New Tips on Increasing 2015 Tax Refunds Now Available on Examiner.com
Traverse City Tax Preparation Examiner, Frank Ellis, reveals several methods taxpayers can follow in order to maximize the tax refunds they receive in 2015.
September 11, 2014 – A new Examiner.com article unveils several tips on how taxpayers can maximize their refunds for the upcoming 2015 tax season. Refunds are not always as great as people often make the out to be, the author quickly points out. The piece discusses several ways one can boost their tax refund.
Written by tax expert Frank Ellis, the article first explains government rewards for installing solar energy systems. A specialized tax credit will soon go into effect for those who install solar panels or geothermal systems. Another option is college tuition tax credits. Also the Lifetime Learning Credit or American Opportunity Credit can be claimed by those who go back to school to further their career. Specifics on tuition expenses are provided to clear up any misunderstandings.
Also, deductions are available for expenses related to job hunting. The author explains the limitations of these and that commuting costs for someone who works two jobs may be claimed. Moving forward, the article covers IRA contributions as a means to boost refunds, and save on taxes during retirement. Long term savings are possible by making these considerations.
The time at which couples get married can affect how much they owe, Frank Ellis reveals. He touches on possibilities when both partners work and when one serves as a breadwinner, under specific circumstances.
Once again, TurboTax is highlighted as the tool to help find the best solution when filing tax returns. The article is one of many with information on IRS tax credits and deductions most people are unaware of. By following important tips, one can experience a less stressful tax season and find more cash in their bank account.
To learn more about various ways to increase tax refunds in 2015, read the Examiner.com article at http://www.examiner.com/article/how-you-can-increase-your-2014-tax-refund-now.
About Frank Ellis
Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 800 articles on the Internet.
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