute tax moves you can make to save some money. Not every move on the list will fit your situation, or be right for you, but check it out to find out. It's time to keep more of your money!
I recently appealed my property tax assessment in a relatively easy appeals process in Maryland, saving me thousands of dollars in what amounted to just an hour or so of work.
The kiddie tax is designed to prevent parents from shifting assets to their children’s names to avoid paying taxes at their own tax rates. But how does the kiddie tax work, and are there ways you can avoid paying it? Here are some tax strategies that may help.
Did you get a deposit from TPG Products or Civista Bank? Do neither of those names sound familiar? Fortunately you have not been scammed, they are related to your tax refund and we'll explain how.
If you received a state stimulus check last year, you may be wondering if you owe taxes on it. We explain the IRS guidance on whether you owe income taxes your those state stimulus checks.
If you’re a real estate investor or plan to be, you need to be familiar with a 1031 exchange, which is a strategy that enables you to sell one property in exchange for another without incurring taxes in the process. In this article, I explain how the 1031 exchange works and cover the various types, as well as the risks and benefits.
If you cannot get your tax return together before the federal tax deadline, you can file a tax extension request to avoid late filing penalties. Perhaps you're navigating a precarious life event, living overseas, or waiting for those final year-end tax documents. It's a relatively simple process, which we outline here in this article.
When you sell your home, you can exclude $250,000 to $500,000 of the capital gains. Learn how I keep accurate records of improvements for home gain tax exclusion purposes.
If you earn over $200,000 per year, you may be subject to the net investment income tax (NIIT), an additional tax levied on the investment income of taxpayers considered to be high income. This article will explain how the NIIT works, and give you some tips on how to reduce the potential expense.