Optimize your taxes
Did you know that taxpayers overpay by an average of $3,000 per year? You heard me, they fork over thousands of dollars they didn’t need to. Don’t let this be you.
TaxBestimates is a site that helps employees increase their take-home pay, understand their tax situation, and avoid unpleasant surprises when tax season rolls around. TaxBestimates analyzes your information and advises you as to the ideal percentage of taxes to withhold from each paycheck. The site has increased the monthly take-home pay of 28,000 users, totaling $11,000,000 in savings.
Accurate and up-to-date
As soon as you enter the site, you’ll find a calculator that helps you estimate how much more money you could be taking home with each paycheck. I found out that I could be earning $58 more per month by optimizing my tax withholdings.
The site tracks changes in real-time, so that you always have the most accurate, up-to-date analysis of the best way to manage your taxes, increasing your take-home pay and helping you avoid owing taxes or penalties at the end of the year.
Helps you outsmart the IRS
By analyzing your income, tax withholdings, and deductions, and other relevant information, TaxBestimates can create a customized W4. If you change jobs, get a pay cut or a raise, or have a major change in your life like a marriage or a baby, TaxBestimates can instantly adjust to the new circumstances. It can also analyze income from interest or from unemployment. You can view an estimate of your federal and state tax refunds, and get tips for saving money on your taxes. TaxBestimates will also let you know if you qualify for any tax deductions or credits.
Many employees who work for commissions or bonuses end up overpaying their taxes, because they are taxed at the regular rate of 25 percent. TaxBestimates can help you figure out how to avoid being taxed at this rate, and instead, helps you decide how much tax to withhold from each bonus paycheck to maximize savings.
The service costs $4.99 per month, or $9.99 per month if you work for bonuses.