Tag: Internal Revenue Service

  • TurboTax Offers Money Saving Tax Tips For This Year

    When it is time to use TurboTax For This Year to complete your taxes, you may want to consider a few Money Saving Tax Tips that can save you money in the coming year. Planning early in the year makes it easier to reach your financial goals by the end of the year. Since you are already running the numbers with Turbo Tax 2014, you have records that can show you where to make cuts for the next year.

    One Money Saving Tax Tips is to Review Your W-4

    Changes in withholding laws affect the money your employer must withhold from each paycheck. If you find you owe money at the end of the year using Turbotax 2014, you may want to increase the withholding. If you are getting a big refund each year, decrease the amount withheld to increase your monthly budget.

    Winterize Your Home

    Turbo Tax 2014 can … Read 2015 Tax

  • TurboTax And Tax Service Jackson Hewitt Compared

    Now it is tax time 2015 for filing your 2014 tax returns. Many people have not filed their tax returns yet. If you are one of those individuals and are considering a paid preparer or tax software, know that the best-selling packages are the Tax Service Jackson Hewitt and Intuit’s TurboTax.

    You may look into online tax filing, too. The most basic tax returns are free with support provided through live chat and support email. It is possible to download your W-2 forms, and tax returns from past years can be imported from other tax companies. If you choose the TurboTax 2015 free edition or the tax package from H&R Block, you will not have access to such options as they can only import their own past returns.

    Complicated returns filed through Jackson Hewitt tax locations cost $19.95, and upgraded tax software for home owners and families from … Read 2015 Tax

  • How to do your 2015 Taxes with TaxAct 2014

    TaxAct 2014 is one of the leading software’s for preparing and filling tax returns and it has just released the 2014 software for 1040, 1065, 1120s, 1120 and 1041 tax returns. So starting from January small business owners are able to complete their federal and state returns and e-file them after the program has been updated with the final IRS forms and any charges that are updated at the last minute. The software is also updated with the latest federal law tax changes to enable even small business owners to view their 2014 taxes, identify how they can save and advise on 2015 budgeting.

    The program asks simple questions about your income, losses, expenses, deductions, and credits and uses this information to calculate, check for errors and completes the tax forms.This will help everyone including self employed individuals to minimize tax liability before the years ends.

    TaxAct 2014
    TaxAct 2014

    Using this … Read 2015 Tax

  • TurboTax Offering Free Online Tax Filing for 2014

    Intuit TurboTax has just announced that Americans can use their software to file their 2014 taxes with no fees or charges. For about 60 million tax filing Americans, it might just be the best possible tax break.

    The TurboTax Federal free edition allows taxpayers to file both their state and federal taxes, and this is the first time the company has provided this service at no charge. If you have been thinking about switching from a well known national tax preparer, now is the ideal time to do that especially as TurboTax users will also not have to claim their earned income tax credit or adhere to new health care laws.

    For the approximately 60 percent of people with simple returns who file as early in the year as possible, TurboTax Absolute Zero is going to be one of the most useful tax tools ever. Many … Read 2015 Tax

  • Info About Obamacare Taxes And The Affordable Care Act

    Americans need to report their health insurance status on their 2013 tax returns, but many don’t realize this. In matter of fact, a survey revealed that 48% of Americans are not even aware that they have to report their health insurance status on their returns.

    2015 is going to be the first year that Americans will need to prove that they have qualifying insurance. If they don’t have qualifying insurance, then they will be faced with a tax penalty. Many Americans also don’t realize that the deadline they need to meet in order to avoid the penalty has already passed. Health insurance that has been bought during the current enrollment period will apply to 2016 filed returns.

    56 percent of those without insurance were not aware of the fact that those who are uninsured need to meet criteria before they qualify for an exemption from Obamacare taxes.

    Almost half of … Read 2015 Tax

  • TurboTax 2014 Revelations About U.S Taxpayers

    Nearly 50% of Americans are not Aware of the Health Insurance Status Filing Requirement in Their 2014 Tax Returns

    A recent survey has shown that 48% of American taxpayers do not know that they are required to report their health insurance status when filing their returns for the previous year. As the tax filing season commences in the next couple of weeks, the Intuit TurboTax Health Survey, which involved 2,000 U.S. adults, showed that most Americans do not see the correlation between their taxes and health care.

    2015 will be the first year under ObamaCare that taxpayers will be required to prove that they have a valid health insurance or pay a tax penalty. A commendable 62% of American taxpayers know that those who do not have a valid health insurance policy will be penalised, a whooping 87% do not know that the deadline for avoiding … Read 2015 Tax