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It’s time to do your taxes.  The earlier you file, the sooner you’ll get your tax refund.  Plus, the earlier you file the less risk there is of someone using your identity to file a fraudulent return.  Here are some tips for preparing your taxes quickly, easily and without breaking the bank…

Use tax software to file an accurate return

The IRS is currently dealing with a massive backlog of returns from last year and you don’t want to end up at the bottom of the pile.  So, you want to e-file instead of mailing a paper return. You also want to avoid making mistakes that will get your return flagged for additional review.  Using tax software like ezTaxReturn.com helps you avoid mistakes and lets you e-file. Using online software also makes doing taxes faster and easier.  You’ll get all the latest tax credits and deductions and the software handles all the math and forms. 

Have all your tax documents handy

Aside from your W-2s, Form 1099s and other income statements, it’s important that you have your stimulus payment and advance Child Tax Credit notices handy.  Both notices contain information that will help you file an accurate return.  If you received a third stimulus payment, the IRS should’ve sent you Letter 6475 which tells you the total amount you received.  Eligible taxpayers who didn’t receive the full amount can use this information to claim the Recovery Rebate Credit for the missing funds.  The IRS also recently issued Letter 6419 to people who received advance Child Tax Credit payments.  You’ll need to report this information so you can get the second half of the credit.

Take advantage of customer support

Less than 10% of ezTaxReturn customers contact us for support, but if you have questions we’re here to help.  You can get the answers you need via phone, email or by searching our Knowledgebase.  If you’re just interested in your refund status, the best thing to do is go to IRS.gov and use their “Where’s My Refund?” tool.  It’s updated daily (usually overnight) and you can begin tracking your refund 24 hours after filing.

Use the correct AGI

When you file your taxes online, you’ll need to provide your prior-year AGI.  You can find this information on your 2020 tax return.  The AGI is on line 11 of the form 1040.  If you’re still waiting for your 2020 tax return to be processed or didn’t file at all, use $0 as your prior-year AGI.  Those who used the Non-Filer tool to register for the advance Child Tax Credit payments or the third stimulus should enter $1 as their prior-year AGI.  If you’re a returning ezTaxReturn customer, your prior-year AGI will auto-populate.

File your federal return free

There’s no need to spend an arm and a leg on your taxes when there are free options available.  With ezTaxReturn, if you have a simple return, your federal return is free, visit www.ezTaxReturn.com for details.