Free Tax Review? Can’t hurt to look…
I’ll Review Your 2014-2016 Tax Return for Free
Could you have missed something that would result in a higher refund? What about your tax preparer? Why not call for a free tax review?
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Up to 20% of eligible taxpayers miss a potential earned income tax credit worth up to $6,242. Only about 50 million taxpayers itemize even though millions more should. This applies especially to homeowners.
Taxpayers also commonly overlook education and child-related tax benefits. Other costly mistakes include using the wrong filing status, like filing as single when qualifying for “head of household” status. These and other mistakes result in overpayment of taxes.
Free Tax Review! Can’t hurt to look…
Unfortunately, not all tax returns are prepared accurately. By filing an amended return, you may be able to get your overpaid taxes back. Regulations provide that amended returns can be filed for up to three years after the original due date. This means that right now you can file amended returns for 2015, 2014, and 2013. Get a free personalized professional review of your original tax return. Get a free personalized review of your return(s). I will file an amended return for you for a low fixed rate price of $125!
Professional reviews often reveal many common tax mistakes, including:
- Missed education credits: The American Opportunity Credit was extended through 2017, allowing taxpayers to claim $2,500 for the first four years of college education for each student. The Tuition and Fees Deduction provides a reduction in taxable income of up to $4,000, and the Lifetime Learning Credit is worth up to $2,000 per return for post-secondary degree programs. These education benefits cannot be combined (for the same student) so taxpayers should work with a tax professional to choose the one that is most beneficial.
- Inaccurate filing status: It is very important to accurately assess filing status as it impacts the value of some credits and deductions available. For some families, changing their filing status to married filing jointly from the often less beneficial married filing separate status can make them eligible for more tax breaks and ultimately a larger tax refund.
- Overlooked Earned Income Tax Credit: Low-income workers may be eligible for the Earned Income Tax Credit, depending on marital status and family size. For example, a married couple with three children may qualify for the maximum credit of $5,891. As a frequently overlooked tax credit, only 20 percent of those eligible claim this credit.