The tax deadline (April 17) is quickly approaching, but filing isn't always the easiest process to comprehend, especially as a first-time filer.
Circa's Kay Angrum sat down with consumer savings expert Andrea Woroch, as seen on Good Morning America, CNN, Today Show, etc., to talk about everything taxes.
From figuring out the best way to file your income tax to knowing what to expect should you miss the deadline, Woroch shares all.
Q: What are taxes?
A: Tax is the amount of money you pay to help really keep your community working. To pay police officers. To go toward your schools. It also goes towards federal issues nationwide.
Q: What are the best ways to file your taxes? (online, in-person, etc.)
A: I like online filing, because it's quick and it's simple and they give you step-by-step directions for taking your donation deductions. Maybe any moving expenses that you had for a new job. It helps you complete everything so you don't miss out.
Q: What's something that would be important that most people might not know that they should take into consideration before filing?
A: You should have all of your paperwork set up for yourself. So, have everything organized before you get into the process. This way you're not wasting time trying to fumble through or call your HR department to get your documents.
Q: What if you miss the tax deadline?
A: You don't want to miss the tax deadline, because you'll be penalized. You can apply for an extension, but unfortunately an extension does not mean you get an extension to pay your taxes.