As the tax return deadline approaches, many Americans are scrambling to complete their taxes before the April 15th deadline. For those still in need of assistance, one tax expert is offering some last-minute tips to help make the process as smooth as possible.
Mary Kay Foss, an enrolled agent with the IRS and owner of a tax preparation firm, suggests double-checking all forms and making sure necessary deductions are taken. She also recommends using electronic filing and direct deposit, as it can speed up the process and prevent errors.
Additionally, Foss advises taxpayers to take advantage of tax credits and deductions, such as those for education expenses, charitable donations, and retirement contributions.
While tax season can be stressful, proper preparation and attention to detail can make the process easier and more efficient. By following these tips, taxpayers can ensure they are filing correctly and potentially save money in the process.
The importance of properly filing taxes cannot be overstated, as mistakes can result in penalties or even legal repercussions. As such, it is essential to take the time to carefully review all forms and seek professional help if needed. With these last-minute tips, taxpayers can finish their taxes with confidence and ease.
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