When tax season strikes, people have to pay their taxes. For some people, that means turning on TurboTax, for others that means grabbing a pencil and a tax form, and for the rest, it either means dodging them or hiring a professional tax processor.
In my opinion, the best way to file out a tax form is to do it online. The first thing is the ease that technology offers in virtually any area it touches. Taxes aren’t excluded. It makes it go faster, because people can type faster than they can write. The second thing is that you don’t have to pay anybody to file out your taxes. Finally, I think that one should have control over how their taxes are being handled. A person can make a mistake, or twist up the data to his advantage, and you might end up paying more.
Another thing that some people equate taxes with is tax refund advances, or Refund Anticipation Loan. What this basically means is that you fill out a tax sheet, saying how much you expect to get back in tax refunds. Knowing how much you’re going to get, you then take out a loan to go ahead and get something that you really want at that moment.
When you get your tax refund, you use that refund to pay off the loan that you got from that third party lender. This isn’t a very smart move, because although the interest rates are small, ranging from 3-5%, you still have to pay additional and fees charges, which then might make that loan require more than just your tax refund to pay off.
Lesson 90 Assignment: 200 Words on what Method of Filing Your Taxes would You Choose and Are Tax Refunds worth it?
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