February 22, 2012
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(ARA) - In the way of tax legislation, 2011 was a relatively quiet year. However, that doesn't mean there aren't tax law changes that will affect this year's tax returns.

"The changes enacted at the end of 2010 will still impact this year's and next year's federal tax returns," says TaxACT spokesperson, Jessi Dolmage. "With the debate over the federal budget and taxes unlikely to end any time soon, who knows if the soon-to-be expired tax breaks will be extended. So, take advantage of all your benefits while you still can."

Read more: Changes impacting your taxes and this year's refund from Uncle Sam

Category: Finance
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(ARA) - Tax time is a stressful time, even for the most prepared filer. And for the many people who aren't perfectly prepared when the season rolls around, each commercial, ad or sign that mentions tax preparation can be a painful reminder that the daunting task still lies ahead.

 

This year, don't let yourself be affected by the stress - or at least find ways to cut back on it. By avoiding these six common mistakes, you'll be making the process of filing your taxes a lot easier on yourself.

Read more: Have you made these six tax mistakes? How to avoid them this year

Category: Finance

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