FIN550 — Filing Your Own Taxes
Course offers an introductory overview of filing your own personal taxes. Topics may include the following:• Benefits of using online services, such as Turbo Tax, using a tax preparation service, or doing taxes yourself• Basics of Federal, state and local taxes• Allowable deductions and how to maximize refunds/minimize amount owed• Requesting extensions• Handling special circumstances, such as claiming dependents, spousal separation/divorce, property ownership, seniors/retirees• Reporting different sources of income• Understanding exclusions• Accessing tax credits