| If you're thinking about online tax preparation this year, | | | | The third area of the tax preparation program will be |
| you've found the right place to start. There are many | | | | about tax deductions and tax credits such as your |
| places online that offer free use of their online tax | | | | home, you and your family, cars, education, charitable |
| preparation software. Online tax programs and | | | | donations, medical expenses, taxes paid, retirement, |
| software have been specifically designed for ease of | | | | investments and employment expenses. |
| use, accuracy and maximum tax savings. | | | | Once you've completed the three main areas of |
| When you prepare your taxes online there are usually | | | | information it will be time for the tax program to make |
| three main areas the tax program will need to gather | | | | it's calculations. After the calculations have been made |
| information about. | | | | you will have a chance to review and edit any areas |
| The first area is your personal information such as, | | | | you choose. This can be very beneficial in some |
| address, social security number, date of birth, marital | | | | cases as you may decide to itemize versus taking the |
| status and dependents. | | | | standard deduction. |
| The second area of the tax preparation program will | | | | Well, so far everything has been free for your online |
| be about your income such as, salary, wages, tips, | | | | tax preparation, and you might even qualify for free |
| interest, investments and any other sources of income | | | | tax filing, but even if you don't, the fee for filing online is |
| you had. | | | | usually quite small. |