The IRS announced this week that they are opening the 2015 tax filing season on January 20, 2014, but why wait to file your 2014 taxes? TurboTax is accepting tax returns today so that you can get closer to your maximum tax refund. Last tax season about 75% of taxpayers received a tax refund close to $3,000.
Here are 6 quick tips to help you get a jump-start on your tax refund:
- Get Your Tax Refund as Fast as Possible with TurboTax W-2 Form Finder
- If you didn’t receive your W-2 yet, you can still start your tax return now and get your tax refund as fast as possible by importing your W-2 with TurboTax W-2 Form Finder. We can import your W-2 electronically from over one million participating employers and financial institutions so you can finish your taxes sooner.
- Don’t Forget What You Did in 2014
- I’m sure you won’t forget the big things like getting married or having a baby, but our lives are busy and some of the little expenses can add up to big tax deductions. Don’t forget that your 2014 expenses related to your job search, day camp for the kids, charitable donations, and medical expenses to name a few, may help you get a bigger tax refund. Make sure you have those receipts in hand when you go online to prepare your taxes.
- Get Organized
- Take time to gather your necessary paperwork, forms, receipts, and checklist for your 2014 taxes. TurboTax asks simple questions specific to you, but having your documents ready to go will save you time.
- Keep an empty folder next to where you keep your mail. When your W-2s and 1099s start to roll in you can keep them all together in one folder.
- Double Check Social Security Numbers
- Make sure you have your correct social security numbers before sitting down to file your taxes. Incorrect social security numbers for you, your spouse, and dependents will cause you to miss out on valuable tax deductions and credits.
- Take One More Available Tax Deduction
- Even though it’s already 2015 there is still time to contribute to your IRA, putting more money in your nest egg and increasing your tax refund. You have up until the day you file your taxes to make a contribution for 2014 and lower your taxes.
- Don’t wait to file.
- Last year about 75% of taxpayers received a tax refund and the average tax refund was close to $3,000, so there is no reason to wait!
- Don’t Forget TurboTax has Valuable Tools to Help You Accurately File Your Taxes– Whether you have a tax question or would like to track your tax refund, TurboTax has a suite of tools and personalized help so you are never left alone. Here are a few of them:
- We’re here to answer your questions – Help is on hand when you need it. Talk to credentialed CPAs and EAs live via phone or chat or visit TurboTax AnswerXchange to get your questions answered.
- Get answers to health care questions – TurboTax Health is here to answer your questions about the new health care law and whether it impacts your taxes.
- File your taxes across devices – The new TurboTax Mobile App includes the full TurboTax product line up and allows you to move seamlessly across devices so you can start on your tablet or phone and finish online.
- Track and value your charitable contributions – TurboTax ItsDeductible will track and value your charitable contributions. Turning your donations into big tax deductions even on the go!
- Check your e-file status and track your tax refund – Once your tax return is e-filed you can track your e-file status and your tax refund on the go with TurboTax MyTaxRefund.
TurboTax is up to date with all the latest tax laws, including the new health care law and you can easily and accurately file your taxes with confidence when you use TurboTax.