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Tax Refund Schedule and Calculator for 2010
The filing date of the income tax return form will determine the expected refund schedule date for the taxpayer. Electronic filing and direct deposit speed up the process of the tax refund.
By: Harbor Financial
Free federal e-file available at http://www.harborfi.typepad.com
If the taxpayer chose to have a paper check mailed it could take as long as 21 to 30 days for the papers to process. Certain tax refunds processed under the IRS’s new modernized “Customer Account Data Engine” (CADE) may be issued at a faster rate.
Free Tax Refund Calculator Video
Tax Refund Calculator
The tax refund calculator is a helpful tool which allows individuals and business owners to estimate a tax refund or taxes owed. The tax calculator asks simple questions about lifestyle, income, and exemptions. As data is entered the calculator will display refund expected or tax owed. Before the taxpayer begins it would be wise to have the necessary documents available. Any W-2 forms, Social Security number, filing status, itemized deductions, mortgage interest, and income from capital gains or other sources.
American Recovery Act, Credits, Deductions
Many Americans will notice how the Make Work Pay Tax Credit adds up to the benefit of more take-home pay in each check. Adjust the proper amount of withholding to make sure enough taxes are withheld from each check or else taxes will be owed at the end of the year. The tax withholding calculator can aide the taxpayer with this tax estimate.
The First Time Home Buyer Credit has been extended and expanded for more Americans to benefit from this opportunity. Homebuyers who purchased in 2009 can get a credit of up to $8,000 with no payback requirement. Taxpayers who buy certain new vehicles in 2009 can deduct the state and local sales taxes paid or other taxes and fees paid in states with no sales tax. There are many more new credits and deductions to take advantage of. Don’t miss deductions due to lack of knowledge.
Tax Refund Estimator Tool For Online Tax Preparation
Calculate a refund or tax due with the free tax calculator. The online tax preparation software can find over 350 deductions for individuals or business owners. Don’t miss out on the new tax credits or deductions. New tax laws may have many new benefits which were unavailable in previous years. Business owners will want to take advantage of the new expanded business expense amount which is about to be lowered.
Learn More Here About Benefits With Big Financial Advantages
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Harbor Financial provides tax information, a free tax calculator, and online tax filing. Visit www.harborfinancialonline.com to gain helpful knowledge concerning preparing income tax forms efficiently and accurately. The tax videos provide visual and audio how to lessons guiding the taxpayer through filling out proper forms with full explanations making filling them out easy to understand.