July 14, 2015
How to Begin Collecting Your 2015 Tax Refund Now
Posted by Armanino Tax Team
If you usually receive a large federal income tax refund, you’re essentially making an interest-free loan to the IRS. Rather than wait until you file your 2015 tax return in 2016, why not begin enjoying your “refund” now by reducing your withholdings or estimated tax payments for the remainder of 2015?
It’s particularly important to review your withholdings, and adjust them if necessary, when you experience a major life event, such as marriage, divorce, birth or adoption of a child, or if you or your spouse is laid off.
If you’d like help determining what your withholding or estimated tax payments should be for the second half of the year, please contact us.
The tax decisions you make today can affect all aspects of your professional and personal life. We make it a priority to understand what you have in mind for your company, your family and yourself. Armed with this information, we carefully coordinate your tax, retirement, estate and financial planning needs to help you achieve your specific goals.