Tax Planning
A tax planner can offer you guidance on how you withhold and file your taxes to maximize your net income and minimize the amount you owe at the end of the year.
Here are just some of the benefits of tax planning:
- Lowering your liability. This is especially important if you own a business. We’ll make sure you claim the right tax credits and plan for your quarterly tax payments so you’re not caught off guard.
- Managing your tax bracket. We’ll help you plan your income to manage your tax bracket, minimizing what you owe on your taxes. This could include contributing to retirement and other strategies to save for the future and decrease your current tax liability.
- Managing charitable donations. In some cases, charitable contributions can help lower the amount of taxes you have to pay. A tax planner can help use these charitable donations to benefit you while giving to those in need at the same time.
Tax Preparation
Owing back taxes isn’t the only reason you should seek tax help. If your taxes are complicated or you have questions about how to file, working with a dedicated tax expert can ensure you get everything right the first time.
Here are just some of the benefits of hiring a professional to do your tax prep:
- Saving money. Our tax pros are experts on the tax code and what it takes to stay compliant. They also know how to maximize your deductions and tax credits so you get to keep more of your hard-earned money.
- Saving time. A qualified tax professional can save you hours upon hours of time and stress. Aren’t there better things you could be doing than filing your taxes?
- More accurate returns. Even a small error on your tax return can put you at risk of being audited or facing steep penalties. Going with an expert ensures your taxes get filed correctly the first time.
Schedule a free consultation with one of our tax associates and see how we can help you leave your debt behind.
Get Started for FreeWho has to file?
Unsure whether you have to file taxes this year? Here’s a quick guide to understanding your filing obligation:
| Filing Status | Age | Minimum Gross Income |
|---|---|---|
| Single | Younger than 65 | $12,550 |
| 65 or older | $14,250 | |
| Married filing jointly | Younger than 65 (both spouses) | $25,100 |
| Younger than 65 (one spouse) | $26,450 | |
| 65 or older | $27,800 | |
| Married filing separately | Any | $5 |
| Head of household | Younger than 65 | $18,800 |
| 65 or older | $20,500 | |
| Qualifying widow(er) | Younger than 65 | $25,100 |
| 65 or older | $26,450 |
Frequently Asked Questions
about Filing Taxes
At TaxQuotes, filing taxes is just one of the things we specialize in.
Whether your returns are simple or complex, our team of tax preparers is ready to help.
- Do I have to file taxes?
There are a few things that determine whether you have to file taxes or not. Check out this handy chart for help.
- When are my taxes due?
Normally, April 15 is the day individual tax returns are due. However, for the 2021 filing year, it’s April 18, 2022. If you file an extension, it’s Oct. 17, 2022.
- What kinds of income are taxable?
Unless it’s specifically exempt, any income is taxable and must be included on your tax return. This includes wages, salaries, commissions and unemployment benefits. Unsure if your income counts? Contact a tax professional.
- Can't I file my own taxes for free?
You absolutely can. But like most things, you get what you pay for. Our professionals will make sure your taxes are filed accurately and maximize your deductions, ensuring you pay the least amount possible.
- How do I make sure I don't owe?
Our tax planning services ensure you’re withholding enough throughout the year, so there won’t be any surprises when it comes time to file.