FILE YOUR TAX RETURNS
By now, you should have received your W-2 from your employer or your Form 1099-Misc if you were self-employed in 2016. Once you have all your tax forms together, go online and get your taxes done! The sooner you e-file with direct deposit, the sooner you will receive your tax refund. What you do with your tax refund is up to you, but having some extra cash on hand is a good opportunity to pay down any debt and eliminate interest charges.
ITEMIZE YOUR DEDUCTIONS
The standard tax deduction is a deduction set by the IRS that allows you to reduce your taxable income if you cannot take advantage of more tax deductions by itemizing. While the standard deduction will help lower your taxes – $6,300 if you’re single; $12,600 if you’re married filing jointly – if you take a little time to gather your receipts, you may find that you can get a bigger refund by itemizing your deductions.
Some common expenses that you can itemize on your tax return include: charitable contributions, casualty losses, unreimbursed business expenses, job search expenses, state and local sales tax deductions, mortgage interest, and unreimbursed medical expenses in certain situations.
An Agent from Advance Tax Relief will ask you simple questions about you and give you the tax deductions and credits you are eligible for based on your entries. You also don’t need to know whether to take the standard deduction or claim itemized deductions. Advance Tax Relief will also determine whether you are eligible to itemize or take the standard deduction and give you the option that gets you a bigger tax refund based on your entries.
DON’T FORGET TAX CREDITS –
Tax credits are even better than tax deductions because they are a dollar-for-dollar reduction of the tax you owe, and a refundable tax credit will allow you a credit beyond your tax liability. Such credits include earned income credit, child and dependent care credit, education credits, retirement saver’s credit, child tax credit or residential energy credits.
GET TAX RELIEF HELP TODAY
If you think that you may help filing your 2017 tax return, you may want to partner with a reputable tax relief company who can help you get the max refund. Advance Tax Relief has a offices in Houston, TX and Los Angeles, CA and helps many individuals just like you work with the IRS to solve a wide variety of issues, including penalty waivers. Call our team today at 800-790-8574 for more information. For a free consultation, schedule an appointment with us online.
If you live in Los Angeles, contact us locally https://www.inglewoodtaxlawyers.com/ and if you live in Houston, TX contact us here http://www.advancetaxrelief.com. However, it doesn’t matter where you live, we service taxpayers nationwide.
Advance Tax Relief is a BBB Accredited A+ Rated Business.
Some Recent Tax Settlements:
Mr. Dillard – CA Owed $6884, IRS settled for $400
Mr. Batiste – LA Owed $18513, IRS settled for $2972
Mr. Johnson – CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez – TX Owed $28,816, IRS settled for $1700
Mr. Anthony – NY Owed $14,000, IRS settled for $900
Mr. Wilkes – CA Owed 32,211, IRS settled for $1250
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