Its official…I turned 23, I moved across the country and I am now financially independent. Honestly, when I think about filing my taxes I want to revert back to my 3-year-old self and scream, “I DON’T WANTTT TO!” But, I won’t do that. Instead, I decided to take life by the reins and find a resource that will make the process of filing taxes simple, understandable, and fast.
Let me introduce you to the solution, TurboTax SnapTax: an app designed for the 60 million Americans with simple tax returns, those with W-2, bank interest, and who earn under $100K.
All you have to do is snap a picture of your W-2, answer a few questions, and e-file your federal taxes for free in as few as 10 minutes on your iPhone or Android device. This group of simple filers can easily and accurately file your federal taxes online – for free – saving you $100 vs. going to a tax store.
Tax Benefits for College Students: You may be able to deduct college expenses like tuition and fees, books, and supplies on your tax return. The TurboTax “Education Credits & Deductions Calculator” will help you figure out which education credits and deductions you’re eligible for.
Organize your Important Documents: One of the best things you can do is organize tax forms like W-2s from your employer and 1099s so you don’t forget any required forms. The TurboTax “Start With Docs” calculator will help you figure out what forms you need to get started on your taxes.
Discuss With Your Parents Not to Claim You as a Dependent: Now that you’re a bona fide adult and making your own money, you can get a larger tax refund if your parents don’t claim you on their return. By claiming an exemption for yourself, you can reduce your taxable income by $3,900. The TurboTax “Dependents Credits and Deductions Calculator,” can help you and your parents figure out if they can still claim you on their tax return.