tax tips — March 15, 2019

6-Step Cheat Sheet for Last-Minute Filing

by Susannah McQuitty

I’m in! Let’s file my taxes.

Stressing about last-minute taxes as you try to beat the April 15 deadline? Lucky for you, we’ve got an incredible walkthrough system that makes entering your info a breeze—plus some great tips and tricks for a slick filing experience.

Here are our most helpful blog posts for filing your taxes in 2019. Let’s dive in!

What sort of income do I need to report?

Reporting the money you earned over the last 12 months is usually pretty straightforward at first: You get your W-2 from your employer, or a 1099-NEC from a client, and the filing process kicks off as you transfer numbers from these income source forms to your online tax return.

But what about the income you earned that didn’t come with paperwork? And is there any type of income that doesn’t need to be reported?

Let’s look at a few commonly overlooked income sources that you should include when you e-file.

What’s my filing status?

Choosing your filing status seems simple enough at first glance: You’ve got single, married filing jointly, and married filing separately, but why are there two options for married couples? Why the “head of household” status? Can’t you be the head of your household and be married?

It doesn’t hurt to review what each status means, especially because it could mean the difference between an okay refund and a big refund.

What sort of tax breaks can I get?

You may be strategizing how to get the biggest bang for your buck, since saving money and boosting your refund is top priority, after all!

So what kind of tax breaks are we looking for? Each taxpayer will probably qualify for a mix of credits and deductions, but here are 10 of the most-used tax breaks out there.

A taxpayer filing online using 1040.com at a coffee shop

How can I boost my refund with dependents?

The Tax Cuts and Jobs Act of 2017 shook up the credits, deductions and exemptions for most people’s returns, and families are in for some big changes as far as tax breaks are concerned. Taxpayers with dependents will notice a significant shift in where their tax breaks come from, and many, but not all, should see an improvement in their tax savings overall.

So what’s the shakeup? Let’s take a closer look at tax breaks for filers with dependents.

How will tax reform affect me?

Tax reform, as per the Tax Cuts and Jobs Act of 2017, is now officially in full swing—and what a crazy year to start! Between the government shutdown earlier this year and the biggest tax overhaul in 30 years, you may be feeling a little overwhelmed.

It’s not surprising you may have been putting your taxes off, but don’t worry: Here are some of our best resources on tax reform to help you through!

What are some sleeper tax breaks I can use?

Who doesn’t want to save money on their tax return? Maxing out your refund and minimizing any taxes owed is the goal, but how do you do that exactly? If you’re just dying to know how 1040.com saves you so much money, here are some commonly-missed tax breaks that others often overlook.

Lucky for you, 1040.com integrates tax breaks, refund-boosting credits, and qualifying deductions in the background as you answer simple questions to file your taxes online. No need to worry over missed savings opportunities—we’ve got your back!

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