
What are personal taxes?
Personal taxes, also known as personal income taxes or individual taxes, are a way for the government to collect money from individuals based on their income. When you work and earn money, a portion of your income goes towards personal taxes.Doing your own personal taxes can feel overwhelming, especially if you’re new to filing taxes or had a recent change like starting a job or launching a business. Or maybe you recently got married or divorced, or had a child. Whatever your situation, Rocket Tax™ is here to help. A tax pro can review your situation and do your taxes for you — helping you avoid common mistakes and errors that could lead you to overpay or get audited by the IRS, both outcomes you probably want to avoid.
How to file personal taxes
When it's time to file personal taxes, you need to submit your personal tax return. You can either prepare it yourself or use a tax professional. Either way, your filing will include information about your income, the taxes you’ve already paid, and any deductions or credits you want to claim. There are thousands of credits and deductions available — more than the average taxpayer is expected to know — so many experts recommend working with a tax professional to make sure you take advantage of all the deductions and credits available to lower your personal taxes.


Filing married taxes vs. single
When you're married, you have the option to either file married taxes jointly with your spouse or to file separately. Whether you’re recently married or have been married for many years, you may be wondering which is best for this year’s taxes. Whatever your situation, it’s worth comparing both scenarios to see which is best for you.Filing married taxes separately means you'll each file your own personal tax return. This option may be beneficial in certain situations, such as if one spouse has significant medical expenses or if you want to keep your finances separate. On the other hand, filing taxes jointly as a married couple may result in a lower tax rate and allow you to claim various tax deductions and credits that might not be available when filing separately.A tax pro can help you decide which filing option is best for your unique situation.
Save money when you file personal taxes
When filing taxes married or single, it's crucial to review your specific situation so you don’t overpay your personal taxes. Hiring a tax professional can help you determine the best way to file your personal taxes and ensure you file them accurately and on time. You can fulfill your tax obligations and make the most of available credits and deductions so you pay exactly what you owe (not more!).
