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April 15, 2021

Filing Your Tax Return Would be a Breeze if You Do These 5 Things

Person Filling Out Paperwork | Veteran Car DonationsGood news for taxpayers who have been procrastinating or aren’t ready yet to file their income tax returns! The Treasury Department and Internal Revenue Service have announced the extension of Tax Day from April 15th to May 17th this year.

The IRS extended the tax-filing deadline to give taxpayers more time to prepare their tax documents amid the “unusual circumstances” posed by the coronavirus pandemic.

Nevertheless, the IRS is urging taxpayers to file their returns as soon as possible, particularly those who expect to get refunds. Those who need additional time to file beyond the May 17th deadline can request a filing extension until October 15th.  However, those who need to pay taxes due will not be granted such an extension. Taxpayers should pay their federal income tax due by May 17th to avoid interest and penalties.

Don’t worry though. Tax Day doesn’t have to be so stressful or complicated. Filing your tax return would be a breeze if you know all the things that you need to do beforehand. Here are 5 ways of filing your taxes as smoothly as possible:

  1. Organize your invoices.

Get your invoices organized and ready if you’ll need an accountant to look through them. Organizing them beforehand can allow you to expedite the process and identify any potential tax filing or payment problems.

  1. Get your tax documents ready.

Make sure all your tax-related documents are ready before the deadline. Check them for possible typos or errors.

  1. Hire an accountant.

If you don’t know how to go about filing your tax return yourself and you need professional help, get the services of a licensed accountant. Hire them ahead of time and not 3 days before May 17th. The earlier you hire them, the more time they’ll have to make sure that your tax documents are accurate and well-prepared.

  1. Have a plan if you owe money.

If you owe money and won’t be getting a refund, make sure you have extra cash ready to go. Prepare for the eventuality that your tax bill may be steeper than you expected, especially if you have penalties or unpaid balances to pay.

  1. You may be eligible for a hefty tax deduction.

Check if you’re eligible for tax deductions. For instance, if you donated to a charity registered with the IRS, you may be eligible for a substantial tax write-off.

 

Get the Maximum Tax Deduction When You Donate to Veteran Car Donations

If you’re looking forward to enjoying a sizeable tax deduction in the next tax season, donating your old and unwanted vehicle to Veteran Car Donations will make that happen. We’ll make sure that you can claim the maximum tax deduction by selling your vehicle at its highest possible price level during its auction. You can claim the full selling price of your vehicle as your tax write-off.

Another benefit you’ll get is the free towing service that we will provide you at a date, time, and place of your choice.

You’ll also enjoy our quick and convenient donation process where you don’t have to do any paperwork.

Above all, you’ll have the ultimate pleasure and satisfaction of doing something extraordinary that can help transform the lives of our nation’s suffering veterans. They include the former service members residing in your community who are reeling from homelessness, unemployment, service-connected disabilities, and illnesses, including mental health issues.

Your vehicle donation will provide them relief and hope for a better future. The proceeds from the sale of your car will go to well-established veteran nonprofit organizations that are in partnership with us. These IRS-certified 501(c)(3) nonprofits use the funding that we hand over to them to provide their veteran beneficiaries with free quality health care, financial aid, housing assistance, employment opportunities, family support, educational scholarships, psychotherapy services, and many other benefits.

Feel free to turn over to us any type of vehicle that you no longer use. We accept almost all vehicle types that you can think of regardless of their age, mileage, or condition. Aside from your old sedan, you can donate to us your uncle’s tractor or a rusty riding lawnmower that you’re not using anymore.

Since we operate in all 50 states, you can make your donation wherever you are in the country.

Know more about Veteran Car Donations, our quick and easy donation process, and everything that we do for U.S. veterans by visiting our FAQs page. You can also call us at 877-594-5822 or send us a message here for your inquiries or concerns.

 

Uplift Lives of Our Suffering Heroes Today!

Waving the US Flag in Daytime | Veteran Car DonationsAs you prepare your tax documents before Tax Day arrives on May 17th, spare a thought for our country’s neglected veterans. They are our nation’s heroes who fought for us and risked their lives to defend our freedom and protect our security. They deserve all the help that they can get. Your car donation will go a long way in uplifting their lives. Call Veteran Car Donations at 877-594-5822 or fill out our online donation form now!

Veteran Car Donations operates in all 50 states.

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Or call (877) 594-5822!