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Getting Your 2015, 2016 W-2 Form Online

When you’re doing your income taxes, you will require a number of forms and probably the most significant one is the W2 form.

Every business that you were employed at in the course of the previous year is liable for supplying you with a W-2, which must be sent by January 31 of the current year. You may be able to get yours sooner online.

How to Get Your W2 Form Online

W-2 Tax Form

Many Employers are making their W-2 forms accessible on the internet since it makes submitting income taxes less complicated.

Once you get your W2 you have the option to begin filing online or download and print out your W-2 so it can be included with your tax return.

TurboTax Online will find and access your W2, which allows you to file your taxes as soon as you are ready. This year you can get your W2 easier than ever before! Just follow the TurboTax screens as it guides you to finding your W2 online.

Millions of employers and financial institutions participate so the odds are good your W2 will be available to download. You save time by doing so and it ensures that your information is delivered accurately.

H&R Block Online will also find and access your W2. When using an online based company like H&R Block, you will have the capability to get your W2 data online. You won’t have to wait for your forms to come in the mail.

The TurboTax and H&R Block search page has the capability to find and import your W2 data into your tax return so you can get your refund as soon as possible!

What is a W-2 Tax Form

A W2 is a tax form that documents money paid to you, and money withheld from your paycheck. It includes your commissions, tips, wages, and the taxes that were withheld from your income for federal, state, and social security purposes.

This document has all of the information that you will need to fill out the financial information for your personal taxes. If you have worked, the IRS requires that you use your W-2 to file, and then they determine the amount of taxes that you should have paid the federal and state governments.

When Are W2 Forms Sent Out?

In order to file your income taxes and get your tax refund, you have to have your W2. This form contains all of the important information that you need for your annual income tax filing.

The IRS mandates that employers have to send out W2’s to their employees by January 31. Even if you switched jobs, they still have this deadline in place yet sometimes you can expect to receive it earlier. Your former employer will also include your accumulated vacation, severance, and outstanding bonuses on your W-2 form.

If you do not have your W-2 form by the end of January, confirm that your employer has your correct mailing address. If you don’t receive the W-2 from your employer by Valentine’s Day, contact the IRS at 800-829-1040 and provide them with your details so they can find your information.

Before calling them, make sure you are prepared to provide them with your name, mailing address, phone number, social security number, employers name and address, and the dates that you were employed

The IRS will accept returns without W-2’s; however, this could delay your refund. The IRS has to make sure that your income is accurate and matches their records before they can issue you a tax refund.

Who Can Get Their W-2 Online?

Many companies, including the military, have their employees W-2’s available online. The documents can be downloaded via a variety of outsourcing companies so the distribution process of the W-2’s are automated. Your employer should alert you as to whether or not you will be able to access your W2 online.

If they do allow you to access it online, you will get the benefit of being able to file your taxes earlier in addition to not waiting for paper copies, and eliminating the security risks that come along with having that information sitting around on paper.

How to Find Your W2 Online – Video

What to Do if You Can’t Find Your W 2 Form

The W 2 form is usually mailed to you or made accessible online by the company you work for. If the form is missing or you can’t find it, contact your employer immediately. It’s a good idea to call the IRS if you don’t receive the W2 by mid-February.

In the worst case scenario, you can fill out Form 4852 and attach it to your tax return. The substitute wage and tax statement allows you to input the same details. A tax extension is another possibility, and buys you more time.

Your best bet is to file on time. If the W 2 arrives later, and the information is different from your estimates provided, Form 1040X can be filled out and set to correct any discrepancies, and amend the previous year’s tax return.

Getting Multiple W-2s from the Same Employer with Different Amounts

w2 tax formUsually, if you have multiple W2s from the same employer, with different amounts you need to enter all of them. Turbo Tax or H&R Block can help you get all of the W-2s entered and will calculate the combined income. You may have to file multiple W-2s if any of the following situations apply to you:

  1. You worked for a temporary agency that sent you on different jobs. This will cause you to have multiple W-2s with different amounts but the same Employer Identification Number.
  2. Your employer changes their payroll or placement agency who is responsible for your pay
  3. Your employer was purchased or merged with another company
  4. Different divisions of your company paid you. In this case the Employer Identification Numbers will differ
  5. Your employer reports additional compensation, such as reimbursement for employment business expenses

In the event that all of the Employment Identification Numbers, addresses, and names are the same you may want to contact the payroll department to see why the W-2s were issued like this. If it is a payroll error, you will have to get a correct W-2.

How to Get Prior Years W2s

If you file a prior year tax return, there may be complications such as missing W-2’s and other forms. You can still get a copy of that form. To receive a copy of a prior year W-2, there are a couple of possibilities.

Contacting the issuer is the easiest way to find that particular W2. Employer payroll departments save such important documents that contain tax information. You can simply contact them and ask for the form to be sent to your address. This is usually best way.

You can also contact the IRS directly. If you can’t get in touch with that employer, then you will need form 4506. Although it may take longer and cost you some money, this allows you to obtain the copy of that year’s W-2 rather than do nothing.

It’s important to note the IRS holds past W-2’s and other tax documents for 7-10 years. They’re filed under each taxpayer’s social security number. You can ask for a W-2, but not until a year after it was filed, and form 4506 will be required to get a copy thereafter. Also note:

  • The IRS charges a $57 service fee; checks are paid to “The United States Treasury”.
  • Check the second page of form 4506 for the address to send it to.
  • It takes the IRS up to two months to process the request and send the W-2.

Contacting a current or former employer is the easiest way to get a prior W-2. The IRS is the next alternative if you can’t contact the employer or you do not wish to contact them again.

Remember, with a few clicks of the mouse TurboTax can get the data from your current online W2, and your tax returns are ready to start in moments.


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Two Websites That Can Calculate Your 2017 Tax Refund

By now, you’ve probably gotten taxes out of the way for the 2016 tax season. However, if you want to be a financially conscious person you should already be preparing for the 2017 tax filing season.

Tax Refund Calculator 2016If you are expecting a tax refund, you probably want to know just how much of a refund you can expect.

Having a real life number will allow you to plan the remainder of your year correctly. However, coming up with an accurate estimation is not always easy. Therefore, this article will discuss two websites that help calculate tax refunds and estimated taxes.

TurboTax Tax Refund Calculator

An increasing number of people are turning to TurboTax to get their income tax prepared and filed every year. Their user friendly tools take all the hard work and stress out of tax form preparation and will always get you the largest refund.

One popular tool is the TurboTax tax refund calculator because it is very user friendly and it is attractive. The graphics and sliders make understanding taxes very easy and it updates your estimate as you add in information.

Estimating your tax refund or balanced owed does not have to be complex. In fact, the online calculators make it easy for anyone. All you have to do is answer some basic questions and the calculators provide you with an estimate. Many taxpayers find that using the tax refund calculator only takes them a few moments.

H&R Block Refund Calculator

H & R Block has been helping American’s with their taxes since 1955, when their first office opened. Back then, they were offering high interest loans based on someone’s estimated tax refund.

Now that those programs have been discontinued, they still make it their business to help you see what amount you can expect in your tax refund. Just go here if you would like to use the H & R Block tax refund calculator. You can rest assured it’s up to date by the latest IRS tax figures.

Step 1 – Run Your Numbers in the 2016 Tax Refund Calculator

Answer the simple questions the calculator asks. You don’t have to be 100% exact, you just have to give a good estimate. If your tax situation changes you can always come back to the calculator again.

As you answer the questions, you will see that the information that you enter changes. You will even have access to your total income, adjustments, deductions, and other important numbers in the form of a tax summary.

Step 2 – Consider “What If” Scenarios

Did you go through the calculator and find out that your refund is low or your balance due is too high. If so, try playing around with different scenarios so you can reach a number that you are satisfied with. For example, you could increase your charitable contributions or add in some energy saving home improvements.

In the event that you foresee your income changing, you may want to try estimating taxes with a lower or higher income so you can see just how much of a difference it makes when tax time rolls around.

Step 3 – Estimate Again Once Time Has Passed

Anytime something changes with your tax situation you want to come back to the calculator again. This will allow you to ensure that you are always on the right track financially. The more you estimate your taxes, the better prepared you can be when it comes time to file.

Tax laws change throughout the year, but by using a tax calculator, you can make sure that you are prepared. By utilizing a tax refund calculator, you can have a peace of mind knowing that your tax outcome is going to be the best one possible.

Video – How to Use an Online Tax Refund Estimator

When Will You Get Your Refund?

Once you have your return accepted by the IRS your refund is based on the IRS E-file Refund Cycle Dates. It is estimated that if you electronically filed and selected direct deposit as your payment receivable method, you should get your refund in no more than 2 weeks. However, if you are waiting for a paper check it can take an additional week.

get your tax refund faster with efileWhen you eFile, you will be able to check your tax refund in real time using the “Where’s My Refund Tool” by the IRS within 24 hours after it has been received. Paper filing can take up to a month to be able to track your refund status through this tool.

Additionally, in order to use the tool you have to provide your social security number/EIN, filing status, and the exact amount of your projected refund. When you enter this information your estimated refund release date will be added. The date provided is not set in stone, which means you should check the status on a weekly basis.

Closing Thoughts

Estimating your refund does not have to be hard, thanks to the Free TurboTax refund calculator and the Free H&R Block refund calculator. You can plan and make sure that you spend your refund wisely when it arrives. The IRS says that taxpayers should expect to receive their refunds within 21 days after they file their tax returns.

Whether you are looking forward to paying off some debt or taking a vacation, direct deposit will get you your refund the quickest. Additionally, it is the safest way to get your money as paper checks can be lost or even stolen. Keep in mind, the IRS takes at least six weeks to replace a paper check that hasn’t been cashed and if it is cashed it can take even longer.

Lastly, keep in mind the child tax credits, earned income credits, and federal income tax brackets change yearly, therefore, you could be getting an even larger tax refund when the new laws go into place.


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How Much is the Child Tax Credit for 2016?

How Much do You Get Back in Taxes for a Child?

The child tax credit for 2016 is worth up to $1,000 per child that is under 17. To be eligible to claim this credit your child or dependent must first pass all of the following tests:

  1. Must be 16 or younger on the last day of the year
  2. Must be a US citizen, US national, or a resident alien
  3. Must be claimed by you as a dependent
  4. Must be related to you by blood, or step relationship, or legally adopted child/foster child
  5. Must have resided with you for more than half of the year (special rules apply for special circumstances such as divorce)
  6. You must have provided them with more than half of their support

2016 Child Tax Credit Amount

Child tax credit

  • The credit is worth a maximum amount of $1,000 per child
  • Until 2017, the Child Tax Credit is partially refundable if your earned income was more than $3,000.
  • The Child Tax Credit decreases if you have an AGI of $75,000 ($110,000 for married filers and $55,000 for separate filers).
  • You must include foreign income exclusions when calculating your income for this specific credit.

Claiming the Child Tax Credit

Any parent or legal guardian with a child age 17 or younger at the end of a tax year can claim said child for the child tax credit. The child must reside with the claiming parent for more than 50-percent of the year. The child also cannot financially support themselves with at least half of their own expenses.

When you e-file with a service such as Turbo Tax, you automatically are asked the right questions to determine how much do you get back in taxes for a child.

TurboTax Child Tax Credit Video

The Additional Child Tax Credit

The Additional Child Tax Credit (ACTC) is a refundable credit that taxpayers who receive a larger child tax credit than their income owned receive if their earned income is greater than $3,000.

Form 1040 (Schedule 8812) helps determine if you qualify and the amount of the credit that you will receive. If you e-file your return the software will do all of the math for you. Worksheets for eligibility can be printed from the website anytime of the year.

Dependents on Multiple Returns

Only one taxpayer or couple can claim the child for the Child Tax Credit and ACTC. If more than one person tries to claim the child, the IRS will determine who gets to claim the child using the tiebreaker rules.

Child Related Tax SavingsOther Child Related Tax Savings

Most parents and legal guardians are aware of the earned income credit (EIC) and child tax credits that they can qualify for to reduce their tax liabilities.

Some do not know that adoption credits can be taken as well as paying out-of-pocket (OOP) for child/dependent care. These deductions can help reduce your tax liability, and in some cases, result in a refund.

Earned Income Credit (EIC) – In order to qualify for the EIC, you must meet income limitations and have the required number of qualifying children for your income level. The income thresholds can change. An example is the recent 2015 earnings year. Families with a single child filing jointly cannot have an adjusted gross income (AGI) more than $44,651. For single/head of household and surviving spouses, the income limit for a single child is $39,131

Child and Dependent Care Credit – You could deduct up to $3,000 for one dependent, or up to $6,000 for more than one with this credit. The percentage of child and dependent care costs that you can claim, as an allowable expense is 20 to 35-percent based upon your AGI. If you have a single qualifying child, the maximum credit amount is $3,000. For two or more children, the maximum credit is $6,000.

Adoption Tax Credit – If you have already adopted or are in the process, you may qualify for this credit. The process of adopting a child is costly. Some employers assist employees with adoption expenses. This “income” can be deducted and claimed as employer-provided adoption assistance. You can also claim any monies paid to an adoption agency for the adoption of a child that qualifies for the credit.

You cannot receive any excess funds. The maximum credit can change, view the yearly guidelines set by the IRS. Leftover monies are rolled forward as credits on upcoming tax returns.

Student Loan Interest – Student loan interest can be deducted up to the amount of $2,500 per school/tax year. The modified adjusted gross income constraints to claim this credit require that those filing single do not have more than $80,000 income. For those that are married, the income threshold is $160,000 if you file jointly

Filing Status – If you are unwed and your child resided with you for more than half of the year, you could qualify for a higher standard deduction and lower tax rates with the Head of Household filing status.

Exemptions – Receive the standard exemption for each child that qualifies.

How TurboTax Can Help

You don’t need to worry about figuring this all out. TurboTax makes it easy. After asking you a few simple questions about your family, TurboTax will determine for you who qualifies as a dependent on your tax return. That way, you’ll get the biggest tax refund possible with the least amount of hassle.


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Where to Find IRS Form 1040 and Instructions

Are you aware that there are a few different kinds of IRS form 1040 and instructions? It’s best to know which income tax form suits with your specific circumstance and lets you declare the earnings, deductions, credits, etc. that relate to you.

The Most Common 1040 Forms and Instructions:

  • IRS Tax Form 1040 (Individual Income Tax Return in the U.S.)
  • The Long Form or Form 1040 (Individual Income Tax Return in the U.S.)
  • The Short Form or Form 1040A (Individual Income Tax Return in the U.S.)
  • Form 1040EZ (Income Tax Return for Unmarried and Combined Filers Who Have No Dependents)
  • Form 1040NR (U.S. Nonresident Alien Income Tax Return)
  • Form 1040NR-EZ (U.S. Income Tax Return for Certain Non-resident Aliens Who Have No Dependents)

There are various methods to get tax form 1040 & instructions. The quickest and most effective choice is to download the tax form to your computer. In addition, almost all post offices and neighborhood libraries have tax forms and instructions available throughout tax season, and forms are also available from a tax center or an IRS office.

Additionally, you could ask for a tax form to be delivered to you from the IRS by U.S. Mail.

IRS 2016 Form 1040 is Known as the Long FormIRS form 1040 and instructions

Form 1040 is the usual federal income tax form widely used to record an individual’s gross earnings (e.g., income, products, real estate, and services). It is usually referred to as “the long form” since it is more in depth compared to the shorter 1040A and 1040EZ income tax forms.

Also in contrast to the various other tax forms, IRS form 1040 permits taxpayers to claim several expenditures and tax incentives, list deductions, and modify income. Although the 1040 usually takes more time to fill out, it rewards taxpayers by offering them extra possibilities to reduce their income tax bills.

The 2016 – 1040 Form is usually due by April 15th 2017, except if you request an automatic tax extension. Should you not submit by this date, you are usually subject to fines and/or overdue charges. It is possible to ask for a tax extension by sending in IRS Tax Form 4868 by the initial submitting due date (April 15).

When Getting Ready to Fill out Your Tax Forms

Even before you start doing your 1040 tax forms, you need to have the following material ready:

  • Valid identification
  • Submitting status and Residency status
  • Social Security Numbers for yourself (and also your partner and any dependents)
  • Birth dates for yourself (along with your partner, plus any dependents)
  • A duplicate of your previous income tax return
  • Documents of salary received (e.g., W-2, W-2G, 1099-R, etc.)
  • Statements of interest/dividends from finance institutions, brokerages, etc.
  • Evidence of any tax credits, tax deductions, or tax exemption
  • Your checking account number and routing number (for Direct Deposit)

Keep in mind that IRS Tax Form 1040, with payment amount, is owed by April 15th. A 6-month tax continuance may be allowed (with IRS Tax Form 4868) for overdue submitting, however payments still have to be made by April 15th. You can file Form 1040 by paper mail, via IRS e-file, or by way of a certified tax preparer.

1040 Tax Form Video by TurboTax

Get Your Refund Faster by Filing Online

Filing income taxes online is usually safer, quicker, and simpler ― and you can get your tax refund a lot faster should you opt for the Direct Deposit method. While there are a few income tax forms to pick from when preparing your federal income taxes, a reliable option is to use IRS Form 1040 when you are not sure if you will be eligible for the 1040A or 1040EZ.

  • The standard guideline is: If uncertain, submit Tax Form 1040.
  • You have to submit Form 1040 once any of the following apply:
  • You have taxable earnings of $100,000 or higher
  • You have self-employment earnings of $400 and up
  • You had income tax being taken from paychecks
  • You made anticipated income tax payments, or have overpayment that is applicable to the current tax year
  • You have listed deductions (e.g., mortgage, interest fees, or charitable donation)
  • You generate revenue from a company, S-corporation, partnership, trust, rental, or farm
  • You have sold real estate, stocks, bonds, or mutual funds
  • You are claiming revenue alterations (for tuition, educator fees, relocating costs, or health savings accounts)
  • You got an advance payment for Earned Income Tax Credit (EITC) from a company
  • You have a W-2 that indicates uncollected tax (from tips or group term life insurance coverage), or a W-2 that demonstrates a code Z (earnings from a 409A non-qualified deferred payment program)
  • You owe excise tax on insider stock payment (from an expatriated enterprise)
  • You are a person in debt in a Chapter 11 personal bankruptcy case (submitted after October 16, 2005)
  • You make foreign income, paid foreign income taxes, or are claiming tax treaty benefits
  • You are obligated to repay any further special taxes (e.g., recapture taxes, household employment tax, alternative minimum tax, etc.)

Help at Tax Time

When you file your taxes online it will be like an interview. They will ask easy to answer questions while filling in the correct tax forms for you behind the scenes.

The answers you provide will enable them to see which deductions and credits you qualify for. In the event that you are unsure how to answer a question there are tax experts readily available to help you.

Online tax filing insures that you get the largest refund possible. There’s even a free tax refund calculator available that allows you to know the amount of money that you will be getting back.


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Estimated IRS Tax Refund Schedule Dates for 2017

Some taxpayers may experience a delay in receiving tax refunds in 2017. This is for tax returns due by April 15, 2017. Part of the reason for the schedule delay is a new tax law that goes into effect in 2017.

IRS tax refund schedule dates

Quoted from an IRS press release, John Koskinen, IRS Commissioner said, “We don’t want people caught by surprises if they get their refund later than the normal date.”

Early filers claiming Additional Child Tax Credits (ACTC) and Earned Income Tax Credits (EITC) may have their refunds held by the IRS for several weeks. The IRS tax refund schedule dates could be held up until February 15.

An additional factor coming into play is heightened identity theft awareness. Both IRS and state tax authorities are required to take extra steps to prevent fraud. The additional steps required by these entities takes effect for the 2017 income tax filing season.

To prevent a delay in receiving your tax refund when claiming either the EITC or ACTC, make changes to your income tax withholdings for the remainder of 2016. What this does is puts more money in your pocket now but reduces your refund later.

Tax Refund Dates Without a Delay

The IRS usually issues 9 out of 10 refunds within 10 days after efiling. The chart below will help you determine when you should get your refund.IRS Tax Refund Schedule Dates Cycle Chart

However, keep in mind the IRS tax refund schedule dates are an estimation and is not set in stone. Sometimes there are delays, which may cause your refund to take longer than 10 days to reach you.

Anyone can get their tax refund faster by e-filing and opting to receive their refund via direct deposit.

IRS Tax Refund Cycle Chart

Date You Filed Refund Date if E-File +
Direct Deposit
Refund Date if Paper-File +
Direct Deposit
Jan 15 Jan 25 Feb. 25
Jan 22 Jan 29 Feb 29
Feb 1 Feb 11 March 11
Feb 7 Feb 17 March 17
Feb 15 Feb 25 March 25
Feb 22 Mar 1 Apr 1
March 1 March 11 April 11
March 7 March 17 April 17
March 15 March 25 April 25
March 22 April 2 May 2
April 1 April 10 May 10
April 7 April 17 May 17
April 15 April 25 May 25

Be First in Line for Your Tax Refund

More than 80% of taxpayers get a tax refund. Last year, federal tax refunds averaged almost $3,000. That’s why we’re encouraging people to file as soon as they can. Be first in line with TurboTax Online or H&R Block Online. There is no faster way for taxpayers to speed up their tax refund dates.

Both firms will securely hold and then submit customers’ tax return to the IRS as soon as the agency begins accepting returns. Both firms will process tax returns on a first-in, first-out basis. Although the IRS does not anticipate refund schedule delays, taxpayers are encouraged to e-file and use direct deposit as the fastest way to get their refunds. As it did last year, the IRS expects to issue nine out of ten tax refunds in 21 days or less.

Calculating Your Tax Refund

tax refund cycle chart

H & R Block and TurboTax both have free online tax refund calculators. To use them you have to have your filing status, deductions, income, and dependent information on hand. You won’t have to enter any overly personal or identifying information, but the more information you provide, the more accurate your estimations will be.

Estimating your refund does not have to be hard, thanks to these two websites. You can plan and make sure that you spend your refund wisely when it arrives.

What to Expect When Filing Your Taxes Online

Making the decision to file online is your key to making tax season less stressful. All you have to do is answer a few questions about your tax situation, have your information put on the correct tax forms, and the online system will bring to your attention the deductions and credits that you are eligible for.

This way you can keep more of your hard earned money. They even have a free tax refund calculator so you can see how much of a tax refund you should expect.

It is recommended that you file your tax return online because it will be processed quicker and you will receive your return in the shortest time possible. If you mail in your tax return your refund date could be delayed for several weeks.

Who Can Get a Quick Tax Refund?

As long as an individual does not owe the IRS any money and has some earned income, they are eligible for a quick tax refund. All these taxpayers have to do is e-file and they should be anticipating a refund check according to the IRS tax refund schedule dates. That is what you call fast because some people wait a month before they are paid for working their daily jobs.

Just remember that in order to get a quick refund you must have all of your tax documents in order so that there are no reasons for the IRS to put a hold on your money. If the information provided to the IRS is, information that does not seem to follow through, they can also put a hold on your refund for that as well. So make sure the information provided is accurate and correct to ensure you receive a refund.

Ways to Receive Your Tax Refund

  • Direct Deposit – This is the quickest way and it can go to your checking or savings account, including IRAs. You can even ask for it to be deposited into your TreasuryDirect account so you can buy U.S. Treasury marketable securities and savings bonds.
  • By purchase of U.S. Series/Savings Bonds up to $5,000
  • Paper check mailed to the address you used when filing taxes

To put a stop to fraud and identity theft, the IRS limits the number of direct deposits that can go to one financial account to three. This also includes prepaid debit cards and if the limit is exceeded a notice will be mailed with a paper check.

This year you also have the option of having your refund partially or fully deposited into your myRA account. This is a new type of retirement account from the U.S. Treasury. However, in order to do this, you have to already have a myRA account before filing your return. You will also need your routing and account numbers.

Splitting Your Return

If you are opting to receive your return via direct deposit, you do have the option of splitting up your return into up to three different accounts. For example, you could put some in your checking, savings, and retirement account. In order to do this you must complete and attach Form 8888 to your federal tax return.

However, you are not able to do this if you file Form 8379. Also, keep in mind that the accounts that you are depositing your money into should be in your name, your spouse’s name, or a joint account, which includes both you and your spouse’s name. Lastly, in order to do the direct deposit option your refund amount has to be at least $1.00.

Checking Your Refund Status via the IRS

You no longer have to worry about using the IRS Refund Cycle Chart or schedule to try to find out when your refund will arrive. Instead, thanks to technology, you can use the Where’s My Refund” tool that is located on the IRS website.

It will provide you with the status of your refund and alerts – Tax Return Received, Tax Refund Approved, and Tax Refund Sent. If you have filed a paper return, it will take up to four weeks for your Return Received alert to show. However, if you e-file the alert usually shows within 24 hours.

To use the tool you have to enter your personal information, such as your social security number, filing status, and refund amount.

Checking Your Refund Status via the Phone

If you have a smartphone, you can download the IRS2GO app and check your refund status directly from your phone. It is available for Apple and Android phones. You will still have to enter your personal information to obtain your refund status.

Alternatively, you can call the IRS Refund Hotline at 800-829-1954. You will still have to enter the same information as you would if you were to check your refund status via the internet.

Video Information About IRS Tax Refund Dates

Tax refunds for e-filed returns are usually processed within 10 days of the e-file acceptance date. Refunds from paper returns can take six to eight weeks to process from the date that the return was received. Despite nine out of ten returns going out in this period, if the return is incomplete or inaccurate, further review of the return can cause the refund schedule date to be delayed.

Closing Thoughts

Now you have learned quite a few different ways for you to check refund dates and the status of your refund. All you have to do now is go with the option that works the best for you.

Remember, if you file with TurboTax Online you’ll get the fastest refund possible!


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When Can I File My 2015 Taxes in 2016?

Are you wondering when you can file your 2015 taxes?

Currently, the date for this tax seasons opening is Jan 20, 2016. The good news is anyone can get started today with online tax filing and get a head-start on their tax refund. TurboTax and H&R Block will securely hold and then submit customers’ tax return to the IRS as soon as they begin accepting returns. There is no faster way for taxpayers to get their tax refunds.

When Can I File My 2015 Taxes in 20161. If you file with TurboTax online you can easily prepare and file your own taxes. TurboTax offers advanced tools to help you pay the least amount of tax possible. They also provide extremely fast refunds.

2. If you’re ready to get your taxes filed, join the many tax filers who use H&R Block’s online tax filing. With features online such as the Free Tax Refund Calculator and W-2 Finder, you can’t lose.

The IRS is Now Accepting Tax Returns

The 2016 tax season officially started on January 19th. This means that the IRS is now accepting returns and they are estimating that this year they will receive more than 150 million individual returns.

Four out of five returns have also been projected to be prepared using tax return software and e-filed. However, if you do plan to paper file, you also have the same starting date as those who will be e-filing. Keep in mind, that when you file early in January via paper this is not giving you an advantage over those who are e-filing their returns.

IRS Commissioner John Koskinen said that he was looking forward to opening the 2016 tax season on time and that IRS employees have worked all year to make it happen. He also revealed that he was appreciative of the nation’s tax professionals and software communities, which are particularly helpful to taxpayers this time of year.

As part of the Security Summit initiative, the IRS has been working closely with tax industry professionals and state revenue departments in an attempt to combat identity theft for taxpayers during this tax season.

Deadline for Filing Taxes

The filing deadline this year is April 18th, which is due to Washington, D.C. celebrating Emancipation Day on Friday. In Maine and Massachusetts, the filing deadline is April 19th, because of Patriots Day.

Additionally, Koskinen revealed that the new legislation has made permanent many provisions and extends many others for several years. This makes planning purposes a certainty, which will help taxpayers, the community, and the IRS.

Nevertheless, the IRS is encouraging all taxpayers to wait until they have all of their end of the year statements before they file their taxes. This includes W-2s, 1099s from banks and other payers, and Form 1095A.

The IRS website also has a wide variety of tools and information available that can make preparing taxes easier. In addition, it is recommended that you e-file and chose direct deposit as the way to receive your refund. This ensures you keep your information safe, your return is accurate, and that you receive your refund in the fastest amount of time.

Once again, the IRS has projected that nine out of ten returns will receive their refunds in less than 21 days. If you qualify, you should also take advantage of free tax options available. You can go to the to the “filing” tab to see what options may be available to you.

Additional Tax Filing Facts to Keep in Mind

  • 70% of taxpayers are eligible to file their taxes via IRS Free File. Other commercial partners of the IRS offer free brand name software to 100 million individuals and families who make less than $62,000.
  • Online fillable forms allow you to have electronic versions of IRS paper forms regardless of your income. They can be prepared and filed by you if you are comfortable preparing your own income taxes.
  • VITA and TCE provide free tax help to those who qualify. You can learn more about them by going to the IRS website and entering “free tax prep” in the search box. Alternatively, you can download the IRS2Go mobile app on your phone and find a free tax prep provider that way.

Tips for Filing Your Taxes

  • Organize – Make sure that you have everything that you need before you even begin working on your returns.
  • E-File – E-filing comes with so many benefits such as ease of use, quickness of filing, and identity protection.
  • Sign Up For Direct Deposit – If you want to receive your tax refund in the quickest amount of time, you need to sign up to have it direct deposited.
  • Ask Questions if Needed – If you are unsure about something ask questions. It is always better to be safe than sorry.

Getting a Fast Tax Refund

When 2016 rolls in you can start preparing your tax return online. Once you have it completed, you will be among the first of taxpayers who have their returns processed and their refunds issued.

Keep in mind when you file your taxes with TurboTax or H&R Block the process is easy. They provide you with the largest refund possible by insuring that they ask the correct questions to find out which deductions and credits you qualify for.

You can also use their free tax refund calculators to see how much your tax refund will be. When you file your taxes online there is no way that, you can go wrong and many taxpayers are able to file their federal tax returns free or at a discount.

What to Do if You Have Not Received Your W-2

You need a w-2 form to file a tax return

Before you can file your tax return, you have to have all of the documents needed, including your W-2. All of your employers are responsible for sending you this yet they do have until February 2nd to do so. In the event that you have not received your W-2 yet, you can follow these steps.

Contact Your Employer – If you have not received your W-2 yet, you need to contact your employer to see when they put it in the mail. It is possible that it was returned to them due to incorrect mailing details. Once you have contacted them and found out the status give it a reasonable amount of time for your W-2 to arrive.

Contact The IRS – If you have not received your W-2 after February 14th, it is time to call the IRS at 800-829-1040 for assistance. When calling make sure you have your name, address, social security number and phone number. Additionally, you will need your employer’s name, address, phone number, your employment date, the estimate wages earned from them during the year and estimated federal income tax that was withheld. To make an estimation you should refer to your most recent pay stub.

File Your Return – Even if you do not have your W-2, the IRS expects you to file by April 15, 2015 or request an extension. You can use Form 4852 Substitute for Form w-2, Wage and Tax Statement. This form should be attached to your return, however, keep in mind your refund may be delayed since the IRS has to verify your information.

File Form 1040X – If you receive your W-2 after you have filed your taxes, you must amend your return by filing Form 1040X Amended U.S. Individual Income Tax Return.

To ensure that you receive the maximum refund possible it is suggested that you file your taxes using online software. It makes filing taxes easy and when filing your taxes electronically your tax refund can be returned to you sooner.

Filing Your Taxes Online With TurboTax

Remember, when you file your taxes with TurboTax, you don’t need to know which schedules to fill out. We’ll ask you simple questions about your life and put your answers on all the appropriate forms.

You’ll get step-by-step instructions through your taxes, expert help when you need it and every deduction and credit that applies to you. We make sure you get the biggest refund possible. Try the Free tax refund calculator to see your how much money you’ll be getting back.

Video – How to File Your Taxes Online


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How TurboTax 2016 Helps Find More Tax Deductions & Credits

An increasing number of people are turning to TurboTax to get their income tax prepared and filed every year. They take all the hard work and stress out of tax form preparation and will always get you the largest refund.

As you go through the process of importing income and expense information into
the TurboTax 2016 Online Software, you will see possible deductions appear on your screen. This will let you know what you may qualify for and how much money you can save on your tax bill.

Tax Deductions & Credits You May Qualify ForTurboTax 2016

Finding more tax deductions and credits is one of the great benefits Intuit TurboTax has to offer. You will get immediate information about deductions being claimed on your taxes already and ones that you are eligible to claim.

Here are a few of the best deductions and credits:

Mortgage Interest Deduction One of the best deductions for those who own homes and itemize their deductions is the mortgage interest deduction. This deduction is claimed on Schedule A and as long as your mortgage is secured by your home, you should be able to claim it.

PMI and FHA Mortgage Insurance Premiums This could be the last year where the PMI deduction can be claimed. However, if Congress renews it for 2017 you will be able to deduct it again (usually they have no problems reauthorizing it). This deduction allows you to deduct the costs of the private mortgage insurance (PMI) as mortgage interest on Schedule A. However, the loan has to have been taken out after 2007.

Earned Income Credit Although it changes yearly, the impact of the earned income tax credit remains the same: It helps fight poverty. To be eligible for this credit, you must file a yearly tax return.

Child Tax Credit Raising children is not cheap. However, the IRS understands this, which is why they have various credits and deductions for taxpayers that have families. One of these valuable tax credits is the Child Tax Credit.

Premium Tax Credit The Premium Tax Credit is one of the refundable credits put in place to allow those who qualify to be able to afford the health insurance that was purchased via the Health Insurance Marketplace. Those with moderate incomes who do not qualify for a government or employer plan usually qualify.

TurboTax is dedicated to making sure you save as much money as you can on your income tax bill each year.  This is the goal of any American and they value the same thing. Using this system to file your taxes is all about getting the maximum number of deductions and reducing your payment obligation.

TurboTax 2016 Does the Work for You

Have you ever been confused by the language or directions for the IRS tax forms? Do you have trouble determining which forms you have to use?

TurboTax’s main goal is to simplify the yearly income tax process for you. They lead you step by step using conversational English to choose the correct forms, whether it is 1040, 1040A or 1040EZ, and fill in the forms correctly so you do not have to worry.

They are also capable of automatically filling in information from your place of work, banks and other financial institution which saves you time and reduces the paper work load. All you have to do is provide some basic information and they put everything in the proper places.

TurboTax online filing service also gives you the ability to import your W2 information into your tax return so you can avoid worrying about your forms being delivered via the mail.

Guide to Getting Your Refund – TurboTax Video

Get a Discount

You can already see how the TurboTax preparation system is easier than anything you have done before. It gets even better if you use this discount coupon code. They will automatically fill in forms based on last year’s information and ask if anything has changed to ensure accuracy. All of your data is secure, perfectly private and saved in their system in case you have to stop the tax preparation process and come back to it later.

Their Smart Check scans for any errors so you can rest assured that the IRS is getting correct information. Their guarantee that is so strong that they will pay any IRS penalties a plus interest if there is any error on your report. Intuit TurboTax has the latest tax laws, updates frequently, uses top of the line security features and guarantees accuracy.

Free Tax Refund Calculator

Are you curious to see how much your refund will be? One of the best ways to have an estimation about the amount you should receive is to use one of the online tax refund calculators. The number is just an estimation, so it’s not 100% accurate, but it does give you a number. The TurboTax refund calculator shows you approximately how much your refund will be.

TurboTax Absolute Zero Now Available at No Cost to 60 Million Americans

 People who file IRS tax forms 1040A and 1040EZ can now use TurboTax Absolute Zero for free. Available to an estimated 60 million American taxpayers who file these forms, the service enables use of TurboTax Federal Free Edition at no cost.

To qualify, you have to file a 1040A/1040EZ form. Americans with a taxable income of less than or equal to $100,000 are qualified to use these forms and claim standard deductions. Independent contractors, homeowners, and also Americans with medical expenses qualify to use these forms and use TurboTax Absolute Zero.

TurboTax 2016 Help & Support

Help and support is available 24/7 for the entire tax season. You also have access to human tax experts who can answer any questions that you have. Phone assistance does have a price tag, but it is available if you need that one on one help. All tax experts are certified public accountants or enrolled agents.

TurboTax online software also features various help files and explanations that cover numerous tax topics. Most users are able to go through the software without going to the help files, but they are readily available if you need them. They even have video classes and tax guides available in addition to the active user community and social media accounts where tax topics are also discussed.


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What to Do If You Don’t Have Your W-2 Form

The tax deadline for filing taxes is nearing for U.S. taxpayers and they are feverishly getting all their documents together so they can file their taxes on time. But the important W-2 is missing or maybe you haven’t received it yet, what should you do? No need to panic, you can easily get your missing W-2 form or you can even file your taxes without it.

What to Do If You Lost Your W-2 Formtax statement W-2

The W-2 form is a vital piece of info for most tax filers as it confirms the income you earned for that tax year. Sometimes known as the Wage and Tax Statement, this is sent out by employers at the beginning of every calendar year.

These businesses, by law, have to mail the W-2 forms by January 31 so that filers have sufficient time to submit their taxes by the April 15 deadline for filing taxes. Your employer also has to send a copy of your W-2 straight to the IRS.

What if you don’t have your W-2 form, what should you do next? As per the IRS, you have a few options to think about:

  1. Contact Your Employer

If you can’t find your W-2 for whatever reason, you can still contact your employer through their HR department and request a new one to be mailed to you. It could have been returned to your employer because of a wrong or incomplete address.

  1. Contact the IRS Directly

You also have the option of getting in contact with the IRS directly. If you don’t get it by February 14, the IRS suggests contacting them TOLL FREE at 1-800-829-1040. When you call be sure to have handy your name, address including city, state, zip code, your Social Security number, phone number as well as the following:

  • Full name, address and phone number of your Employer
  • Period of employment
  • Estimated income earned, federal income tax withheld along with dates you worked for the employer. You can get all of this info from your pay stub but looking at the year to date info.

Once you contact the IRS directly for your missing W-2, they might be able to get the form that was send to them by your employer. Hopefully you will get it in time to file your taxes on time.

  1. Just File Your Return Without The W-2

It doesn’t matter if you have your W-2 or not, according to the IRS you still have to file your tax return or request a tax extension by April 15. In a case where you already contacted the IRs regarding your missing W-2, they will get you to complete a Form 4852 which will function as a Form W-2.

The Form 4825 will have to be attached to your form 1040, where you will have to estimate income as well as withholding taxes as precisely as possible. The IRS states that going this route might delay your refund because they will have to take extra time to verify the info you sent them.

If you get your W-2 after you have already submitted your return using Form 4852 and you notice that your earnings or taxes being withheld are incorrect, you are able to amend the tax return. You can make the amendment by filling out a From 1040X, Amended U.S. Individual Income Tax Return or you can contact the IRS directly with the correct info.

How to Get Your W-2 Online

You might still  be able to get your W-2 data electronically if for whatever reason it didn’t work out with your employer or the IRS. The authorized IRS e-file providers H&R Block and TurboTax provide free access online for W-2 forms.

Depending on the availability of these documents from your financial institution and employer, this feature will allow you to find and import your W-2 online.


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How to Claim a Medical Expense Tax Deduction

Medical expenses can damage your budget tremendously, especially when the emergency is unexpected and your insurance does not cover it. The good news is the IRS does allow you to have some relief from medical expenses with a medical deduction for 2016.

However, to take advantage of their leniency you have to know what is considered a medical expenses and how to claim the deduction.

Deduction Value for Medical ExpensesMedical expense tax deduction

The IRS allows you to deduct your qualified medical expenses that exceed 10% of your AGI.

For example, let’s say you had an AGI of $45,000 and $5,475 in qualified medical expenses. You would have to multiple $45,000 by 10% to find that only expenses exceeding $4,500 could be deducted, which means your deduction would be $975.

Until December 2016, those who are over the age of 65 can deduct qualified medical expenses that exceed 7.5% of their AGI.

2016 IRS Medical Deductions

  • Prevent care
  • Treatment
  • Surgeries
  • Dental and vision care
  • Psychologists and psychiatrists visits
  • Prescription medications and appliances
  • Travel expenses for medical care

Medical Expense Deductions Video

Non-Deductible Medical Expenses

Any medical expenses that you are reimbursed for are considered nondeductible. Additionally, you cannot deduct cosmetic procedures, non-prescription drugs (insulin is excluded) and general health items. You also can only deduct the expenses during the tax year that they occurred.

How to Claim the Medical Expenses Deduction

To claim the medical expenses deduction, you have to itemize your deductions. Additionally, you should only claim this deduction if it is higher than the standard deduction. If you decide to itemize your deductions, you have to file Form 1040 and attach Schedule A.

  1. Report the total amount of medical expenses that you paid on line 1 of Schedule A and your AGI from line 38 on Form 1040 on line 2.
  2. Put 10% of your AGI on line 3
  3. Enter the differences on line 4
  4. The results on line 4 will be subtracted from your AGI to show your taxable income
  5. If this amount is less than your standard deduction, stick with the standard deduction.

Itemizing Deductions

Itemizing deductions are ideal for those that are self-employed, have a lot of out-of-pocket medical expenses, and investments. Business owners also itemize deductions for personal business expenses on their individual returns. It is important, however, to view the updated list of accepted deductions and their limitations prior to completing your tax return.

Itemizing deductions is tricky. Some have a floor amount, or minimum amount allowing for deductions over set dollar amounts only.

Another twist with itemizing deductions is limits for taxpayers based upon income amount. This income limit can also change as inflation adjustments are made to standard deductions. This does not mean that your deduction will not count, it may just reduce the amount of the deduction that you can take.

Tips for staying organized for itemized deductions:

  • Keep separately labeled files for each expense
  • Date every expense
  • Keep files in chronological order
  • Obtain copies of donations, mortgage interest, medical expenses and other miscellaneous expenses

To file your itemized deductions, you will use form 1040 Schedule A. This form must be attached to and/or submitted with your completed form 1040. You cannot itemize deductions if you are using form 1040 A or 1040EZ.

Keep in mind, if you file with TurboTax or H&R Block they will ask you the correct questions to let you know which medical deductions you qualify for and guarantee you will receive the largest refund ever. You can also use their free tax refund calculator to see how much of a refund you can expect.


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Tips & Free Tax Filing for Military Service Members for 2016, 2017

free military tax filingIf you are a member of America’s armed forces, we know how valuable your time is – even when it comes to tax season. That’s why we have compiled a few tips for you to know as you begin the process of paying Uncle Sam.

You don’t need to be an expert in state and federal tax code, and you don’t need to spend the money on an accountant or go to a retail tax service. You just need your basic tax forms, and TurboTax can do the rest for you.

What Service Members Need to Know When Filing Taxes

Organization is Your Friend

Keep all you tax documents organized into one file, and never leave them separate. There’s a reason why the military taught you a high standard of order, and preparing your taxes is made much easier when you keep these documents together and separate from your other files. You will save time, and that means a faster tax refund.

Take Advantage of Your Deductions and Credits

As a service member, there are many deductions which you can take advantage. Many are the same the civilians can file, but you also get many other benefits thanks to the uniform you are wearing. Here are just a few of the deductions and credits you can claim:

You Get to Keep Your Combat Pay

By including it on your taxes as you determine your earned credits, you remove the danger of reporting no earned income, and that means that you can still qualify for the Earned Income Tax Credit. Just remember that you can only report all or none of your combat pay – there is nothing in between.

For service members serving in a combat zone, all the money you earn is non-taxable. No we did not stutter! Every single penny designated as combat pay is considered exempt under federal law, so you don’t even have to claim it on your taxes. However, if combat pay was all that you earned for the year, there could be an advantage in reporting it. 

Earned Income Tax Credit

Let’s face it, while there are tons of benefits being in the military, pay is not one of them. However, you are not doing this for the money. As a result, you can qualify for the Earned Income Tax Credit which can be a nice boost on your tax return.

Moving and Travel Expenses

Moving from one base to another can be a costly affair, but the good news is that you can take advantage of these costs. Unreimbursed expenses are tax deductible so long as they are defined as reasonable by the government. If you are married and have to move the family along with you, you may qualify to have almost 95% of the cost of moving reimbursed.

Child Tax and Child/Dependent Care Credit

If you have children, this credit can definitely be a big help in getting you a bigger return on your taxes. Up to $6,000 dollars if you qualify for this credit.

You Get an Automatic Deadline Extension if You’re on Combat Deployment

As a member of the armed forces, you also get a 180-day extension on filing for your taxes. This benefit extends to your spouse as well if the two of you file jointly. However, it only applies if you are serving in a combat zone, and it begins the moment you return from such a deployment.

No Need to Report Health Insurance

If you are getting your health insurance from the military, there’s no need to file any forms such as the 1095-B or C as required by the Affordable Care Act. You might receive them in the mail, but unlike civilians who must report their insurance coverage, these forms are not required for you to report on your taxes. Just keep them for your records.

 Use TurboTax for the Most Accurate Filing and Maximize Your Return

Using TurboTax will save you big when it comes to time, and time is a valuable resource in the military. All you need to do is have your tax documentation organized and ready. TurboTax will do the rest.

TurboTax Offers Free Tax Filing

Military personnel, ranks E-1 to E-5, are eligible to file taxes for free using the Turbo Tax Online Federal Free Edition. It asks you simple questions to help you get the right information filed and offers you a huge library of resources that are online in order for you to be as accurate as possible in reporting your income and receiving the tax deductions you deserve.

They even have a free tax refund calculator available that allows you to know the amount of money that you will be getting back in your tax refund. Their online filing services has the ability to import your W2 information into your tax return so you can avoid worrying about your forms being delivered via snail mail.


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