Blog: Prepare Your Own Taxes! Gain financial insight. An additional benefit to preparing your
own taxes is that it will give you a closer look at your finances, and what effect certain saving options have on your return. For instance, I never realized the amount of money you can deduct by making tax-deductible donations until I started filing my taxes on my own. In fact, depending on your income tax bracket, donating unwanted items could be more beneficial than selling them. I also learned to max out my IRA contributions each year to fully take advantage of that credit. (taken from: usnews.com)
own taxes is that it will give you a closer look at your finances, and what effect certain saving options have on your return. For instance, I never realized the amount of money you can deduct by making tax-deductible donations until I started filing my taxes on my own. In fact, depending on your income tax bracket, donating unwanted items could be more beneficial than selling them. I also learned to max out my IRA contributions each year to fully take advantage of that credit. (taken from: usnews.com)
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