|Who doesn’t love Taxes?|
A lot of folks think that taxes are this big, scary monster. They aren’t.
Here’s why: Unless you have a lot of complex investments and run your own small holding company which holds businesses that you also own shares of, but not 100% of…then there are many easy to use tools.
You could do this all by hand, and technically it would be cheaper, but for the amount of time it would take (seriously, have you ever actually tried to do taxes by hand? It sucks), I’d rather just pay the $55 to use a tool to make it easier for me.
My personal recommendation is: TurboTax
There are really just two major players in the market that is tax software: TurboTax, and H&R Block.
TurboTax is proven, and it is easy. You import your documents (you do still have your W-2, don’t you?) and then answer some simple questions. If you transact online, you can actually provide your login information, and TurboTax will import all of your documents. If you use Mint.com, you can link up and they will import from all of your accounts. Most W-2’s can be imported as well. It’s very smooth.
With my fairly complex Taxes, it took me just one hour from start to finish to complete my taxes.
How much does it cost? Well, if you are in a no-income tax state, like Alaska, Florida, Nevada, South Dakota (do people live there?), Texas, Washington, or Wyoming, then you are looking at a $0.00 cost to file your taxes, if they are simple.
If you have to file state taxes, then you are looking at a cost of $39.99 if you use the online version. Ouch!
However, if you use SnapTax (the TurboTax App) then you’ll pay just $24.99.
Okay, is your head spinning yet?
How to finish your taxes, in 168 words
Save Money on your Taxes
Should you wait until October 15th to pay your taxes?
An extension will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the April  deadline, plus you may owe penalties.
There you go – I wanted to keep this one short, since you don’t have enough time to think through all of your options. It’s time to go ahead and file your taxes.
And of course, if you get a refund, you should invest it wisely…perhaps in a retirement fund? Yes, yes you should invest it in your retirement fund.
Disclosure: I don’t get a single penny if you buy anything through any of the links I provided. Fidelity may get a cut if you go through their link, however.