Home » Robert Flanagan » Page 37
Learn how to file taxes early so that your return can get to the front of the line and you can receive your refund as quickly as possible.
Wallet hard-hit by the holidays? Join the crowd. The only thing more depressing than picking mutilated wrapping paper off the floor is taking a look at your credit card statement. Yikes!
Thankfully, Uncle Sam is here to save the day. Soon after you ring in the New Year it will be time to take account of the old by filing a 2012 tax return. And for many people, this means a sizable tax refund. If every year you pay for your holiday spending with the tax refund you expect to receive in January, you’re hardly alone. But that means it’s imperative you get your refund as quickly as possible.
Unfortunately, this year IRS e-file doesn’t start until January 22nd, a week later than in recent years. But you can get a jump on the start of the season by learning how to file taxes early. In fact on RapidTax you can prepare your return as early as January 3rd.
“What’s the point of preparing my return before I can file it?” you may ask. Well, filing early has several advantages. Continue reading “How to File Taxes Early”
Look over these important changes to the tax code before you file your 2012 taxes
Every year the IRS tweaks the tax code at least a little bit: introducing new credits and deductions, discontinuing temporary provisions of the tax code, and adjusting various numbers for inflation.
Some years, depending on what happens in Congress, there are really big changes that end up affecting everyone pretty dramatically. But for the 2012 tax year the changes were relatively small. Still, you should be aware of them before you go gallivanting off into the tax preparation sunset.
Here, without further ado, are the tax changes for the 2012 year:
- Income limits for excluding education savings bond interest increased – Your modified adjusted gross income (MAGI) must be less than $87,850 if you’re a single filer or less than $139,250 if you’re married filing jointly or a qualifying widow(er) in order to exclude education savings bond interest. Continue reading “IRS 2012 Tax Changes”
E-File Tax Deadline was October 15
2013 taxes were due on April 15, 2014. For those who requested an extension, the tax deadline was October 15, 2014.
October 15th also marked the last day to e-file a 2013 tax return. Now, filers are required to paper file 2013 returns.
Luckily, RapidTax offers 2013 tax software, allowing you to the ability and easy of preparing your 2013 taxes online.
Continue reading “Tax Filing Deadline for 2014”
