How to Get a Tax Refund

On January 15, 2012, in Tax Tips, by Justin

Everyone loves a refund, but there’s just something about getting a tax refund… that’s a special kind of awesome! So the big question (especially if you’re new to the world of taxes) is: How to Get a Tax Refund? Don’t let the “big bad IRS” scare you, it’s easier than you think. If you’ve paid more money in taxes through the year than you really owe, it’s your money and you deserve a refund.

So, how do you get a tax refund? You have to jump through a few IRS hoops, which usually means gathering up all your W2′s, grabbing a calculator, rolling up your sleeves, sharpening your pencil, and getting to work crunching numbers and filling out forms. Unless, that is, you’re one of the savvy who use free tax software to do all the heavy lifting. In this day and age, there’s really no reason for you to fill out a single form by hand.

My two favorite tax programs are TurboTax and H&R Block at Home, but TaxAct, Tax Brain and others are good too. I’ve created a few separate posts on those, so read up!

All that being said, if you’re getting a tax refund what it really means is that your employer is withholding too much in taxes from your paychecks. As much fun as getting a huge tax refund is, the reality is that you gave Uncle Sam an interest-free loan for the year. There are much better uses of your money than that! Be sure to speak with your employer about reducing your withholdings.

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