With tax season around the corner, it is important for individuals and businesses to do everything they can to lower the cost they owe the IRS and maximize their refunds. If you are overwhelmed on where to start, or are unsure how you can maximize your tax refund this year, the financial team at King Financial Services can help you! Not only is our team of financial advisers prepared to help you with your taxes, but also with other financial planning and organization services. Do not get overwhelmed or risk the chance of a misfile, instead, contact King’s Financial Services today. We help eliminate the risks of filing incorrectly or paying too much for your individual or business taxes.
Listed below are some tips on how you can maximize your refund this coming tax season:
Don’t Miss Any Deductions: Seems like an obvious one right? While the concept is simple enough if you are lacking intimate knowledge about tax law and are not well versed in what deductions are available to you, working with King Financial Services can benefit you. Some of the most common tax deductions you may qualify for include charitable donations, medical costs, prepaid interest on a mortgage and education expenses. Deductions are powerful tools with the ability to help lower your taxes. When the total is found, it is then subtracted from your adjusted gross income, which in turn lowers your actual taxable income. Your taxable income is the amount you pay taxes on. The lower it is, the less tax you pay and the higher refund you might get back. If you need help figuring out the total cost of your deductions, or to ensure you are not missing out on any, contact King Financial Services today. Our team will help you maximize your refund and pay less this coming tax season!
Use The Most Appropriate Filing Status: Are you unsure what your best filing status should be? Often times, this is a detail that is overlooked and has the potential to cause a serious impact to your taxes. When you work with a tax preparer at King Financial Services, make sure they stay updated on any life changes or status changes you have gone through since previously filing. This has the ability to greatly impact the way you file your taxes and the total cost you pay.
Work With A Professional: When it comes to filing taxes, one error can have the ability to cost you money and time. The last thing anyone wants is to be audited or pay more than they need this coming tax season. Work with the professionals at King Financial Services today to learn more about how we can help you maximize your refund and file without error this coming tax season!
Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.