Category: Tax Dates and Deadlines | Blog

rt_deadlinesLearn more about the upcoming tax deadlines with these RapidTax. Avoid IRS penalties by staying current on the start dates and deadlines this tax season. Our team stays up to date so that you don’t need to.

Questions about tax deadlines? Leave us a comment and we’ll get back to you with the answers you need!

Archive for the ‘Tax Dates and Deadlines | Blog’ Category

Am I Still Required to File A Past State Tax Return?

Posted by Manisha Hansraj on September 24, 2018
Last modified: September 24, 2018

states with no income tax

Don’t worry about filing a past state tax return resident state if you belong to one of these states.

The U.S. states that do not have income taxes are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. However, just because you don’t need to pay income tax, doesn’t mean a state is any cheaper to live in. In order to maintain state revenue, states with no income tax rely on other uses of taxes such as estate, property, sales, excise, gift taxes and more.

For example, here are a few ways each state maintains their state revenue:

  • Alaska depends on estate, excise, gift and severance taxes
  • Florida depends on property, sales, and corporate income taxes
  • Nevada; being a tourist attraction, depends on fees, gambling taxes, and high sales taxes
  • South Dakota taxes property, alcoholic beverages and cigarettes
  • Texas depends on high use, sales and property taxes
  • Washington depends on business, occupation and sales taxes
  • Wyoming depends on taxing property and businesses

Unlike the seven states above, New Hampshire and Tennessee do not have personal income taxes but still taxes specific types of income. New Hampshire doesn’t have sales tax, or inheritance tax but it does tax interest and dividends. Tennessee does not have estate and inheritance tax but taxes dividends and interest due to its Hall Tax.

Have you forgotten to file a state return or two?

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10 Tax Changes for 2019!

Posted by Manisha Hansraj on September 6, 2018
Last modified: September 7, 2018

how will my taxes change

After this tax season ends, another begins.

You might wonder what the Tax Cuts and Jobs Act (TCJA) has in store for you next year. The answer is a lot. Many of the common deductions you know will either be limited or removed until 2025, when the TCJA expires.

  1. No more personal and dependent exemptions.

The $4,050 personal exemption that taxpayers claim for themselves, spouses and dependents are no longer available in 2019. Currently, you can still deduct personal exemptions for the 2017 tax year. Click here to deduct your personal exemptions now.

  1. The Standard Deduction doubles.

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It’s Back-to-School & Time For Your Refund!

Posted by Manisha Hansraj on August 21, 2018
Last modified: August 29, 2018

back to school

It’s back to school time, so here are some tips for tax time!

Attention parents:

  1. Get up to $1,000 for the Child Tax Credit if your child is under 17, resided for more than half the year with you, a dependent on your tax return, your relative, a U.S. citizen, national or resident alien.
  2. If your child is under 13, claim the child and dependent care credit for child care expenses.
  3. Depending on your income, you can claim the Earned Income Credit (EIC).
  4. The Adoption Tax Credit reduces your tax for fees related to court, attorney, travel and meal expenses. You can also claim the Special Needs Credits for all relating child’s special needs expenses.
  5. If you’re paying for your child’s college education, claim the Education Credit for tuition, mandatory supplies and related fees.

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What is the Tax Refund Schedule for 2018?

Posted by Manisha Hansraj on July 27, 2018
Last modified: August 29, 2018

tax refund schedule 2018

Do you feel like you’re playing the waiting game?

You might be wondering how long it takes for you to recieve your refund. Typically, the IRS issues tax refunds in less than 21 days as long as there are no discrepancies.

If you are due a refund, it may take longer depending on the situation or time your financial institution takes to direct deposit or mail it to you.

Here are some situations that may prevent you from receiving your refund:

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Can I Still File a Tax Extension for 2018?

Posted by Manisha Hansraj on July 11, 2018
Last modified: August 29, 2018

tax extension 2018
Don’t wait until the last minute to file your 2017 tax return.

April 18th has passed for the 2018 tax season deadline. However, you can still e-file your tax return until October 15, 2018; the e-file and tax extension deadline. Even if the 2018 tax deadline has passed, those with refunds can still e-file their tax return without any penalties.

On the other hand, individuals with a tax due may end up facing interest, late filing penalties, and failure-to-pay penalties. We advise that you file your tax return as soon as possible so you receive your refund faster.

Can I still file a tax extension?

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Did You Miss The 2018 Tax Season Deadline?

Posted by Manisha Hansraj on May 10, 2018
Last modified: September 21, 2018

tax deadline 2018

The 2018 tax deadline has passed.

The April 18th tax deadline quickly passed. With the IRS encountering system difficulties, the tax deadline was extended from April 17th to the following day. Although tax deadline 2018 has passed, some Americans have yet to file their tax return.

If you’re one of many taxpayers who have questions about how to file a late 2017 tax return, keep reading!

Can I still e-file my 2017 tax return?

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Tax Tips: How to Choose a Tax Preparer

Posted by Manisha Hansraj on January 23, 2018
Last modified: January 24, 2018


Are you stuck on choosing a Tax Preparer?

“One size fits all,” doesn’t apply when choosing your tax preparer. Take a second to imagine this scenario. John is a college student and it’s time to file his taxes for the very first time. Nerve wracking, isn’t it? He has one W-2 statement and a myriad of education expenses that surely affected his bank account. He’s unsure of where to begin and if he should simply file online or visit a tax accountant.

Whether you’re new to taxes, like John, or an experienced taxpayer, filing your tax return can be a demanding process. On top of that, you might be wondering if you should file your tax return online or go to a local tax accountant. Here are some tax tips to consider when making that decision.

Online filing may be right for you.

During tax season, convenience, quality and time are both important. By filing your taxes online, you can complete a self-prepared return by opting to e-file your current year tax return or paper file your prior year return right from the comfort of your own home. Tax preparation sites require you to have: (more…)

Tax Relief for Victims of Natural Disasters for 2018

Posted by Divya Hansraj on November 14, 2017
Last modified: September 18, 2018

Hurricane Effects
A tax relief will give you the break you need.

There are few calamities that compare to the damage and loss of a natural disaster. Last year, Hurricane Harvey forced thousands of residents from Texas out of their homes and left stranded without power and clean drinking water. Similarly, residents of Florida had to evacuate coastal areas due to flood zones. These events can leave families in a wreck, taking years to recover from. As horrific as these events can be, the IRS provides tax relief for taxpayers living in disaster areas.

Read on to learn more about how the IRS handles tax reliefs and find out if you qualify.

What is a natural disaster?

According to the IRS, a natural disaster is a nature-related event. Usually, these events are hurricanes, floods, earthquakes, and tsunamis. However, there are more. Nonetheless, it was surprising to find mine cave-ins and sonic booms on the list!

Do I qualify?

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When Does E-File End for 2015 Tax Returns?

Posted by Robert Flanagan on December 13, 2016
Last modified: December 16, 2016

The e-file deadline was October 17th, 2016 for 2015 tax returns.

Do you happen to be reading this after the deadline mentioned above? No worries. You can still file your 2015 tax return. You’ll just need to paper file it instead.

How to prepare and paper file your 2015 tax return online?

Sure, the e-file season for 2015 is over. You’re not completely out of luck. You can still prepare your tax return as you normally would. You’ll just need to send it into the IRS instead of submitting it online.

For example, if you typucally use RapidTax each year, you can also use us for your late returns. Here’s how it works:

  1. Create an account with a unique username and password.
  2. Begin entering in your 2015 tax information to our user-friendly application. Feel free to contact our support team with any questions along the way!
  3. Continue through the checkout process and submit your return to be prepared on IRS tax forms.
  4. Print, sign and mail your return to the IRS.

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When Does the 2017 Tax Season Start for Filing 2016 Tax Returns?

Posted by Robert Flanagan on December 5, 2016
Last modified: December 9, 2016

The holidays are upon us and so is the 2017 Tax Season!

Before getting wrapped up in the feasting and celebrating, it might be smart to think about where you stashed that box of receipts for the year. That’s right! The 2017 tax season has snuck up on us yet again. But let’s get one thing straight. This is not a time to panic. In fact, if you’re reading this, you’re most likely ahead of the game already!

We’re here to help you get your tax situation in order. That way you can focus on the important things this time of year calls for.

Dates and Deadlines

It’s important to have some dates in mind or even marked on your calendar. Here’s the deal:

  • January 1st marks the launch of the RapidTax 2016 application! You can start submitting your accounts with us and get in line for the IRS start date to e-file.
  • January 23rd is when the IRS opens up the doors to e-file your return. If you have already submitted your 2016 return with RapidTax, then you wouldn’t need to worry about this date. We’ll submit it to the IRS for you.
  • April 18th marks Tax Day for individual returns! It is also the last day to file a tax extension. Here’s a tip… if you aren’t able to file your return by this date, then FILE AN EXTENSION (psst, it give you an extra 6 months to file, penalty-free)

Receipts and Documents

When preparing your tax return, you’ll probably need to have a few things handy. Here’s what you can work on digging up: (more…)