| Are you thinking about filing an online income tax | | | | winnings. |
| return? If so, then here's a quick preview of what to | | | | Once you're done with the income section of your |
| expect. | | | | online tax return you'll move on to the deductions and |
| You'll be asked a series of questions | | | | credits section. This is where you get to minimize your |
| These questions are divided into three main groups. | | | | taxes. I'll just cover the basic categories here, but their |
| The first set of questions will be asking you about your | | | | are over 350 tax deductions and credits that may be |
| income tax filing status. You'll be asked for your name, | | | | available to you. |
| address, birth date, social security number, marital | | | | Here are the main deduction and credit categories: |
| status, spouse, dependents and your occupation. | | | | Your home, you and your family, cars and other things |
| The next step in the process of filing an online income | | | | you own, education, charitable donations, medical, |
| tax return will be to answer a set of questions about | | | | taxes paid, retirement, investments, employment |
| the income you earned. If you have income from more | | | | expenses, other tax deductions and credits. |
| than one source, you'll be glad to know there's an easy | | | | Once you have entered all of your tax return filing |
| method of entering your other income sources. | | | | information, calculations will automatically be made to |
| Here's list of income sources you'll be asked about: | | | | figure your tax refund or tax you owe. Filing your online |
| Wages, salary, W-2 form, 1099 form, investments, | | | | income tax return is the next step and then you're |
| interest, dividends, stocks, mutual funds, contracts, | | | | done. Just follow the prompts you'll be given for filing |
| capital gains, business income, social security, IRA, tax | | | | your tax return online and you should have your tax |
| refunds, government payments, rental property, | | | | refund back in no time. |
| partnerships and other income such as gambling | | | | |