Your taxes are an obligatory payment you have to make as part of a working citizen. If you’re a high paying earner, this may be almost 30% of your earnable income. However, if you meet the requirements, you may be eligible for a tax return. We show you what tax credits can help you earn some extra dollar.
Proactive tax payments
Why would anyone want to pay their due taxes early? Well, you could be missing a nifty trick here. You could be missing out on a decent paying tax return! If you plan well and pay before the end of December.
File your W2 early, go online and complete the details and send it off. Then you’ll receive your tax refunds earlier.
Customise your tax deductions
The IRS will set a standard deduction for you when in employment. However, if you’ve been partaking extra curricular activities like charity work, job searches and other professional related work that had expenses, add them to your file. You might find out you’re being owed more of a refund than you had thought previously.Click here for more
A friend in need is a friend indeed
If you’ve been helping a friend or family who’s on a low income, you can get a reimbursement for your kindness. You need to apply with the IRS and pass their qualifying test, ensuring you are not related to your dependent (i.e. not a parent-child) … [Read the rest]