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How to File Taxes in 2022 (Filing Options Explained) - YouTube
Channel: TaxGuide101
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hi everyone this is aki with a quick
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video on taxes and the different options
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that are available to taxpayers
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to file for tax year 2021
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so when you consider filing your taxes
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you have to ask yourself do you want to
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file it yourself
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or do you want to help from a tax pro
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and you know there's some things that
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you have to consider with you know your
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budget um how much money you can spend
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on tax preparation how much time do you
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have whether you feel comfortable doing
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it yourself or do you do you feel
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comfortable using technology and so on
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if you do want to file it yourself you
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also have two different options the
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first one is free and the other one is
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paid
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the irs free file program right now for
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texture 2021 they have eight different
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companies that are in the program so
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basically they produce a software for
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taxpayers that are free of charge you do
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have to qualify so your income can't be
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more than 73 000 for example for tax
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year 2021 and there's some other
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qualification criteria which i will go
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over in another video
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if you do want to use a brand software
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that's a paid version although many do
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have a version that's free but usually
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it's not as generous and some of the
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programs
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under iris free file but there is an
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option for you if you want to file it
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yourself and if you're comfortable using
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the software
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um if you do want to help from a tax pro
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you know there's also a free version as
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well as a paid one that we usually think
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about when we think about filing taxes
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the free version is sponsored by irs
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vita and tce on site programs vida
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stands for volunteer income tax
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assistance
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um and tce i keep forgetting it's tax
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counseling for the elderly and many of
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the tce sites are
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ran by aarp volunteers and this is
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really great um many of the programs
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actually have different different
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qualification and scope so some things
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will not be covered under them but
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you know some actually have very
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generous income level that you
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can't you know go above before you
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qualify some programs have you know less
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than 73 000 some can have more than that
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um but you know certain things won't be
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covered like let's say if you have a
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rental
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property many many of these programs
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don't cover that and so on but it's
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really great let's say if you have a
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pretty simple situation let's say if you
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had a withholding for three years and
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you haven't filed you can file for three
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years at this site so they really a
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great option for some taxpayers now
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another option is obviously the paid tax
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preparer one and there's many retail
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locations for some of these giants that
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are out there
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um you know maybe you have a
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relationship with a tax preparer for
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over the years they know your situation
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you feel comfortable maybe situation
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more complex maybe have a business on
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the side and so on
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and
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they also have also a lot of um hybrid
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options nowadays so it's not the same as
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10 years ago where you know you just had
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to go and see someone you could drop it
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off and pick it up when your situation
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hasn't changed from year to year or
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maybe you can prepare it yourself and
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someone can oversee and double check
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everything so look into that um so
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there are other options like that
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and so to summarize basically you
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filing options are if you want to file
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it yourself you have to decide if you
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want to do it yourself or you want to do
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with tax pro and each of these options
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have the free version as well as the
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paid version
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so you have to decide for yourself um
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basically
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i have a message basically you have to
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decide on for yourself
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uh what's best for your family
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considering some of these factors that
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we talked about
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so thanks for watching
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