With tax season in full swing, there are over 143.3 million people in the United States seeking to file their taxes by the April 15th deadline. The 2020 tax season brought a wave of mayhem amongst taxpayers, where record unemployment numbers, unprecedented stimulus payments, and overall governmental changes have confused and impacted millions of people. This tax season, Winn Financial is your one-source solution for all your tax-related needs, regardless of the mayhem of 2020.
While we look over the massive changes from the last year, 2021 is a prime year to compare previous tax results. In 2019, the average tax refund was $2,476, which was a significant decrease from those of 2018. This follows a downward trend from 2015, where there has been a steady decrease in tax refund amounts for all filers. Furthermore, a remarkable 80% of filers made a mistake while filing in 2018 with a large part of the errors resulting from new legislation. With Winn Financial, our dedicated team of experts minimize all mistakes, correct withholdings, and ensure your optimal tax refund.
Each tax season, more people are interested in the tax rates and comparisons against other fellow taxpayers. We have found that Pew Research Center’s income calculator serves as a wonderful tool to know both the average income of any metropolitan area in the United States, as well as how to gauge your next salary raise.
Recent tax changes affected millions of refunds statuses, however, Winn Financial specializes in maximizing your tax refund each year, without fail. While your withholdings from your W-4 designate your payments towards income, Social Security, and Medicare, Winn Financial excels in finding exemptions, tax breaks, and other reductions to ensure that all filers receive their maximum amount. Filers often have multi-year requirements to adjust and reconcile past finances, and Winn Financial boasts a dedicated team of expert to service all filer needs, even in the most advanced of requirements.
As a pre-cursor to filing taxes, our experts suggest taking these basic steps to ensure your information is accurate to reduce the most common errors:
- Triple-check to ensure your correct Social Security number is listed.
- If you have had a change of living or mailing address, mark these changes within your information.
- Utilize your checkbook or online banking tools to ensure that your direct deposit account and routing numbers are correct.
- If self-employed or a gig-worker, check your previous income statements to reconcile your gross profits, while minimizing paying taxes on income that you have not received.
- Stay on top of credited expenses, including childcare, education, student loan interest, or health insurance.
- Keep a copy of your return. Winn Financial excels in reconciling previous returns to ensure your most recent tax returns are fully optimized.
Contact a Winn Financial expert today to gather all of your information, tax breaks, and confidence of receiving an excellent tax refund with verified information and reconciliation. Winn Financial is available at +1 714-888-5666 or info@winnfinancial.us to support all of your tax needs.
