With April 15th looming just around the corner, many people are still scrambling to file taxes (unless they filed for an extension). If you have not filed your taxes yet, one of these 10 tips might help you maximize your tax return this year.
Guest Contributor, Alexandra of Real Simple Finances.com
1. Choose your tax preparer carefully
Some people prefer doing their own taxes. Doing your taxes yourself can be cheaper, and you usually have better insight into your own situation than your accountant will.
Personally, I visit a CPA. My accountant is wonderful to work with, and although it does cost us more money to have him prepare our taxes I feel comfortable having a professional handle my taxes and answer my questions.
In this case, you must make a personal decision. It is very possible for you to find ways to save money on your taxes on your own – after all, you have taken the first step in doing so by reading this article! However, tax professionals also have an arsenal of tax deductions that they are aware of.