This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cut Your Taxes by Taking a Class

Stocks in this article: HRB JTX

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), 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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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