The Daily Money: Tips for the tax season rookies

It's always fun remembering your firsts, except when it comes to filing taxes. If you are a tax season rookie, follow these tips to make filing easy. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Sunday, April 3 It's Sunday, dear Daily Money readers, which means we're talking taxes. Brett Molina here to share some tips, so grab your favorite morning beverage and let's get rolling. It's always fun to remember your firsts. First love. First time becoming a parent. First time you tried the Popeye's chicken sandwich.  Not on that list? The first time you filed your taxes. If you are a rookie to tax season, welcome to the wonderful world of filing your tax returns. Although it might seem complicated, there are ways to help smooth out the process. Here are some quick tips if you are filing for the first time. Grab your documents. Did you get your W-2 form, which has details about your income along with how much in taxes was withheld for the year? What about any 1099 forms? Double check you have all the necessary documents before you start the process. As tax software giant TurboTax notes, think about moments over the previous year that could impact taxes, such as paying student loan interest. File electronically. Seriously, it is the easiest way to do it. Many tax prep tools walk you through every step to make sure you don't miss anything. The Internal Revenue Service also offers a tool to let you file your federal taxes for free, if you have an adjusted gross income of $73,000 or less. Some companies might also offer free tax prep and filing for states. Parents claiming you as a dependent? TurboTax advises young adults to check with parents to learn whether they are claimed as a dependent. If so, you have to note that on your tax return. Relax. You got this. New to Daily Money? Here's more tax season coverage • Invest in bitcoin or cryptocurrency? The IRS wants to know • Do I have to pay taxes for online betting? • If you're getting a refund, these are the best ways to use it. • Is your refund delayed? Here's why. Your weekend tax break This is not a late April Fool's Day joke. Dyson, the company you likely know for its line of vacuums and hair care products, is planning to launch headphones with active noise cancellation and the ability to purify the air around you. As always, thanks for reading! Only 15 more days until the tax deadline. Follow Brett Molina on Twitter: @brettmolina23. IRS: Don't expect your tax refund quickly The IRS backlog of tax returns, paper returns and stimulus-related mistakes from 2021 is slowing down processing this year. Tax season ends in weeks. Have you filed your taxes? IRS: More than half of tax returns already filed, refunds amounts up First COVID, now tax headaches for small businesses Reviewed's guide to tax season 2022 How to use your tax refund to survive inflation Why I'd rather owe the IRS every year than get a refund The US states with the lowest flat income taxes How tax season could worsen inflation's bite Don't make these 3 tax-filing mistakes unless you want to risk an...   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102