Date post: | 15-Jul-2015 |
Category: |
Economy & Finance |
Upload: | experianus |
View: | 3,678 times |
Download: | 1 times |
#CreditChatWednesdays | 3 p.m. ET
Great Tips to Help You File Your Taxes (And Get a Refund) Featuring @Taxtweet
Wednesdays | 3 p.m. ET#CreditChat
Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we talked about filing taxes and getting a refund.“
Check Out All the Tweets and Resources:
ex.pn/taxes
Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
What are some tax mistakes that are easy to make?
The simplest mistakes are those human ones - data entry and calculations can get tricky.
Tweet by @AmericaSaves
#CreditChat
Putting it off for too long. Having to get your taxes done under a tighter deadline increases chances of mistakes.
Tweet by @LeslieHTayneEsq
#CreditChat
Wednesdays | 3 p.m. ET
10 Common Tax-filing Mistakes to Avoid- Math miscalculations - Filing status errors
- Computation errors - Social Security number oversights
- Misspelled or different names - Complete charitable contributions
- Direct deposit dangers - Signature required
- Additional income, additional filing work - Missing the deadline
Source: @TaxTweet
Missing out on homeowner tax deductions (easy to do if it’s your first year after renting).
Tweet by @RAHomes
#CreditChat
If you are a student who claimed yourself, you can write off your costs on books if you still have your receipts.
Tweet by @Finovera
#CreditChat
Business expenses that might not seem like business expenses - computer repair, phone, etc.
Tweet by @_MoneySavingPro
#CreditChat
Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
What’s the difference between tax deductions and credits?
Deductions lower your taxable income; credits lower the amount you owe.
Tweet by @DebbiKing
#CreditChat
Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
How can feeding your retirement accounts help reduce your taxes?
People who don’t have a retirement account at work are able to defer paying income tax on the amount they deposit in an IRA. Tweet by @LeslieHTayneEsq
#CreditChat
Pre-tax contributions to accounts like traditional IRAs and 401(k)s can reduce your taxable income.
Tweet by @WealthWithMina
#CreditChat
Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
What options are available for those who don’t have money to pay taxes?
Go to IRS.gov and apply for an installment plan - pay the balance monthly over as long as six years.
Tweet by @LeslieHTayneEsq
#CreditChat
Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
Any final tips for those of us about to file taxes?
Make sure you file even if you don’t have everything. Either file a return or an extension. Not filing is not an option.
Tweet by @DebbiKing
#CreditChat
IMPORTANT NOTE:
An extension of time to file is NOT an extension of time to pay.
You must still pay all or part of your estimated income tax due.
Source: www.irs.gov
#CreditChatWednesdays | 3 p.m. ET
Check out all the resources and tips shared:
ex.pn/taxes
#CreditChatWednesdays | 3 p.m. ET
Join Us Every Wednesday at 3 p.m. ET.
bit.ly/join-creditchat
Subscribe & Check Out: