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And the Big Bad Tax Refund said,

Tax money“What a good little taxpayer you are! I could just eat you up, but I won’t.”

An American rite of passage into spring is the anticipation and arrival of the tax refund. Money from the IRS! You didn’t owe them a penny, didn’t have to pay them a dime!

And the Big Bad Tax Refund just grins and repeats, “What a good little taxpayer you are! My sweet.”

In 2014, nearly 84 million tax filers were “good little taxpayers”

Last year, the IRS issued refunds totaling almost $255 billion. That means, on average, each one of those good little taxpayers loaned Uncle Sam $3,036. And it was INTEREST FREE.

And the good little taxpayers say,
  • What’s the big deal? I got money back.
  • It’s my savings account. If I had it, I would have spent it.
  • Wait a minute, I qualified for…
Yes, tax credits. That’s another issue.

If you qualified for tax credits, you’re very likely seeing refunds relative to those specific credits to see what The IRS Says.

  • Earned Income Credit
  • Child and Dependent Care Credit
  • Adoption Credit and Adoption Assistance Programs
  • Excess Social Security and RRTA Tax Withheld
  • Retirement Savings Contributions Credit
  • Repayment of the First-time Homebuyer Credit
  • The Premium Tax Credit
So what’s the bottom line?

When we establish a personal relationship with our clients, we take care of a lot more than simply filling in spaces on a tax form. we know your LIFE is your business and we take it as seriously as you. Schedule your mid-year tax review now. It’s personal.

Call 479-478-6831 or send us an email

 

Stop wasting money

Red flags for tax auditors

What do your taxes pay for?

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