This post is part of the TaxAct #DIYtaxes blog tour which empowers you to take ownership of your finances by doing your own taxes. TaxAct provides the tools and guidance to help you confidently file your taxes easy and fast. Do your own taxes today at TaxAct.com. You got this.
Hey, frugal friends!! We’re nearing the deadline for personal tax filing, so I thought I would share with you our own DIY tax filing experience and why I think doing your taxes yourself with a trusted company like Tax Act can be a smart idea.
Let me start by saying that I’m the primary handler of the money in our household. Rick has absolutely zero interest in the management of our money. Personal finance just isn’t his thing.
Since this task is mostly left to me, I’m the one who had to face the question of: Do we or do we not file our own tax returns?
I love the guy that does our taxes. He’s knowledgeable, friendly, gets our taxes done quickly and is relatively inexpensive. We’ve been going to him for nearly twenty years, so he knows our returns inside and out and does a great job.
The Benefits of DIY Tax Filing
So, why would I consider doing our taxes myself? Two reasons:
Although our guy does charge reasonable prices for our area, we still have to pay him $130 a year to get our taxes done. If we use a do-it-yourself tax system like Tax Act, we’ll only pay a maximum of $50 to file state and federal taxes.
Those needing to file a basic EZ or A form pay far less than that.
The other reason I decided to try DIY tax filing was because I really wanted to gain the knowledge that comes from learning to file your own taxes.
After all, I figured, if I could master filing my own taxes, it’s a skill I would have for a lifetime. And the more in tune we are with our personal finances, the easier it is to manage them in a way that helps improve our financial situation.
DIY Tax Filing Today vs. Yesteryear
In full disclosure, we did partake in DIY tax filing one other time, about twenty years ago. We did it for the purpose of comparing the results we received with our preparer with the results we received by doing our taxes on our own.
The experience wasn’t good. The company we used at that time had a less-than-user-friendly system in place, and if we would’ve ended up filing with them, we would’ve received far less back on our refund than we did with our tax guy.
Being so many years had passed, I was eager to see how things have changed. I found that DIY tax filing is MUCH easier in today’s world than it was twenty years ago.
We tried the Tax Act system and found that it is SO easy to use! It tells you exactly what to put in, and exactly where to put it.
The other thing I found highly beneficial with Tax Act is that they have a thorough support system available if filers should have any questions at all. Answers to questions are easy to find and readily available with Tax Act’s online support system.
If you haven’t tried DIY tax filing before, I encourage you to make this the year you test it out for yourself. Tax Act allows you to start your return for free – you pay nothing until you file your return.
So take a chance on saving some money and gaining some knowledge and try DIY tax filing today!
Beating the tax deadline doesn’t have to be stressful. With TaxAct, everything you need to confidently prepare and e-file your taxes is right at your fingertips. You got this. File your simple federal and state return FREE today with TaxAct.
Image Credit: Flickr 401(k)2012