If you still haven't filed you taxes, you only have about two months do to it. Hiring a professional accountant to help you can make it easier, but it can be costly too. There are some free and low-cost ways to file your taxes. Our Money-Saving mom Amy Suardi of Fayetteville stops by Today in Central New York Thursday with some tips.
You can read more about it in Amy's recent blog:
I remember reading an article where a reporter tested H&R Block's home software, Turbo Tax and a high-end professional accountant and concluded that - in terms of getting the biggest refund - an accountant was only slightly better than TurboTax.
As I explained recently, I started taking the route of tax prep websites and software once my taxes got simpler. An accountant charges about $300 to prepare an itemized tax return, and a walk-in service averages about $200. While I am so thankful these services are there for when things get complicated, I am equally grateful for the budget choices.
Most people with typical situations, such as a mortgage, two incomes, investments, charitable gifts, even self-employment income, can use tax prep software. The New York Times this week road-tested the most popular tax prep software programs - TurboTax, H&R Block at Home, and TaxACT.
Click here to read the rest of Amy's blog.
