TurboTax Tax Refund
2018 - 2019
Tax tip that can help you increase the amount of your tax
refund, by helping you lower your overall taxable income.
The Internal Revenue Service loves to take our tax dollars,
and our dysfunctional politicians love to waste it for us.
it's up to each of us to put the effort in that is needed to
insure we are not paying more taxes than we are legally required
to pay based on our tax laws. Fortunately TurboTax can help!
TurboTax Offers Top Tax Refund Tips To Help
Taxpayers Keep More Of Their Hard Earned Dollars.
If your employed, the business you work for withholds a big
chunk of every paycheck for federal and state income taxes. When
you prepare and file your tax return, your calculations
determine how much of that paycheck withholding you may be
Now is a good time to see if you can manipulate a few things
to get a bigger lump sum of that cash back, and
TurboTax Online is a
There is something deeply satisfying to many taxpayers when
they receive a big, fat tax refund from the IRS. But beware, you
don't want to give Uncle Same a interest free loan either.
TurboTax Tax Tips For Bigger Tax
Increase W-4 Paycheck Employee
Your tax refund will grow when you withhold
more taxes from your paychecks. However, this no doubt allows
Uncle Sam to keep that money without paying you interest until
he has to pay you back when your tax refund is due.
Determine What Tax Filing
Status Benefits You Most:
The standard deduction amount fluctuates for different
income tax filing status
For example, married couples who file jointly can claim twice
the standard deduction of single tax filing, and the married
filing separate filing statuses.
Itemized Deductions Help Lower
Any tax deductions that are allowed will lower the overall
income amount that is taxable. Several areas to consider are:
- Deductable IRA Contributions
- Charitable Donations and Contributions to tax-exempt
organizations including, religious organizations, colleges, nonprofit hospitals and
- Child and Dependant Tax Deductions
- Job related Expenses
Home Mortgage Interest Tax
The IRS allows you to deduct all the interest that you pay during the year
on your home mortgage. Additional deductible home expenses
- Mortgage Points and Closing Fees
- Home energy-efficient upgrades to your home
- Home office tax deduction
- Buying a hybrid vehicle
While some of these deductions may change from year to year,
for the most part there are many home related expenses that
could qualify for a tax deduction.
TurboTax Software can
help you find them.
Keeping up to date on the latest tax laws can be a rather big
burden. Fortunately, today's top tax software programs are
programmed to guide you to these tax deductions and guarantee
you the biggest tax refund possible.