Have you prepared your taxes yet? I hate to break it to you, but April 18th is right around the corner! If tax season is something you don’t look forward to and you try to avoid preparing your taxes until the last minute, you’re in luck. Financial reporter Kelsey Hubbard was kind enough to join me for an interview this week to share simple ways you can ease your tax season anxieties and make preparing your taxes just a little bit easier.
Candace Rose: There’s a lot of stress when it comes to preparing our taxes. Do you have any tips on how we can stay calm this tax season?
Kelsey Hubbard: “It’s fair to say Candace that tax season does invoke that sense of dread in everyone, so everyone should just understand they’re not alone, but they really don’t have to fear. There are some simple solutions that can make your tax matter a little less taxing shall we say!
One of the biggest things that you can do is to get your necessary documents together. To make preparing your taxes go smoother, make sure you have all the information you need at your fingertips including the forms that have been coming in since January such as the W-2s, the 1099, mortgage interest statements, the student loan statements and of course any receipts that you’ve been collecting throughout the year related to moving, medical bills, or work expenses. Have them all together before you sit down to file your return.
There are many ways to help simplify that process and one of them is having an all-in-one printer like the Epson Workforce ET 4550 EcoTank. It is key in this process because it can help you scan, manage and organize all those documents so you won’t have to waste valuable time sorting through a shoebox full of receipts.” (You can find out more information on the Epson printer in the video above).
Candace Rose: How about when it comes to deductions?
Kelsey Hubbard: “That is such a key part of filing your taxes. About 50 million Americans will be preparing and filing their own tax returns this tax season, so the experts at TaxSlayer.com want to remind you to pay attention to the deductions that are commonly overlooked such as medical costs, infertility treatments, and home office expenses and things like that. Claiming all the deductions that you qualify for can help you get a bigger refund, and who doesn’t want to get that and everything that you’re entitled to.
Of course once you have that tax refund, what do you do with all that money? A lot of people want to make sure that they invest it wisely and at TaxSlayer.com they say you can make smart investments in your home or in your retirement accounts or college funds. By doing that you might actually get tax deductions for next year’s returns too.” Be sure to check out the video above for more details on TaxSlayer, and how you can get TaxPerks with TaxSlayer’s rewards program.
Candace Rose: Do you have any additional tips or information you’d like to share with us?
Kelsey Hubbard: “You can get more information at my Twitter @KelseyHubbard, and there are a lot of ways you can avoid the stress by using Casio’s HR-100TM Plus 12 digit desktop printer calculator. It has an easy to read display and special tax keys especially for this time when you’re doing tax calculations. What I love is that it has two color printing, which has positive entries in black and deductions in red.
When you file and you get that return you’re going to want to take a little bit of that return to treat yourself. Recent data shows that 56 percent of Americans have not taken a vacation in the last year. If you fall into that category you’re going to want to make sure to get some R&R. You don’t have to spend a lot of money or go really far away from home. You can use a great website called Gogobot which will help you book hotels and help you plan vacations abroad, or you can find some great locations right at home.” You can find more information on Gogobot in the video above.”
Segment furnished by: Epson, Casio, Tax Slayer & Gogobot. Candace Rose Anderson was not compensated by any sponsors for this interview.