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Great Tips to Help You File Your Taxes (And Get a Refund)

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Join our #CreditChat every Wednesday at 3 p.m. ET on Twitter and YouTube. In this week's chat we shared important tips about filing taxes that might help you get a refund and avoid penalties. This deck features highlights from our chat with tips from: @AmericaSaves, @LeslieHTayneEsq, @TaxTweet, @RAHomes, @Finovera, @_MoneySavingPro, @DebbiKing and @WealthWithMina

Publié dans : Économie & finance
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Great Tips to Help You File Your Taxes (And Get a Refund)

  1. #CreditChat Wednesdays | 3 p.m. ET Great Tips to Help You File Your Taxes (And Get a Refund) Featuring @Taxtweet Wednesdays | 3 p.m. ET #CreditChat
  2. Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we talked about filing taxes and getting a refund. “ Check Out All the Tweets and Resources: ex.pn/taxes
  3. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET What are some tax mistakes that are easy to make?
  4. The simplest mistakes are those human ones - data entry and calculations can get tricky. Tweet by @AmericaSaves #CreditChat
  5. Putting it off for too long. Having to get your taxes done under a tighter deadline increases chances of mistakes. Tweet by @LeslieHTayneEsq #CreditChat
  6. Wednesdays | 3 p.m. ET 10 Common Tax-filing Mistakes to Avoid - Math miscalculations - Filing status errors - Computation errors - Social Security number oversights - Misspelled or different names - Complete charitable contributions - Direct deposit dangers - Signature required - Additional income, additional filing work - Missing the deadline Source: @TaxTweet
  7. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET What are some overlooked tax deductions?
  8. Missing out on homeowner tax deductions (easy to do if it’s your first year after renting). Tweet by @RAHomes #CreditChat
  9. If you are a student who claimed yourself, you can write off your costs on books if you still have your receipts. Tweet by @Finovera #CreditChat
  10. Business expenses that might not seem like business expenses - computer repair, phone, etc. Tweet by @_MoneySavingPro #CreditChat
  11. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET What’s the difference between tax deductions and credits?
  12. Deductions lower your taxable income; credits lower the amount you owe. Tweet by @DebbiKing #CreditChat
  13. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET How can feeding your retirement accounts help reduce your taxes?
  14. People who don’t have a retirement account at work are able to defer paying income tax on the amount they deposit in an IRA. Tweet by @LeslieHTayneEsq #CreditChat
  15. Pre-tax contributions to accounts like traditional IRAs and 401(k)s can reduce your taxable income. Tweet by @WealthWithMina #CreditChat
  16. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET What options are available for those who don’t have money to pay taxes?
  17. Go to IRS.gov and apply for an installment plan - pay the balance monthly over as long as six years. Tweet by @LeslieHTayneEsq #CreditChat
  18. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET Any final tips for those of us about to file taxes?
  19. Make sure you file even if you don’t have everything. Either file a return or an extension. Not filing is not an option. Tweet by @DebbiKing #CreditChat
  20. IMPORTANT NOTE: An extension of time to file is NOT an extension of time to pay. You must still pay all or part of your estimated income tax due. Source: www.irs.gov
  21. #CreditChat Wednesdays | 3 p.m. ET Check out all the resources and tips shared: ex.pn/taxes
  22. #CreditChat Wednesdays | 3 p.m. ET Join Us Every Wednesday at 3 p.m. ET. bit.ly/join-creditchat
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