This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Cut Your Taxes by Taking a Class

Wondering how to spend your tax return? If you paid someone to do your taxes this year, consider taking a tax preparation course so you can do the work yourself next time.

Tax preparation classes show people how to identify deductions and credits they're eligible for, and spot costly mistakes. There's no need to take a college-level course; H&R Block (HRB - Get Report), Jackson Hewitt (JTX) and other firms offer classes that tell you all you need to know about taxes. Best of all: The cost of the course is deductible.

Here are five reasons to take a tax class before next year's filing season:

Learn about tax breaks you're missing: You probably missed out on deductions this year because you didn't save the necessary documents. Through a tax class, you'll find out what you need to provide to the government to claim these deductions.

Small adjustments to your lifestyle can help you keep more of your hard-earned money. A tax course will show you new ways to legally pay less tax in the future.

It's easy: Most people's taxes aren't that complicated. They're too intimidated by the thick tax code books and complicated language to prepare them without help.

Tax preparation courses teach you to focus on issues that affect most taxpayers, not obscure tax code details. Once you understand common tax terms, you'll realize how easy it is to complete your filing yourself.

Earn extra income: If you pass the course, you can earn extra money by preparing other people's taxes. These tax chains usually offer the courses to recruit and train potential employees. Knowing how to prepare taxes offers you a way to make money regardless of the economy's state.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
HRB $32.09 0.06%
AAPL $124.11 -0.26%
FB $81.46 -0.92%
GOOG $543.26 -0.86%
TSLA $188.71 -0.03%

Markets

DOW 17,692.74 -83.38 -0.47%
S&P 500 2,058.27 -9.62 -0.47%
NASDAQ 4,863.1790 -37.7060 -0.77%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs