3 Ways to Save $300+ During Tax Season

Posted by CapWay in TaxesMarch 11, 2019(Last Updated January 27, 2022)•1 min read
Are you ready to make some real money moves?

File Your Taxes for Free 


If your Adjusted Gross Income (AGI) is $66,000 or less, then you may qualify for two IRS options to file your taxes for free. 


Option 1: Volunteer Income Tax Assistance (VITA) Centers 


VITA sites are located in communities across the country. You can schedule an appointment to have your taxes filed by a trained tax preparer at a VITA site. Appointments are available from February through April, with some locations offering tax help through October.  


Click here to find a site. 

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Option 2: Free Self-Filing 


If you like to file yourself, the IRS allows you to choose from 12 free tax filing programs, including H&R Block and TurboTax. 


Learn more about free tax filing software partnerships from the IRS. ​

  

Avoid Refund Anticipation Loans


Offers for “Instant Refunds” or “Quick Cash” end up costing you more in the long run. For example, many tax preparing companies claim that their loans are 0% interest. But, in reality, the company is tacking on fees to make the money they would have made if they charged interest.

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Avoid the Scammers 


Just because a tax preparer promises you a bigger refund, it does not mean that it will be done in good practice. Dishonest practitioners can add false information to provide you with a bigger refund that you do not really qualify to receive. As a result, you could end up being audited and end up with a bigger tax bill, fines from the federal government, and added stress. 


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