March 14, 2011
Are You Leaving Tax Dollars on the Table?
With tax season upon us, it pays to know how you can ensure an easier process and secure the biggest refund you can.
Over a billion dollars. Thatís how much in income tax refunds typically goes unclaimed each year. Sometimes people in a rush to file their taxes overlook credits or deductions to which theyíre entitled. Or they donít bother filing a return because they donít owe any taxes, but they are due a refund.
Make sure youíre ready long before the April 15th deadline. Get help. Many free options are also available to seniors, military families and low- and middle-income families. Check out the Volunteer Income Tax Assistance Program and the Tax Counseling for the Elderly Program at the IRS website: www.IRS.gov.
Bottom Line: As Ben Franklin said, ďNothing is certain except death and taxes.Ē But with a little advance preparation, you can make the tax part more bearable.
- Donít Leave Valuable Tax Breaks on the Table
- Cut Your Taxes
- Know When to Claim Tax Credits- Tax Deductions
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