We’re here to make your user experience easier for you.
Our site has been updated to reflect how easy it is to use our site, including our transparent pricing page! You can also take a look at our Tax Tools section to locate our Tax Blog. We keep you updated on what’s happening with current tax changes by reading our blogs on the Tax Cuts and Jobs Act.
Why choose RapidTax?
First, we know that filing your taxes can time consuming. Rather than going to visit a tax accountant who charges hourly for your tax return, finish your taxes online with us in just 10 minutes. We accommodate your tax situation from one income statement to complex returns with numerous expenses and multiple tax forms like Schedule C, Schedule K-1 forms, and more.
Did you know that about 40% of New Year resolutions are money-related?
Whether it’s spending less, saving more, or just getting financially organized overall, it’s important to most of us. As we already know, taxes have a lot to do with our money goals. We’re either itching to get a hold of our tax refund or dreading paying our tax due.
Whatever the case may be for you, we’re going to help you tax charge of your financial resolutions for 2017. With the RapidTax 2016 Tax Calculator, you’ll be able to see the big picture before even looking at a confusing IRS form.
How can the tax calculator 2016 help me?
Our user-friendly calculator tool will assist you with all of the following:
- Calculating your 2016 tax refund.
- Figuring out your 2016 tax balance due.
- Seeing how your filing status, income, exemptions, expenses, and qualifying deductions and credits affect your tax situation.
Our tool allows you to take many aspects of your specific circumstances into account before filing your return. You can enter all donations, retirement income, investments, etc…for the year to see your refund increase or decrease. Then we’ll provide you with a detailed summary so that you understand our calculations.
How to access the 2016 tax calculator
It’s almost too easy to navigate our calculator. You have access to different tabs. Within each tab, you’ll enter your tax information to the best of your knowledge. Remember, you can use estimated amounts if you haven’t received certain income statements yet.
Need to find out your prior year refund or tax due amounts? We have calculators for 2014, 2015, and 2016 too!
2017 Refund Cycle Chart
The refund schedule is something that the IRS has discontinued due to accuracy issues. However, the cycle tends to be generally similar each year. It’s important to realize that these dates are not guaranteed to be accurate. They are ESTIMATES based on past tax seasons. This year does come with a few exceptions that should be taken into consideration**.
Continue reading “How to Use the 2016 Tax Calculator and Refund Cycle Chart”
Ditch the stress! Preparation is key this tax season.
Tax Season 2017 is around the corner. There are important things to know along with forms and information to have before you sit down to file your 2016 tax return.
The most important thing to remember before filing your 2016 taxes is to have all your ducks in a row. For example, if you’re itemizing your deductions, you don’t want to wait until the last minute to scramble together your receipts from the year.
How to prepare:
Know the start dates and deadlines:
- January 1st is the first day that RapidTax with begin preparing 2016 tax returns.
- January 23rd is the e-file start date.
- April 18th is tax day.
Get organized: Make a list of everything you believe is tax related in your life. Start out with big things like college loans, mortgages, etc. then move to the smaller details like organizing daycare receipts, health expenses.
Know changes in personal details: Did you retire this year? Did you change jobs this year? Purchased a house? Maybe you got married or divorced? These are all personal details you will need to include on your tax return.
Know updated tax laws: Updated tax laws will indicate if you fit in certain brackets for paying more (or less) in taxes. Feel free to always check back here for the up-to-date IRS news.
Know your state’s tax regulations: Many people forget to focus on the state return. Specific states have specific tax incentives.
For example, in Georgia, if your child goes to private school and you donate to a scholarship fund, you may receive a $2000 tax credit on state taxes.
Donate: Charitable donations will help you save on your taxes if you itemize your return. If you have donated thousands of dollars of clothing to Goodwill, this will definitely benefit you. Continue reading “What Do I Need Before Tax Season 2017 Begins?”