Tax season is here, and many people are looking for ways to maximize their tax refunds. If you want to learn about the latest Taxlayer Tax Refund Method for 2025, you’ve come to the right place. In this guide, we’ll walk you through the steps to help you secure a tax refund ranging from $2,000 to $91,000. Ready to get started? Let’s dive in!
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Taxlayer Tax Refund Method 2025 Overview
To file your tax refund correctly using this method, there are some important requirements you need to meet:
Required Information:
Social Security Number (SSN): Your SSN is crucial for the process.
Identification Card Number: Ensure you have all the necessary details on hand.
Current Address: Make sure your address is updated.
Void Number: It's best to have your drop number ready.
Separate Email: Use a new email specifically for your SSN-related activities.
Identity Protection PIN (IP PIN): Extract this from your Verified ID.me account.
Good Internet Protocol (IP): Ensure you're using a reliable internet connection.
Previous Adjusted Gross Income (AGI): This will be required for verification.
Bank Routing and Account Number: This will be used for direct deposit of your refund.
How to Get Your IRS Identity Protection PIN From ID.me
Once you’ve gathered the necessary information, it’s time to obtain your IRS Identity Protection PIN. Here’s a step-by-step guide to help you get it from your Verified ID.me account:
Visit the IRS Website: Go toIRS.govand select “Sign in to Your Account.”
Sign In to Your ID.me Account: You’ll need to authenticate through two-factor authentication (2FA).
Locate Your Adjusted Gross Income (AGI): After signing in, click on “Tax Records” to view your AGI figures.
Request Your IP PIN: Select the option to “Get an Identity Protection PIN” and follow the prompts.
Retrieve the 6-Digit PIN: Your IP PIN will be displayed for you to use during the filing process.
Note:This method is not recommended for those over the age of 60 or individuals who are retired, unless you’re able to pay the filing fee.
How to File Using the Taxlayer Tax Refund Method 2025
Follow these steps to file your tax return using the Taxlayer Tax Refund Method in 2025.
Step-by-Step Guide:
Go to TaxSlayer.com: VisitTaxSlayerand click on the “File for Free” button under “Simply Free” or “Self-Employed.”
Create a TaxSlayer Account: Enter your details to set up your account.
Verify Your Account: A code will be sent to the phone number you used for account registration. Enter this code to verify your account.
Continue: Click on “Continue” to proceed.
Skip Upgrade: When prompted, click “No Thanks, Continue with Simply Free.”
Fill in Your Personal Details: Enter all required information, including your birthdate (make sure it’s under 60 years old).
Provide Your Address: Enter your current address, including the state.
Confirm Residency Status: Select “I am a full-year resident of this state.” And the next page should be skipped.
Filing Status: Choose “Single.”
IRS Identity Protection PIN: Choose “Yes” for the IP PIN option and enter the PIN you extracted from ID.me.
Review and Continue: Ensure everything looks correct and click “Continue.”
Agreement: Agree to the terms and conditions, then click “Continue.”
Enter W-2 Information: In the search bar, type “W-2” and add your W-2 details .
On this page, you will need to find any companies in the same state EIN by googling 100 companies in the same state. You can also go to eintaxed.com or www.sec.gov/search-filings and put a company name to get the EIN and address here.
Company EIN: You’ll need to find the Employer Identification Number (EIN) for companies in the same state. You can search for them on sites likeEIN TaxedorSEC Filings.
Employee Info: Enter your drop details under the “Employee Info” section.
Enter Wages and Tax Withheld: Now, input your figures into the “Wages, Tips, and Compensation” box. This number will play a large role in determining your refund.
Example: If you input $85,700 in “Wages,” calculate 35% to determine your “Federal income tax withheld.”
Tip: Increase the amounts in both the wage and withholding boxes to adjust your refund.
Social Security and Medicare: For accuracy, multiply 6.2% of the wage amount to fill in the Social Security boxes and 1.45% for Medicare.
Calculating Your Tax Refund:
Once you’ve entered all the necessary information, TaxSlayer will calculate your refund. If the refund isn’t what you expected, you can adjust the amounts in the wage and withholding boxes to increase it. Here’s a breakdown:
Box 1: “Wages, Tips, and Compensation”
Box 2: “Federal Income Tax Withheld” (Use percentage calculations)
Box 4: Social Security Tax (6.2% of Box 1)
Box 6: Medicare Tax (1.45% of Box 1)
After completing these steps, your refund estimate will be shown. If it doesn’t meet your expectations, go back to adjust the figures.
Finishing Up:
Once your figures are correct, continue through the filing process by entering your bank account details for direct deposit of your refund.
In Conclusion:By following the Taxlayer Tax Refund Method for 2025, you can potentially secure a significant refund. Just remember, accuracy is key. Double-check your entries, especially when calculating wages and federal tax withholding. If done correctly, this method could help you claim a refund between $2,000 and $91,000. Good luck!
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