Top 5 Things to Remember Before Tax Day

by Christopher Freeburn | April 9, 2013 11:16 am

To help taxpayers keep their taxes as low as possible, Walmart‘s (NYSE:WMT[2]) Walmart Foundation and a coalition of other groups including United Way, National Disability Institute and Goodwill Industries International, have compiled a list of five things taxpayers should keep in mind as Tax Day looms[3].

Here are the five things to know before you file your tax returns:

1. Maximize your money — Invest any refund you get in a long-term investment to boost your financial security.
2. Gather data — Keep important tax documents in a safe, easily accessible place. Don’t forget forms and financial records you will need to fill out your tax return.
3. Get an income boost — See you if qualify for the Earned Income Tax Credit, which could mean extra benefits for individuals and families.
4. Get Returns Faster — By filing your tax return electronically, you increase the speed with which the Internal Revenue Service can send you a tax refund.
5. Save $200 — Do your taxes yourself. People who pay to have their taxes prepared by an outside party spend about $200 on the service.

You can find more detailed information on these tax tips here[4].

Source URL: https://investorplace.com/2013/04/top-5-things-to-remember-before-tax-day/

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