Get a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs.
College can be is very expensive, luckily Congress and the IRS have given us ways to offset education costs.
Should you take the time to fill out the long 1040? It really depends. To find out whether you should itemize you will need to do some homework.
Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the short 1040EZ.