Nobody likes paying taxes, but tax day can be payday if you know what you’re doing! You don’t have to be an expert accountant or be willing to use some dubious tax strategies. All you have to do is find a way to make the rules work for you. There’s no better time than now to file your federal tax information and prepare to collect your refund (and even if you owe the IRS money, you’ll be surprised how easy it is to pay it back).
So what are the five key trends you can use to maximize your return?
- More and more states are increasing lending even as they deplete their bank accounts. Even if you owe when you file your federal tax forms, you may be able to get all that money back and more in state tax credits. Why are they so generous? Because they know you’re suffering To get the tax credits they’re offering, all you have to do is know how to ask for them.
- Even if you file your federal income tax forms late, you can still benefit. The IRS knows that late filers often have a good reason (job loss, health problem, financial crisis) and that they tend to be due money. So if you’re worried about how much you’ll have to pay the IRS, file a federal tax return and see if they should pay you.
- Even if you can’t pay when you file a federal income tax return, you can choose to pay back taxes later! You’ll have to agree to a payment plan, but with today’s low interest rates, it will be attractive. The IRS can ruin your credit and your life, but that’s not what they want and it’s not what you want! If you know how to ask, you can always make sure you are only paying what you can afford.
- Thanks to huge new tax credits, you can get your tax money back from last year, for things you did this year! The “IRS time machine” has allowed taxpayers who got certain credits (mainly on real estate) to pay less in taxes one year, for the things they did the next! When you file your federal tax return information, don’t miss the opportunity to save.
- You can get all these extra benefits, but you don’t have to lift a finger. Why spend more time and effort filing a federal income tax return when an online tax preparation company can handle all the details for you? All you have to do is enter your basic information, and they’ll file your federal tax return and find all the credits and deductions you qualify for: automatically.
The secret way to file a federal income tax return is that there is no secret! There is a lot of hard work, and it has to be done fast. Aim you You don’t have to be the one to do it. Don’t waste another minute worrying about the IRS – file your taxes online now and get the deductions, credits, and even the refund you deserve.
