The deadline for filing 2016 tax returns isn’t until April 18, but it won’t be long until people start receiving their W-2s in preparation for the upcoming tax season.
Whether it's the math, the paperwork or the anticipation of waiting to see if you have to pay in or are getting a refund, filing your taxes can be frustrating and stressful.
Although it’s one of the most dreaded yearly tasks, getting yourself prepared for the tax season can make the experience a little less daunting. Here are some apps that can help you get prepared for filing your taxes.
ShoeBoxed: If you keep track of all your receipts, you won’t need an actual shoebox to keep them in with the ShoeBoxed app. The ShoeBoxed app allows users to track their receipts, mileage and business cards without having to manually enter all the data.
By snapping a picture of your receipt, the app will extract the vendor, total amount, payment method, date and also categorize the receipt into the most common tax categories.
The app also allows users to create expense reports. Users can archive receipts, access a sortable archive and use the one-click mileage tracker. The app can also export expenses to online tax filing tools. Cost: Free to download to iOS and Android. Find it: www.shoeboxed.com.
TaxCaster: From the popular online tax filing service TurboTax, the TaxCaster app helps you estimate your tax refund or pay in with its refund calculator.
Using the same tax calculator found in TurboTax, the app allows users to get an estimate of the their tax refund my entering some basic info.
The TaxCaster app doesn’t prepare your taxes, but based on the information you entered, can suggest which TurboTax product you could use to file your 2016 tax return. Cost: Free to download to iOS and Android. Find it: http://intuit.me/1cDEF7c.
Quick Tax Reference: The Quick Tax Reference app from Bloomberg BNA gives users access to tax rates and schedules for the upcoming tax season.
Users can find tax rates, standard mileage rates, corporate tax rate schedules, tax rates for estates, trust/estate gift tax information, tax code pension and retirement plan limits. The app also can calculate taxable income for different filing statuses. Cost: Free to download to iOS and Android. Find it: http://bit.ly/2ipjtuh.
Ask A CPA: If you can’t afford a Certified Public Accountant, you can still get the expertise of one through the Ask A CPA app. The app is a resource for individual taxpayers, business owners, accounting students and tax accountants.
Users can search for up-to-date answers to help prepare your tax return. The app also includes the latest tax changes. Users can search the archives for other tax questions and if you can’t find your answer, answers can be provided for free from CPAs in your area.
Cost: Free to download to iOS and Android. Find it: For iOS, http://apple.co/2j5E1aa. For Android, http://bit.ly/2ipuMTp.
Splittable: Splitting household bills can be a source of friction for roommates or couples. The Splittable app helps alleviate that friction and stress by helping users manage shared expenses. Users can split bills, track household expenses and track what the people in your house are spending money on (from rent to utility bills to nights out). The app allows you to see who owes what and the ability to check who should pay next. Cost: Free to download to iOS and Android. Find it: www.splittable.co.