- Read the tax booklet that corresponds with your tax forms to make sure you are not overlooking any tax credits that you are eligible for.
- Don't get a rapid refund or loan. These usually have high interest rates and may not be faster than if you just filed electronically.
- If you owe don't file late, if you think you will need an extension request it now. You will save yourself headaches and money.
- There are several free tax software available that you can use if you have access to a computer.
- If you cannot afford to hire a tax preparer search for free tax filing services in your area, start with your local library or government tax authority.
- Be aware of new tax tables for Federal and State for 2007.
- If you have defaulted on your student loan and you are expecting a refund, chances are your tax refund will be taken to pay for your overdue student loans.
- Make a donation to a charity, you have until December 31, 2007 to make donations.
- Keep records of your tax forms for at least 3 years.
- Enter accurate information on your tax forms to prevent being audited.
Copyright © 2007 H.E. Freeman Enterprises
2 comments:
really good tips! I think that will help me. The other one I found that was helpful is this: Rooms feel larger, airier, less cluttered, and more pleasant with skylights.
this act tax foreclosure , this is a bill that would eliminate tax on forgiven debt. Here is a brief explanation (from an earlier post on this blog): If a mortgage lender forgives debt as part of a short sale or foreclosure or what have you, they
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