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How can using online banking help with your annual taxes?

a) Online banking allows you to transfer money between your various accounts
b) Online bank statements can be downloaded to tax prep programs like Quicken
c) Online banking allows you to track expenses that qualify for tax deductions
d) Both b and c

Respuesta :

Answer: According to the source I read, "With online banking, that information is all available at the click of a button. Some banks also offer features like a service that allows you to tag any tax-deductible expenses you accrue throughout the year and another that generates a report to summarize your annual spending habits." So I think the answer is C.

Baraq

Considering the available options, using online banking can help with your annual taxes in many ways, such as:

  • Online bank statements can be downloaded to tax prep programs like Quicken;

  • Online banking allows you to track expenses that qualify for tax deductions.

Other ways using online banking can help with your annual taxes are:

  • You can pay taxes electronically,

  • You can file for tax returns, etc.

Hence, in this case, it is concluded that the correct answer is option D.

Learn more here: https://brainly.com/question/25091567

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