Tax Rebates & Refunds

Get the right tax refund with these simple tips

August 24, 2010
Posted in Tax Rebates — Written by Jennifer

Nobody likes paying taxes. But you can sometimes claim a tax refund. These refunds are usually additional taxes that are overpaid and can thus be retuned to the taxpayer.

If you think you mighty have paid too much tax there are a few things that you can do:

Appoint a professional- The first step to getting a tax return is to hire a professional tax accountant. This is because tax laws are always changing and you may not be aware of the things that will help you calculate if you are eligible for a tax refund or may even lower the tax you are currently paying.

Claim business expenses- If you are self employed, there is a chance you may get a higher level of tax refund because you are allowed to claim certain expenses from your gross profits. Expenses like business trips or other costs if you are working from home can be claimed. You can also include the purchase of computers, telecommunication expenses and other office supplies and hence get tax refunds.

Keeping track of how much tax you have paid over the year can reduce the worry of a big bill. But it is becoming increasingly common for people to find they are overpaying, and if they don’t claim the tax back they will eventually become ineligible for a refund.

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