RapidTax Blog


Did You Miss Tax Deadline 2018?

Posted by Manisha Hansraj on May 10, 2018
Last modified: May 11, 2018

tax deadline 2018

Tax deadline 2018 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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Get $5 OFF your 2017 Tax Return using your Rapidtax coupon!

Posted by Manisha Hansraj on April 17, 2018
Last modified: April 17, 2018

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Did you file your 2017 tax return?

The 2017 tax deadline is finally here. As a matter of fact, most Americans are rushing to find their income statements to file their tax returns. Now, whether you’re internet surfing to find a do it yourself tax preparation site or a loyal Rapidtax user, we’re here to make filing your 2017 tax return less stressful. After entering your tax information, enter the coupon code you see below during your checkout process.

Read on to find out how to use Rapidtax to get $5 OFF your 2017 tax return now! Read the rest of this entry »

Tax Reform: Tax Tips for Lowering Rates for 2018 Taxes!

Posted by Manisha Hansraj on March 2, 2018
Last modified: March 2, 2018

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Be ready for the new tax reform.

Get your to do list out and take some action to reduce your 2018 taxes now! Although taxpayers might be hurriedly finishing their 2017 tax returns before the e-file deadline, some tax deductions will not be there for the next tax season due to the Tax Cuts and Jobs Act. (TCJA) Ultimately, the design of the new tax reform is to lower taxes for individuals of all income groups until 2025. Bear in mind that along with that idea, many individuals who itemize their deductions are worried about the tax turmoil they’ll face when filing with each capped or eliminated deduction.

Did you know that can take steps in 2018 to decrease your taxes for next tax season? Here’s a few tax tips for you.

Rack up your medical receipts.

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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: Read the rest of this entry »

The 2018 Tax Season Starts Soon: File your 2017 Taxes!

Posted by Manisha Hansraj on December 22, 2017
Last modified: January 24, 2018


It’s time for your taxes.

The 2018 tax season is on its way! The IRS just announced the dates that you need to remember. Don’t forget to keep track of time since January 29th marks the start of tax season 2018. Here’s how to get started with your 2017 tax return.

2018 Tax Season Calendar

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Tax Cuts and Jobs Act and How the Tax Plan May Affect You

Posted by Manisha Hansraj on December 11, 2017
Last modified: January 12, 2018

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New year, new taxes.

President Trump said that he wanted the new tax plan on his desk by Christmas. Nonetheless, the Tax Cuts and Jobs Act went through the Senate, House and flew by Congress. Ultimately, the Tax Cuts and Jobs Act tax plan has a goal to reduce the tax rates for individuals and businesses, which will ultimately affect how much you end up receiving your refund and paying in your tax liability. Most changes will expire in 2025 whereas some will remain permanent.

With the media raving about how taxpayers’ pockets will be affected, here are the changes that the new tax plan will lead to starting January 1st, 2019.

What was eliminated in the new tax plan?

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Tax Relief for Victims of Natural Disasters in 2017

Posted by Divya Hansraj on November 14, 2017
Last modified: November 21, 2017

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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. 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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How to Qualify for the Additional Child Tax Credit

Posted by Robert Flanagan on February 1, 2017
Last modified: February 1, 2017

Feel like the coach of a small football team? The IRS gets it!

Whether you have just one on the way or five and counting, kids are expensive. That’s why you should take advantage of tax cuts whenever possible. In addition to claiming them as dependents, you may also qualify for some other credits. One that could end up benefiting you substantially is the Additional Child Tax Credit. Let’s see if this one is for you!

What is the Additional Child Tax Credit (VS. the Child Tax Credit)?

You’ve probably heard of the Child Tax Credit. I’ll sum it up for those of you who don’t (but also check out our other article which goes into more detail, “How to Claim the Child Tax Credit”). Basically, it is a credit that can reduce your tax liability up to $1,000 per qualifying child listed on your tax return. This credit is NON-refundable, meaning that it will reduce your tax liability to $0 but will never overflow into a refund for you.

Now that we’ve covered the Child Tax Credit, you’re probably wondering what the Additional Child Tax Credit is all about, right? This is the refundable credit that will fork over the difference that you weren’t able to claim from the Child Tax Credit.   

Let’s take a look at an example:

Cindy and Lou have three qualifying kids listed on their joint tax return. Their tax liability is $2,500. After applying their Child Tax Credit at $1,000 per child, they were able to get their tax liability down to $0. They then figured out that they qualified for the Additional Child Tax Credit. Cindy and Lou were able to claim that additional $500 as a tax refund!

Here’s the math:  $2,500 IRS tax liability – $3,000 total Child Tax Credit for three kids = – $500 Read the rest of this entry »

How to Use the 2016 Tax Calculator and Refund Cycle Chart

Posted by Robert Flanagan on January 3, 2017
Last modified: January 3, 2017

Did you know that about 40% of New Year resolutions are money-related?

Whether it’s spending less, saving more, or just getting financially organized overall, it’s important to most of us. As we already know, taxes have a lot to do with our money goals. We’re either itching to get a hold of our tax refund or dreading paying our tax due.

Whatever the case may be for you, we’re going to help you tax charge of your financial resolutions for 2017. With the RapidTax 2016 Tax Calculator, you’ll be able to see the big picture before even looking at a confusing IRS form.

How can the tax calculator 2016 help me?

Our user-friendly calculator tool will assist you with all of the following:

  • Calculating your 2016 tax refund.
  • Figuring out your 2016 tax balance due.
  • Seeing how your filing status, income, exemptions, expenses, and qualifying deductions and credits affect your tax situation.

Our tool allows you to take many aspects of your specific circumstances into account before filing your return. You can enter all donations, retirement income, investments, etc…for the year to see your refund increase or decrease. Then we’ll provide you with a detailed summary so that you understand our calculations.

How to access the 2016 tax calculator

It’s almost too easy to navigate our calculator. You have access to different tabs. Within each tab, you’ll enter your tax information to the best of your knowledge. Remember, you can use estimated amounts if you haven’t received certain income statements yet.

Need to find out your prior year refund or tax due amounts? We have calculators for 2014, 2015, and 2016 too!

2017 Refund Cycle Chart

The refund schedule is something that the IRS has discontinued due to accuracy issues. However, the cycle tends to be generally similar each year. It’s important to realize that these dates are not guaranteed to be accurate. They are ESTIMATES based on past tax seasons. This year does come with a few exceptions that should be taken into consideration**.
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