Filing taxes at home with tax prep software
MACON, Ga. — Tax Season is upon us and filing your taxes yourself is becoming the norm.
In 2017, the IRS was expecting 4 out of 5 tax returns will be prepared electronically using tax return preparation software.
When it comes to filing your taxes at home there are some things you need to look out for.
“Look for one that has access to a tax professional in case you have some confusion over the language,” says George Claude, a tax professional at H&R Block.
Deciding which option to take, George says it depends on what you feel most comfortable with.
“It depends on your situation. If you still work the same job, your family life hasn't changed or anything like that, then certainly do-it-yourself- software more convenient,” said Claude.
But he wants everyone using tax prep software to be aware of that they’re aren’t any do-overs if mistakes are made.
Claude also advises that if you are planning to do your own tax returns via software, be aware of the changes in tax law.
“I think it's a good idea, just a good common working knowledge of tax law. So you can know when a law has been passed or changed, you have some knowledge to know it's beneficial for you or not.”
Fortunately, this year filing your taxes will be similar to the 2016 tax year. Changes are expected for next year’s filings with the new tax code.