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You Can Still File A Late 2013 Tax Return

You can still prepare your 2013 Tax Return online with RapidTax.

The 2014 deadline to file your 2013 taxes was April 15, 2014. If you missed the deadline and still need to file, you’ll want to do so as soon as possible.

What’s the big deal? Well, the longer you wait to file a late 2013 tax return, the more you’ll end up paying the IRS. If you owe tax, the number is gradually increasing by the day.

Avoiding filing and paying your taxes is like digging your own grave- and you’re just making the situation worse. RapidTax is here to help you file your late 2013 taxes.

Why It’s Best to File Your Late 2013 Taxes Now

  1. Penalties Increase as Time Passes: If you have a tax liability, then you’re failure-to-file penalties and failure-to-pay penalties are increasing as time passes.
  2. Claim Your Refund Before It’s Too Late: If you’re expecting a refund, the IRS has a three year statute of limitations for claiming tax refunds. Why not claim it now?
  3. Avoid Filing Issues:  If you have tax due on your 2013 tax return and expecting a refund from your current year, 2014 Tax Return,  you may not be able to collect your 2014 refund if you’re not caught up on your 2013 taxes.

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How To Choose Between Itemizing Deductions or Standard Deduction

To take the standard deduction or to itemize deductions- that is the question.

If you usually take the standard tax deduction and debating on itemizing your deductions this year, then you might find yourself unsure on what deduction amount to take when filing your taxes. The answer; whatever results in a higher deduction amount.

Before creating an account to file your 2013 taxes, you can first read our guide to help decide if itemizing your deductions or taking the standard deduction is right for you;

1st: Understand if you can take the standard deduction.

Those who don’t qualify for the standard deduction include married couples file separately with one spouse itemizing deductions. In other words, if you are married filing separately and your spouse is itemizing, then you must itemize your deductions.

2nd: Learn your standard deduction amount based on your filing status.

The IRS standard deduction amounts are as follows for those under the age of 65;

  • Single: $6,100
  • Married Filing Jointly: $12,200
  • Head of Household: $8,950
  • Married Filing Separately: $6,100
  • Qualifying Widow(er): $12,200.

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Can I File My Taxes On a Phone or Tablet?

Let’s face it, we no longer run home to use our desktop computer. Instead, we have everything in the palms of our hands.

30 years ago, just about everyone drove to a tax filer to file their taxes. The annual routine became nothing but a memory when taxpayers realized they didn’t have to leave home to file their taxes and could do everything online. The age of e-commerce has allowed businesses to grow in the cyber world while transforming the tax filing process.

Can the 56% of Americans with a smartphone use it to file taxes?

Today, 80% of Americans age 18-34 have a smartphone, while 56% of all Americans have one. With phones and tablets basically being an extension to our bodies, it shouldn’t come as a surprise that we not only want to talk, text, tweet and read a book on one device, we also want to file our taxes from our phones. The big question is, can you really file your taxes from the palm of your hand? With RapidTax, you can.

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