Today we will be discussing financial health instead of physical health. Why? Because lack of financial well-being can cause stress and spill over into other parts of our lives, often leading to things like high blood pressure.
Speaking of stress, April can be quite stressful for many because that is the month that their tax returns are due. Depending on how complex your returns are, it can cost you anywhere from $300 – $1000 to have them done by a professional service such as H&R Block. For years now, I’ve used a cheaper alternative, which is to use Turbotax.
I highly encourage people to try Turbotax for two reasons. First, it will cost a lot less to do your taxes if you complete them yourself. Second, Turbotax makes it easy to do your taxes since it holds your hand through the process and is presented in an interview format where you simply answer questions as you progress through the return.
Now, to use the full version of Turbotax, you will end up paying a fee, but there is a basic version called the Turbotax Free Edition, which you don’t have to pay for in order to use. The free version can only be used for very simple returns, and is available online. Go to the following site for more information on how to file your tax returns online.
I actually started my return this year by using the Turbotax free edition, but was quickly told I would have to upgrade in order to complete my return. I suspect that this is the case for the majority of people. Therefore, the free edition seems more of a marketing gimmick to me than anything else.
With that said, using Turbotax will still save you a lot of money compared to going to a CPA or using a tax preparation service. So by all means, go ahead and give it a try. You can get the federal free edition at http://freetrialspot.com/