Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Picnic Tax Releases Top Five Tips to Maximize 2020 Refunds
  • USA - English

Just in time for the 2020 tax season, Picnic Tax, an online platform that matches consumers with qualified accountants from its national network based on consumers' unique tax preparation needs, has released a list of its top tips for maximizing 2020 refunds.


News provided by

Picnic Tax

Jan 14, 2020, 08:05 ET

Share this article

Share toX

Share this article

Share toX

NEW YORK, Jan. 14, 2020 /PRNewswire-PRWeb/ -- Just in time for the 2020 tax season, Picnic Tax, an online platform that matches consumers with qualified accountants from its national network based on consumers' unique tax preparation needs, has released a list of its top tips for maximizing 2020 refunds:

1.    Choosing the correct filing status – One of the best ways to maximize tax refunds is to consider your filing status. Around 96% of married couples file joint returns, but some may want to consider opting for Married Filing Separately status. By choosing to file separately, each partner may have a lower adjusted gross income, used to determine eligibility for some credits. Taxpayers should take their own eligibility into account when deciding which option is best.

2.    Track deductible expenses – If you have a number of deductible expenses, you can elect to itemize deductions and potentially get a bigger overall deduction than the standard deduction that most people choose. There are several expenses that are eligible, including mortgage interest, state taxes, miles driven for medical care or charity, and dollars spent on charity work or donations.

3.    Take advantage of relevant tax credits – These tax credits are often even more useful than deductible expenses because they directly reduce your tax bill by the amount specified. Common credits include the Child Tax Credit, Earned Income Tax Credit, the American Opportunity Tax Credit, Child and Dependent care credits and Adoption tax credits.

4.    Maximizing HSA and IRA contributions – Consider optimizing your tax refunds with healthcare and retirement contributions. An IRA can be opened for the previous tax year until April 15 of the following year. By contributing to an IRA, you directly reduce your taxable income and save for your retirement at the same time. Health Savings Account (HSA) contributions can also reduce your income eligible for taxation as well as help with planning future medical costs.

5.    Free filing for lower income brackets – It's important for lower-income Americans to know their rights when it comes to filing their taxes. If you make less than $34,000 a year, you should be able to file your taxes for free on services like TurboTax. Many lower-income taxpayers don't know about the free filing option because the large, legacy tax filing companies have not publicized this option; and, according to recent reports, they've even suppressed the free versions from appearing in search engine results. Due to the IRS' recent addendum to the Free File program, online tax filing companies are now prohibited from hiding their free filing options from lower-income Americans. If you fall into this tax bracket, make sure you don't end up paying for tax prep help that you are legally entitled to for free.

"The multitude of conflicting information available on the web can be incredibly overwhelming for taxpayers, especially as they consider more complex scenarios involving assets like rental properties and freelance income," said Picnic Tax founder Ryan McInnis, who launched the innovative platform in 2019. "One of Picnic Tax's primary core values is transparency, and that begins with ensuring that the public is well-equipped with the information necessary to make an informed decision that is best for them, whether that decision involves filing through Picnic Tax or not."

In addition to offering taxpayers the best of both worlds—online convenience, affordability and efficiency paired with the offline expertise of professional, certified accountants—Picnic Tax outshines existing online tax prep offerings on the transparency front. Picnic Tax will never impose hidden fees associated with tax preparation or filing, and clients receive a fixed price quote before starting the tax filing process.

For more information, visit https://www.picnictax.com/.

About Picnic Tax
Picnic Tax provides a modern and innovative online tax prep solution. Picnic Tax merges the best aspects of traditional DIY tax software with the personal touch of working with an accountant. By hiring a certified professional through Picnic Tax, clients are safeguarded from overpaying taxes—an incredibly common occurrence for people who try to do their taxes themselves using other legacy platforms.

Picnic's accountants are extensively vetted to ensure the highest quality work while Picnic's clean and intuitive interface enables customers to get through the entire tax filing process in less than 15 minutes—about 90% less time than the 3 hours that the average tax filer spends filling out tax forms and questionnaires. Picnic Tax's pricing starts at $200, which is significantly more affordable than the going rate for CPAs in most major cities.

For more information visit: https://www.picnictax.com/

Media Contact:
April White
Trust Relations
[email protected]
323-216-8589

SOURCE Picnic Tax

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.