Do you feel like you’re playing the waiting game?
You might be wondering how long it takes for you to receive your refund. Typically, the IRS issues tax refunds in less than 21 days as long as there are no discrepancies.
If you are due a refund, it may take longer depending on the situation or time your financial institution takes to direct deposit or mail it to you.
Here are some situations that may prevent you from receiving your refund:
Continue reading “What is the Tax Refund Schedule for 2018?”
New year, new taxes.
President Trump said that he wanted the new tax plan on his desk by Christmas. Nonetheless, the Tax Cuts and Jobs Act went through the Senate, House and flew by Congress. Ultimately, the Tax Cuts and Jobs Act tax plan has a goal to reduce the tax rates for individuals and businesses, which will ultimately affect how much you end up receiving your refund and paying in your tax liability. Most changes will expire in 2025 whereas some will remain permanent.
With the media raving about how taxpayers’ pockets will be affected, here are the changes that the new tax plan will lead to starting January 1st, 2019.
What was eliminated in the new tax plan?
Continue reading “Tax Cuts and Jobs Act and How the Tax Plan May Affect You”
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”