How to do Taxes - Tax Filing Guide for Beginners | 2024 | Money Instructor
A step-by-step guide on the basics of how to file taxes if you are new to the process or unsure of what to do. It explains tax preparation, necessary documents, tax deductions, tax credits, and tax return filing status. This video is a valuable resource in 2024 for anyone filing taxes for the year 2023, including Form 1040, Form 1040-SR, among others.
A simple and easy to understand tax filing guide for those first-time filing their taxes or those who want an overview of the process. Learn tax filing 101 and how to to file confidently and maximize your tax savings. It breaks down the complex concepts of filing your taxes to the IRS into simple and easy-to-understand explanations. Here we provide a tutorial and answer questions for beginners including:
What is the purpose of filing taxes?
What types of income forms may I receive for tax filing?
What is the W-2 form and when do I receive it?
What are some common types of 1099 forms?
What is IRS Form 1098E and what is it used for?
What are the most common tax filing statuses?
What is the difference between married filing jointly and single filing?
What is a dependent and how does it affect my taxes?
What are some options for preparing my taxes?
How can I determine if I am eligible for tax deductions and credits?
For more help and information, including links to IRS 1040 Forms and Instructions:
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★ For more help with taxes we suggest TurboTax. 👉https://content.moneyinstructor.com/t...
(This is an affiliate link and we may receive compensation if you use this service. We appreciate your support, as it helps us create more content for you). If your tax situation is complex, it is strongly recommended to use a tax filing software or seek the assistance of a certified public accountant (CPA) to ensure accuracy and compliance. Remember that every individual's tax situation is unique, so it is essential to consult the official IRS instructions when preparing your tax return on your own
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.
Watch video How to do Taxes - Tax Filing Guide for Beginners | 2024 | Money Instructor online without registration, duration hours minute second in high quality. This video was added by user Money Instructor 26 January 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 13,213 once and liked it 108 people.