We're cruising into spring, which means Uncle Sam might owe you a nice check. If you've already received your tax refund, we have some nice ways for you to put it to good use. Shop now. »
If you're still getting ready to file your tax return here in South Dakota, you might like to see our top seven ways to maximize the size and speed of your refund.
Top 7 Ways to Maximize your Tax Refund in Sioux Falls
1. File online. Filing online can save you weeks of waiting, according to a state Department of Revenue Spokesperson Molly Peterson. Last year, tax refunds that were filed online took only five to seven days, while tax refunds filed on paper took up to eight weeks.
2. File as early as possible. It should go without saying that the sooner you file your tax return, the sooner you receive it. Since Sioux Falls accountants get extremely busy this time of year, find one now!
3. Help prevent tax fraud. Thanks to a surge in fraudulent tax-related phone calls in South Dakota last year, the state is taking its time to try to prevent more fraud this year. Do your part:
1. Don't give out our social security number to anyone.
2. Shred important documents once you're done with them.
3. If you file on paper, mail your return through the U.S. Post Office.
4. Use a trusted tax preparer.
5. Check your credit report.
4. File for eligible deductions. To get the most money possible, do as many of these as you can:
1. Contribute to your retirement
2. Take eligible above-the-line deductions
3. Itemize your deductions (don't take the standard deduction)
4. Claim any friends or relatives you've been supporting
5. Claim any refundable tax credits
5. Estimate the amount you'll receive. To get a good idea of how much money you'll get back, use a free tool like this one to predict your tax return online.
6. Check your status online. While you're waiting for your tax refund, check up on it now and then. Here's another reason to file online: you'll be able to see your status within 24 hours of filing. (If you file on paper, you'll have to wait up to four weeks.)
7. Don't miss the deadline! This should be a no-brainer, but some procrastinators need to hear it. You should know the deadline is a little later than normal this year: Monday, April 18.
Put your South Dakota tax refund to good use on Sioux Falls used cars, trucks, and SUVs.
Now that we've shown you how to properly maximize South Dakota tax refunds, it's time to find a nice place to use all that extra dough.
Why not use it on something worthwhile – like used cars for sale in Sioux Falls?
The Luxury Auto Mall offers a nice selection of used cars, trucks, and SUVs in Sioux Falls, including certified pre-owned Cadillac, BMW, and Mercedes-Benz vehicles. Shop now. »