How to Get a Bigger Tax Refund
Discover a Simple, Fun Strategy to Get a $3,000-$6,000
Increase Your Tax Refund!
No one wants to lose money – especially to Uncle Sam! That’s why when we do our personal income tax returns every year, we look at all possible ways to learn how to get a bigger tax refund.
We want back every penny back as we can possibly get. But in order to get that biggest refund possible, you need to know the best strategies to use to learn how to get a bigger tax refund .
Double 1 dollar 19 times with taxes taken out, it equals
There are two types of tax payers … the “ informed ” and the “ uninformed. ” Being uninformed is costing the average tax payer $3,000 to $6,000 or more a year in overpaid taxes!
In order to pay fewer taxes, we have to reduce our tax liability to the absolute legal minimum. The best way to do this is by having more tax deductions.
How to get a bigger tax refund and more tax deductions?
If you haven’t looked into the outrageous deductions available to small, home-based business owners, you are leaving your hard-earned money on good ole Sam’s table.
Your goal, and the government’s goal, is for you to make more money. The more money you make, the more money you pay in taxes. It’s a WIN-WIN situation.
The Internal Revenue Service wants to help us to start our business endeavors they want to also
help sustain us and our new business until we get traction and start earning big profits.
To help you get up and running, the IRS offers many, many itemized tax deductions to those with a home-based business. Here is a partial list compiled looking at IRS form Schedule C and a few other resources.
- Mortgage/Rent Payments
- Vehicle use, expenses, repairs, registrations
- Travel (includes family vacations)
- Phones/Internet Services
- Real Estate Taxes
- Personal property taxes
- Home repairs and maintenance
- Office Supplies
- Computer – equipment, antivirus protection, maintenance, PC programs
- Business start-up costs – includes all costs of enrollment, such as a direct selling company
- Business product inventory and supplies – includes business products you may use
- Books, self-improvement materials, training
- Website and other services
- Clothing and dry cleaning
Now, let’s look at ONLY the top five itemized tax deduction s listed above. These are the top five deductions nearly everyone and every household has. Also, the list includes the average amount spent on only these top five tax deductions every month :
- Mortgage/Rent = $1,550 (American Average)
- Vehicle Mileage = 1,200 miles (based on an average of 15,000 miles a year)
- Travel /Vacations = $200 average monthly (Based on about $2,000 a year)
- Cell Phone/Internet = $200
- Meals/Entertainment = $400
Using ONLY the top five tax deductions. this home-based business’
Estimated Annual Tax Deduction is :Source: www.realresults2020.com