The economy has been in less than stellar shape (understatement of the decade, I know) and with people focusing more on their emergency funds and less on whether they drive a nicer car, you might be wondering how you could save a little extra money this year. It’s actually not as hard as you might think because many of the things we pay for have free alternatives.
Tax rebates are issued when people pay more taxes than they owe. They may have overpaid based on the amount withheld from their paycheck or from conservative estimated tax payments. Taxpayers have an option of receiving a paper check or direct deposit for their tax rebate.
It is officially 2011. Is your tax return squared away yet? If you’re like many of us, the answer is probably no. It’s a burdensome, annoying and sometimes confusing process. Here is a toolbox of free tax resources to help make filing taxes an inexpensive, quick and easy process for you in 2011.
Each year, more and more taxpayers are choosing to e-file their tax returns. In the past decade, the number of individual tax returns filed electronically has increased by a whopping 145%. In fact, by 2005, the more than half of all U.S. taxpayers were e-filing; by 2010, this increased to 70%.
Everyone agrees that the current system must be simplified so that it’s easier for you and I to do our taxes. We can do that by making the information that the government already receives, such as W-2 wages and 1099 financial earnings, available for automatic downloading into privately prepared returns.