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Tracy:  What should I be doing right now?

Lisa: If you haven't filed yet, the first thing you should do, gather all your documents in one place. That's the first thing. Turbo Tax walks you through but it's great to have everything all in one place. Don't panic. We'll guide you through and then if you have questions you can connect live via one way video to our Turbo Tax live CPAs and enrolled agents and they can answer all your questions or they can review, sign, and file your return. Also another thing to remember that millions of tax payers are eligible to file their taxes for free with our Turbo Tax free edition, so if you just have a W2 and can claim a standard deduction and even claim the credits for kids like the earned income tax credit and the child tax credit, you can file your federal and state taxes for free with Turbo Tax.

Tracy: Which is amazing to every college kid that has a job and things like that. Just file it. Get it done. You don't have to pay a dime. You do it on your phone and be done.

Lisa: Yup, exactly. Then also remember, if you go through your taxes and you see your tax liability is more than you expected, you can still make some smart moves. You can contribute to your IRA. If you're self employed, to your sub IRA by April 15th and you may be able to deduct your contributions.

Tracy: That's actually a great point too. People should know that the date you file your tax return is the last date you can make the contributions to those, so your IRA, your SEP IRA, certainly not your 401K. That ended on December 31st, but if you had iether of the two, get on that and you'll certainly appreciate that in [inaudible 00:47:00].

Lisa: You may be able to get the saver's credit just by contributing to your retirement, so the saver's credit can be up to $1,000 if you're single, $2,000 if you're married filing jointly, and you're just getting that automatically for contributing.

It's time to talk about that dreaded subject again. We're talking about taxed. The April 15th deadline is getting closer!  

If you haven't filed your taxes just yet, no worries,  TheStreet and TurboTax have you covered.  We've partnered for an exclusive hour long webinar to answer your most dreaded questions and concerns about taxes.

Our Tracy Byrnes joined TurboTax expert Lisa Greene-Lewis for our exclusive free webinar:The Ultimate Guide to Navigating Tax Reform: Watch Our Free Webinar.

Among the topics? A Tax Preparation Checklist.  So, quit procrastinating. Get to it.  Here are the top 5 tips from Greene-Lewis.

  1. The first and foremost she says is " gather all your documents in one place."
  2. Download this free TurboTax checklist here.
  3. Place the checklist inside a folder & check off each item as you locate it! Remember, the government needs information like who is filing these taxes. That means you'll need information like your social security and birthdays for you, your spouse and your kids.
  4. Enter information like your bank routing number for direct deposit it is isn't available on your documents.
  5. Don't panic. There are still ways you can adjust the amount of income that is taxed. You can read more helpful tips here.

Related. Tax Reform, Basics and Beyond - Watch our Free Turbo Tax Webinar

Related. 5 Key Tax Reform Changes You Need to Know