Follow These Tips to Maximize Your Tax Refund

Follow These Tips to Maximize Your Tax Refund

November 6, 2020

Whether you’re making $30,000 a year or $3 million, everyone who lives and works in the United States wants to ensure they’re getting the most money back from their annual tax refund. It’s only natural. You work hard all year investing in the government, and when the time comes for them to give back, you want some of that cash in your bank account.

If this sounds like you, here are some tips for getting the most back from your taxes with some help from the best tax return services in Castro Valley, CA and the surrounding areas.

Start early

If there’s one thing the IRS loves, it’s a tax return that is filed earlier than the filing deadline. What’s more, when you begin the tax return process earlier in the year, you can ensure your accountant isn’t bogged down with countless clients and can give your return the detailed and careful attention it deserves. Best of all, when you file early, you’ll get your return that much sooner. It’s a win-win for everyone involved.

Hire a pro

Even though the mostly “free-to-use” online applications can prove tempting for a lot of people, you shouldn’t fall victim to that compulsion. When you work with the best tax return services in Hayward, CA, you’ll benefit from insight from a team with years of experience filing returns. These are professionals who have spent their time studying the intricacies of the ever-changing world of state and federal taxes. They’re bound to see something that you missed, thereby getting you much more than you thought possible (or perhaps saving you from an audit).

Don’t be modest

Do a little light research to figure out which of your activities over the previous year might be tax deductible. Did you donate clothes to Goodwill? Give money to a charity? Any kind of charitable act could potentially add some deductions to your tax return that could add up when your refund is calculated.

Don’t obfuscate

When you’re listing all of the income you’ve received over the year, be sure to be thorough. List every source of income you’ve received, no matter how small or insignificant it might seem. After all, when it comes to the IRS, there’s no such thing as a freebie.

Put your faith in the experts

When you want to get the most from your tax return, come to the best tax return service in San Leandro, CA. At Menjivar & Company CPAs, Inc., we have been serving our community since we opened our doors in 1978. Our highly-skilled team of certified public accountants can help you or your business with a wide array of services, including bookkeeping, payroll services, audit mitigation and of course the most comprehensive tax preparation services in our area of California.

Whether your needs are personal, commercial or fiduciary, Menjivar & Company CPAs can help. Let us wow you with our top-notch customer service and impeccable work. Come find out why people have been trusting us for over 40 years. Schedule an appointment today—we can’t wait to hear from you.

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