Here's Everything You Need to Know About Tax Season

From itemized deductions to the best tax software, we have you covered.
woman paying bills thinking of cash
The end of tax season will be here before you know it, and we understand if meeting that July 15 deadline seems like a daunting task. There's so much to know, after all: Like what are itemized deductions? And what's the best tax software for DIYers?

Fortunately, our guides can help you out with all your tax preparation needs, so your tax season can be a happy one.

holding tax forms

How to Do Your Own Taxes in 2020

Every tax return season, you have the option to either do your own taxes or hire a professional to file them for you. The professional route can be less of a hassle, but more expensive. Filing your own taxes, on the other hand, requires that you not only understand basic tax law, but also how to do your taxes the right way. Check out our guide on how to do your own taxes, which provides the steps to take, including:

  • Determine dependents

  • Fill out a Form 1040

  • Enter tax credits and deductions

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using calculator for taxes

Here's the Best Tax Software for 2020

Tax software turns convoluted IRS forms into a straightforward questionnaire, doing all the math and filling in all the boxes for you. While the process isn't quite as easy as handing a box of receipts to your CPA, a good tax app breaks down complicated concepts into plain English.

But what's the best tax software for your needs? Check out our rundown of program costs, the benefits of online versus downloaded versions, and our picks for this year's best tax software.

If you have a simple return and don't need to itemize deductions or report extra income, then you can probably use free tax software.

doing taxes on computer

13 Options for FREE Online Tax Filing

If you've got all your documents together, you can do free tax preparation online and file your 2019 income tax return now, beating the July 15 cutoff with time to spare. And while not a guarantee, there's a chance you may not have to spend a dime this income tax season.

Check out our list of services that let you do taxes online for free.

What Does It Cost to Get Your Taxes Done?

tax prep cost infographic

couple paying bills

What Are Itemized Deductions?

Completing your own taxes might be cheap, considering all the free tax filing options out there, but it can also be overwhelming. One question that can help you decide whether to go the DIY route or not is if you should itemize deductions. Check out our guide to itemized deductions to see the following important items:

  • The most common types of deductions

  • Whether or not you can claim job expenses

  • How to prepare for an audit

Did your AGI exceed $69,000 in 2019? Then you can use fillable forms to file your federal income taxes online for free.

Tax Day on calendar

Want a Tax Day Freebie in 2020? Here's What to Expect

When does tax season end? That would be on Tax Day — and that day can be stressful, whether you do your own taxes or not. But once you file your taxes, you can breathe a sigh of relief for another year, then give yourself a much-deserved treat with a Tax Day freebie.

Check out the kinds of offers we've seen in the past, as well as the tax day freebies to expect in 2020.

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calendar date cards

Here's Every Tax Deadline You Need to Know in 2020

Many consumers know when Tax Day is, and may think it's the only tax deadline to remember. But tax season doesn't totally revolve around April 15 (or July 15, for 2020).

When preparing to file your taxes, consider the other important tax dates that occur throughout the year. Check out our list of every tax deadline you need to know in 2020.

The IRS has extended the tax payment and filing deadline by three months.

Pink razors on a blue background

Is the Pink Tax a Myth?

Is the pink tax still a problem for shoppers? Over the last few years, we've seen retailers take a stand against discriminatory product pricing that costs women more.

But the outcry against gender-based price discrimination has slowed. So is the pink tax a myth now? We took a look at pricing for some common items to see whether women are still getting charged more.

Julie Ramhold
Senior Staff Writer/Consumer Analyst

Julie's work has been featured on CNBC, GoBankingRates, Kiplinger, Marketwatch, Money, The New York Times, Real Simple, US News, WaPo, WSJ, Yahoo!, and more. She's extolled the virtues of DealNews in interviews with Cheddar TV, GMA, various podcasts, and affiliates across the United States, plus one in Canada.
DealNews may be compensated by companies mentioned in this article. Please note that, although prices sometimes fluctuate or expire unexpectedly, all products and deals mentioned in this feature were available at the lowest total price we could find at the time of publication (unless otherwise specified).


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