E-filing is nowadays used as opposed to the common practice of mailed-in returns and there are many tech tools that aid you in making tax preparation easier and faster. Whether you use apps or calculators, the result is making the entire process a lot less stressful. We have to embrace technology simply because it aids us to gain a lot of time. This automatically reduces stress and helps us to avoid various problems that would appear in the event that tax filing is done wrong.
Use the following tech tools to help you prepare your taxes. It is a guarantee that you will instantly figure out why they are so useful.
You can deduct miles that are driven for charitable endeavours, business meetings and medical appointments in some cases. If this is your case, you need to write down details. MileBug is one of the unique apps to help you improve tax returns. It works on Windows Phone, Android and iOS. You can have trips tracked through GPS or enter manual odometer readings. The app only costs $3. There is a free version but the paid one has detailed GPS tracking included. Based on IRS rates per mile, you can save a lot of money.
This is a free app that is offered for Android and iOS by the Internal Revenue Service. It gives you tax tips and news updates straight from the agency that will handle the returns. The best feature that is included is the refund tracker. It helps you to track the refunds that you will receive through the internet.
At first glance, this is a mobile app that allows you to easily monitor online purchase. However, the fact that you monitor receipts can aid you a lot on your tax returns. Slice Shopping aggregates email receipts you can so easily forget about. For instance, Amazon orders and charitable donations you make online can be deducted in some circumstances. These are some that you usually forget about.
You save a lot of paper when you receive an electronic statement but so many financial institutions will only offer receipts for some months. This makes it quite hard to get back in time and get the deductible expenses documented. File This is a free cloud service. It is basically a filing cabinet that you can use to store bills and any document you want. The PDFs can be accessed through Google Drive, Dropbox, Evernote and others.
Fujitsu Scan Snap
It is so easy to get rid of a lot of used space in your file cabinet as you scan tax documents. This also allows you to make it a whole lot easier to deal with tax returns as you already have all the files you need in a digital format. Investing in a device like Fujitsu’s Scan Snap can help you. The base model costs $199 but the aid offered is definitely great. You can even go for a special version that is $500 and that can sync with Evernote while also offering free online storage.