Dungeon Smashers! Ep5: Tax Day

Doing taxes can seem overwhelming, but breaking it down into steps makes it more manageable! Here's a general guide:

*Step 1: Gather necessary documents*

- W-2 forms from your employer(s)
- 1099 forms for freelance work, interest, or dividends
- Receipts for deductions (charity, medical, business expenses)
- Social Security number or Individual Taxpayer Identification Number (ITIN)

*Step 2: Choose a filing status*

- Single
- Married filing jointly
- Married filing separately
- Head of household
- Qualifying widow(er)

*Step 3: Choose a filing method*

- E-file (online) with tax software like TurboTax, H&R Block, or TaxAct
- Paper file (mailing paper forms)

*Step 4: Report income*

- Wages, salaries, and tips (W-2)
- Self-employment income (1099)
- Interest, dividends, and capital gains (1099)
- Other income (rental, royalty, etc.)

*Step 5: Claim deductions and credits*

- Standard deduction or itemized deductions
- Tax credits (Earned Income Tax Credit, Child Tax Credit, etc.)

*Step 6: Calculate tax liability*

- Add income, subtract deductions and credits
- Check for any tax owing or refund

*Step 7: Pay taxes or request refund*

- Pay online, by check, or with a credit/debit card
- Set up direct deposit for refunds

*Step 8: Sign and date*

- Electronically sign and date your return
- Keep a copy for your records

Remember to check for specific tax laws and regulations in your area, and consider consulting a tax professional if you're unsure. Good luck with your taxes!