Reasons To Consider Using your Last Pay Stub to File Your Taxes

  People find the tax season to be the most worrying time of the year.  There is the need to ensure that you get a W-2 form as it will provide the necessary information you need to file your taxes.  In case your employer fails to offer you the w-2 form, things can even get challenging than you ever thought.  However, it is important to know that with a pay stub, however, you will not have to worry as you will still do it.   All that you need is to go online, and you can easily and quickly generate the form.

 People avoid filing their taxes using their last pay stubs as they find a bit challenging.   However there is the need to know that with the last pay stub, you will also get the same information as in the case of the w-2  First, you need to know that your pay stub has your monthly or bi-weekly income as required by IRS.   The other relevant information include the tax deductions that were made in your paycheck.

 As seen, with your last pay stub, you have all the information that you need to submit the taxes.   You, however, need to ensure that you have a tax calculator to ensure that you give the right amounts to the IRS.  It is essential to understand that there are many tax calculators online that you can trust online and they will be of help to you.   Another critical issue to look at is ensuring that the tax calculator that you choose is updated to the current tax year. Click here now to discover how to file taxes using last pay stub. 

 Finally, there is the need to see that you feed the calculator with any other information.   See that you indicate the dependents if you have any, tips and such information.  There is the need to know that you can realize that the IRS needs to refund you some good amount of money.   You should, therefore, ensure that you repeat the whole process several times just to confirm that you get the right figures to see if the IRS need to make some payments to you in the form of refund.   On the other hand, you can also realize that you owe the IRS money hence you will plan on how to make the payment. Check out this link to discover the benefits of learning how to file taxes with last pay stub. 

 Perhaps the only sure things in life are death and taxes.  In that case, there is the need to ensure that you have a better way of filing your taxes.   It is advisable to consider using your last pay stub as it makes everything easy. Check out the most useful tax preparation tools here: https://money.cnn.com/2018/03/20/pf/tax-preparation-tools/index.html.