The habit of putting off doing your taxes because it’s so labor intensive is outdated. You need to enter the digital age and recognize how easy it is to prepare and file taxes in 2011. There is a caveat that if you have particularly complicated taxes due to deductions, self employment, or significant investments, it is probably still a good idea to get professional help in completing your returns.
For do it yourselfers, the job has become quite easy.
If you insist on doing your taxes by hand, you can find tax forms online that you can print out and hand fill. This saves you having to trek to the library or post office to pick up forms and it also saves on the printing costs of instruction books and schedules that you don’t need to use. You simply find the forms you need, print them, and go.
For those who are more comfortable with the internet age, it is possible to use online tax services to complete the necessary forms and efile your return. Most services walk you through a series of questions to enter your income and identify deductions and then fill out all the necessary forms for you. You are still responsible for verifying the accuracy of the information, but the returns are sent electronically to the IRS and your state, saving time, paperwork, and postage. Refunds can be direct deposited into your bank account in less than two weeks, again saving printing and postage.
If you use home accounting software to keep your household finances in order, it may even be possible to upload that data to the tax site so that it can find your deductions more easily.