Tag: tax refunds

Learn about federal and state tax refunds with RapidTax posts.

Posts Tagged ‘tax refunds’

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

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

tax reform
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.


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…)

How to Fill Out a W-4 Correctly

Posted by Robert Flanagan on October 27, 2016
Last modified: October 28, 2016

Filling out a W-4 is less mind-boggling than you think.

One of the first things you have to do when you get a new job is fill out a Form W-4 [Employee’s Withholding Allowance Certificate]. It is essential to complete a W-4 correctly because it determines how much tax will be withheld from your pay and how large your tax refund will be.

The first half of the form is pretty easy. You just have to fill in your name, address, and marital status.

Then you have to figure out how many allowances to claim. This number will determine the amount of your withholding.

Number of allowances to claim

Generally the number of allowances you should claim will correspond to the number of personal and dependency exemptions you can claim on your tax return, but this is not always the case. Claiming zero allowances will result in the maximum amount of tax withheld. Every additional allowance you claim on top of that means that a little less tax is withheld. (more…)

End of Year Tax Tips to Maximize Your Refund

Posted by Robert Flanagan on November 24, 2014
Last modified: October 6, 2016

Tax Season 2015 is around the corner. Increase your 2014 tax refund with these tax tips…

The end of year marks an eventful time for many. Not only does Starbucks release their Holiday menu but most of us can already taste Thanksgiving dinner. Then, there’s the surge of Black Friday holiday shopping and before you know it, you’ll be decorating holiday cookies!

With so many cookies to bake and gifts to wrap, don’t forget to take the time to plan ahead for the upcoming 2015 tax season. After all, once the holiday season comes to an end, the 2015 Tax Season will begin shortly after.

Although the IRS has yet to announce the first day to file 2014 taxes, it’s the perfect time to take steps to maximize your tax refund.

2014 Tax Return Coupon

Make A Holiday Donation

Can you think of a better way to spread holiday cheer than giving? Rather than just giving to your family and friends this holiday season, spread some holiday spirit to those in need.

When you give, you receive, specifically when it comes to taxes. Donations are tax deductible. (more…)

Last Chance to Claim Your Tax Refund 2011 is April 15, 2015

Posted by Robert Flanagan on November 7, 2014
Last modified: October 6, 2016

The very last day to claim your 2011 tax refund is April 15, 2015!

Do you remember what you were doing in 2012? Hopefully, sometime during the 2012 tax season, you filed your 2011 tax return. If not, we understand. Things come up, life happens and taxes get put on the back-burner.

However, you should keep in mind that your last chance to claim a tax refund 2011 is April 15, 2015.

Doing your taxes may seem tedious, but think of the extra money you’ll miss out on if you wait too long to file your 2011 taxes.

In fact, if you wait past the April 15th deadline, there’s no chance you’ll be able to get your 2011 refund.

How to File a 2011 Tax Return

You’ll be able to get caught up on your late tax return with RapidTax. Whatever your tax situation may be, whether you’re expecting a 2011 refund or have tax due, the filing process becomes a lot less “tedious” with RapidTax. (more…)

Where’s My Alabama State Tax Refund?

Posted by Robert Flanagan on May 29, 2013
Last modified: October 6, 2016

Find out how to check the status of your Alabama refund and how long you can expect to wait

Waiting for a tax refund can be one of the most frustrating experiences out there. After all the hard work of preparing taxes, we want our money now – not several weeks or months from now.

The IRS is notorious for delays, but state tax authorities are just as bad, if not worse. Unfortunately Alabama is no exception – delays of several months are not uncommon.

Here’s how to track the status of your tax refund as it wends its way through the state bureaucracy and how long you can expect to wait to get your money.

How to check the status of your refund

You can search for the status of your refund online at the Alabama Department of Revenue website. Just follow this link and then click on the “Where’s My Refund?” link under the individuals section of Taxpayer Services. In order to find your refund you will need to enter your Social Security number and the refund amount you expect to receive. (more…)

2010 Income Tax Refunds Only Available Until April 15, 2014

Posted by Robert Flanagan on May 3, 2013
Last modified: October 6, 2016

If you haven’t filed your 2010 return yet you have less than a year to get your refund

Most taxpayers are frightened of the IRS, and understandably so. Not only does the agency force us to go through the tortuous process of filing taxes every year, but it also has the power to implement some pretty drastic punishments when taxes go unpaid. It can levy your wages and bank accounts and force you to sell or mortgage assets to pay your tax debt.

But what most people don’t know is that the IRS is surprisingly lenient when it comes to minor offenses, such as filing a late return. Most late filers assume that they will get hit with massive penalties, so they try to hide from the IRS and avoid filing their taxes for even longer.

Doing so, however, might actually cause them to sacrifice a refund. Late filers are more likely than normal filers to receive a refund, and the tax code’s statute of limitations allows you to claim a refund for three years after the original due date of the return.

That means that the last chance to claim a refund from your 2010 return is April 15, 2014. That’s less than a year away! Take note: after next April 15th your refund belongs to the U.S. Treasury and you absolutely will not be able to claim it. (more…)

Can You Still Get a 2011 Tax Refund?

Posted by Robert Flanagan on April 12, 2013
Last modified: October 6, 2016

The filing deadline to claim your 2011 tax refund has passed but you should still file

The IRS statute of limitations allows you to claim a refund for three years after the original due date of a return. That means you had until April 15, 2015 to file your 2011 return and claim your refund.

If you didn’t claim your refund by April 15, 2015 then the U.S. Treasury got to keep your refund. You can still file a return, but you won’t get any money back.

Penalties and interest

If you were due a refund here’s some good news: you won’t have to pay any penalties or interest. That’s right, the IRS only charges penalties and interest of people who owe taxes. Letting the IRS keep your refund is the only punishment you’ll face for filing late. (more…)

Where’s My State Refund?

Posted by Robert Flanagan on March 6, 2013
Last modified: March 22, 2017

How to check the status of your state tax return

There aren’t many things in life that can make you miss the IRS but dealing with your state tax authority is definitely one of them. As byzantine as the federal tax code is, the IRS actually does a pretty good job of providing useful information on its website.

The same cannot be said of the forty-one tax authorities (nine lucky states have no income tax) responsible for administering their state’s income tax.

Trying to get any information out of a state tax website can be a frustrating experience. Most look like relics from the 1990s and they definitely did not have user-friendliness in mind when they were designed.

And yet you still need to know where the heck your state tax refund is. To make your life a little easier we’ve compiled a list of where to check your state tax refund for every state that has an income tax. Click on the link and it should take your right to the necessary page of your state’s tax website. (more…)

IRS Refund Problems Cause Delays

Posted by Robert Flanagan on February 26, 2013
Last modified: October 6, 2016

Many taxpayers are frustrated by IRS delays and a lack of information from Where’s My Refund

Going into this tax season we knew that refunds were going to be delayed. Right off the bat the IRS increased the time frame within which most people can expect their refund. Instead of the old 8-15 days it suddenly became “under 21 days.”

Then the fiscal cliff nuttiness in Congress pushed the start of the season back two weeks to January 30th. These two changes alone meant that lots of people would be getting their money 2-3 weeks later than usual.

But as the tax season has progressed, the IRS has run into even more problems. Before the start of the season this year the IRS made some changes to its system to try to cut down on instances of tax fraud and identity theft, which affected over a million taxpayers last year. This is a huge relief to anyone who’s had their Social Security number or refund stolen.

Once the season started, however, the IRS discovered some problems with this new system that required a little fine-tuning. These adjustments caused many returns to be delayed for an additional week. (more…)