Navigating Taxact's Previous Year Tax Return Process: A Step-by-Step Guide

In this step-by-step guide, we will walk you through the process of navigating TaxAct's previous year tax return process. TaxAct is a popular online tax preparation software that allows you to easily file your tax returns for previous years. By following the steps outlined below, you'll be able to navigate TaxAct's platform and successfully complete your previous year tax return.

Step 1: Access TaxAct's Website

Open your web browser and navigate to the TaxAct website by entering "www.taxact.com" in the address bar. Ensure that you have a stable internet connection.

Step 2: Sign in to Your TaxAct Account

If you already have a TaxAct account, sign in using your username and password. If you don't have an account, create one by clicking on the "Sign Up" or "Create an Account" button and following the prompts to provide the required information.

Step 3: Select the Previous Year Tax Return Option

Once you are signed in to your TaxAct account, look for the option to file a previous year tax return. This option is typically located on the main dashboard or under the "Filing" or "My Returns" section. Click on the appropriate link to proceed.

Step 4: Choose the Correct Tax Year

TaxAct will present you with a list of tax years available for filing. Select the correct tax year for which you need to file a previous year tax return. For example, if you want to file your 2020 tax return, choose the corresponding tax year from the list.

Step 5: Import or Enter Your Tax Information

TaxAct provides options to either import your tax information from a previous year TaxAct return or manually enter your tax information. Choose the method that suits your needs and follow the prompts to import or enter your tax details accurately.

Step 6: Review and Edit Your Tax Information

Carefully review the imported or entered tax information for accuracy. Make any necessary edits or additions to ensure that all your income, deductions, and credits are properly reflected.

Step 7: Complete Additional Forms and Schedules

Depending on your tax situation, you may need to complete additional forms and schedules. TaxAct will guide you through this process and prompt you to provide any required information.

Step 8: Review Your Tax Return

Once you have entered all the necessary information, TaxAct will generate your previous year tax return. Take the time to review it carefully, ensuring that all the details are accurate and complete.

Step 9: File Your Tax Return

If you are satisfied with your tax return, proceed to the filing process. TaxAct will provide instructions on how to submit your tax return electronically or by mail. Follow the provided instructions to complete the filing process.

Step 10: Keep a Copy for Your Records

After filing your tax return, it's important to keep a copy for your records. TaxAct allows you to download and save a copy of your filed tax return for future reference.

Conclusion:

By following these ten steps, you can easily navigate TaxAct's platform and successfully file your previous year tax return. TaxAct simplifies the process by guiding you through each step and providing options to import or enter your tax information. Ensure accuracy and review your tax return before filing. With TaxAct's user-friendly interface, you can complete your previous year tax return conveniently and accurately.