Step into 2016 knowing what to expect.
Many of us go into the new year with high expectations for ourselves; some realistic and others… not so much. Why not get a head start on a resolution that will actually stick this year? Tax season 2016 officially kicks off on January 19th. This means that the IRS won’t begin e-filing until that date. In the meantime, you can see how much of a refund you should expect this year using our free 2015 tax calculator.
How do I use it?
You can access our 2015 tax calculator here. Once you’re there, just begin answering the questions based on your tax situation. At the very least, some pieces of information that you should know are:
- your filing status
- your annual income
- your deductions (if you plan to itemize)
- if you will be claimed as a dependent on someone else’s tax return for the year
- if you are claiming any dependents on your tax return for the year
As you enter your information, you’ll be able to immediately see the adjustment made on the refund wheel to the right side of your screen. Continue reading “2015 Tax Calculator”
History tends to repeat itself.
We get it. To avoid false promises and tied up phone lines, the IRS stopped posting a refund cycle chart in 2012. Although the IRS won’t post a refund cycle chart anymore, that doesn’t mean that we can’t do a bit of research to estimate the dates that our refunds will arrive in our bank accounts.
Whether you want to book a getaway with that special someone (…or your buddies), need to pay those bills that are piling up, or just have a firm grasp on your finances, knowing when you’ll be receiving such a large chunk of money is important. That’s why our team at Rapidtax has put together a 2016 refund cycle chart for you based on prior year trends.
Continue reading “Tax Season 2016 Refund Cycle Chart”
Prepare for take-off! Tax Season came early this year.
The IRS has announced the start of the 2016 tax season to be Tuesday, January 19th. That is officially one day earlier than last year.
And just in case that didn’t knock your socks off, here’s even more good news. The IRS will not have a tiered opening season this year. Contrary to prior years, taxpayers filing a paper tax return will have the same start date as taxpayers who choose to e-file.
Can I prepare my tax return earlier than January 19th?
Yes, you can. At Rapidtax.com, we provide our services even earlier than the IRS official start date. Keep in mind that this does not mean that your return will be e-filed by the IRS before January 19th but you will be able to create an account and enter all of your information early. After you submit your account, we will handle the rest and make sure your return is e-filed as soon as the IRS opens for filing.
What should I do next?
Continue reading “When Does 2016 Tax Season Start?”