Should you do your own tax return?
Welcome to the Daily Juice Show, where we discuss just one “ingredient” of the complex money topics you face.
This is a question I get all the time from clients.
The answer depends on your situation! And it depends on a few different factors.
- How complex is your tax return?
- Do you own a business?
- Are you self-employed?
If you have a complex tax return or own a business, then there is probably an opportunity for you to engage a tax professional to ensure you are minimizing your tax liability.
For those of you who don’t have complex tax return or only have W-2 income, perhaps using online programs such as TurboTax will be a great solution. There software programs are designed to walk you thru the preparation process and you can also reach out for help with questions.
Until next time, remember: It’s your money, and your future wealth, just one sip at a time.