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What You Should Know About Arizona Retirement Taxes

Wondering About Arizona Retirement Taxes? RapidTax is here to help.

If you live in or plan on moving to Arizona, you should know that the state has more to offer than just great weather.

Not only is Arizona home to the very famous Grand Canyon, it’s also a tax-friendly state for retirees.

Rather than sorting through Arizona’s Department of Revenue website, you can quickly learn why Arizona has become a popular destination for retirees.

Social Security is Not Taxed

Arizona is a destination to many retirees thanks to the state not taxing Social Security benefits.

That right, Social Security checks aren’t subject to taxation in Arizona. Continue reading “What You Should Know About Arizona Retirement Taxes”

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Can I Claim the Child Tax Credit 2014?

If you meet the requirements to claim the Child Tax Credit 2014, expect to see a larger tax refund in 2015

If you have a child, you know first hand that being a parent changes your life.

Along with the new responsibility comes the expenses of having a child, such as food, clothing, classes, pictures, day care and so much more. Luckily, the IRS offers a few tax advantages to help with the never ending costs. One in particular is the Child Tax Credit.

Keep in mind however, just because you have a child, it does not automatically qualify you to claim the Child Tax Credit on your 2014 Taxes.

In order to claim the credit on your 2014 Tax Return, you’ll have to meet the 7 IRS Child Tax Credit requirements. 

1. Relationship

In order to claim the child tax credit, the child must be one of the following;

  • your child
  • your stepchild
  • a foster child placed with you by a court or authorized agency
  • an adopted child (even if the adoption is not final by the end of the tax year)
  • your brother
  • your sister
  • your stepbrother
  • your stepsister
  • your niece
  • your nephew Continue reading “Can I Claim the Child Tax Credit 2014?”
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Estimate Your 2013 Taxes With a 2013 Tax Calculator

Use a 2013 Tax Calculator To Estimate your 2013 Taxes

Do you still need to file your 2013 tax return? If so, you may be curious to know how much your 2013 tax refund or tax due total will be.

Luckily, you can use a  tax calculator 2013 to view your tax situation before filing your late 2013 tax return.

Free Tax Calculator 2013

In order for a tax calculator to estimate your 2013 taxes, you’ll need to enter at the very least your filing status, income, taxes withheld, and any possible deductions.

Rather than wasting time re-entering the same information later on when preparing your tax return, you can do it all at once. Here’s how;

  1. Create a RapidTax Account: When creating an account, be sure to select the 2013 Tax Year (don’t worry, it doesn’t cost anything to create an account)
  2. Enter your tax information: Enter your basic information, income, and deductions or credits your claiming,
  3. View your Tax Refund or Tax Due: Once your tax information is entered, the RapidTax application will instantly calculate your 2013 taxes. In the upper right hand corner, you’ll see your refund or tax due total appear.
  4. File Your 2013 Return or Log Out: If you’re not ready to file your 2013 taxes or just wanted to calculate your taxes, log out of your account. If instead, you want to continue on and file your 2013 tax return, you can continue on with the RapidTax application and submit (and pay) for your tax return. Continue reading “Estimate Your 2013 Taxes With a 2013 Tax Calculator”