No one likes paying taxes, but you can ease the pain by avoiding these common pitfalls.
Before filing, make a list of all expected income sources. If you’re missing a 1099 or W-2, ask the issuer for a replacement form or online access to the original.
You have until April 18 to contribute to to an Individual Retirement Account (IRA) and Health Savings Account (HSA) for the 2022 tax year. Both can shave your tax bill this spring.
The standard deduction is best for most people, but if you paid more than $12,950 in medical bills, mortgage interest or other write-offs in 2022 you could save big on taxes.
If your adjusted gross income was $73,000 or less in 2022 you can use IRS Free File instead of paying $100 or more for a commercial program.
Waiting until tax day, which falls on April 18 this year, will leave you scrambling and more prone to mistakes. And it’s harder to get last-minute help if you need it.