Category Archives: TurboTax

TurboTax And The Earned Income Tax Credit

Individuals who wish to use a tax service may wish to try TurboTax 2013. This is the option that they may need to easily pay their taxes, and be able to get the tax help they can use. One of the items that the individuals can take advantage of is that they can use an earned income credit when they are filing their taxes. An earned income credit allows individual to get money back from child care expenses they may have paid over time. The Earned Income Tax Credit was designed to help low to moderate income people get a refund of some of the expenses they may have paid over the course of the year.

You can use TurboTax 2013 to try to get an EITC that will help to get the refund that may be needed. Make sure to get this program as part of a plan to get the tax credits that you may need. TurboTax 2013 is an option individuals can take advantage of and use.
Some of the Things to know about this credit

Earned Income Tax Credit

Earned Income Tax Credit (Photo credit: LendingMemo)

Make sure that you understand the factors concerning the EITC. The IRS has guidelines set up to help taxpayers determine if they are eligible for the EITC credit. Those who have a qualifying child are likely to be eligible for the credit. The child in question needs to meet certain qualifications. They must be under age 19, be a full time student under age 24, or be permanently disabled. Your son or daughter, or qualifying foster child must pass the residency test.

Other things to be aware of when qualifying for the EITC credit is that you must have a valid social security number in order to file. You must also make sure that the spouse signs off on the credit if you are filing a joint return. Taxpayers must also fall between the ages of 25 and 65 in order to be Earned Income Tax Credit eligible. Income must be generally be earned from working for someone else, you may also be eligible for the credit if you have a small business or run a farm. It is also necessary to have lived in the United States for at least 6 months. Turbotax 2013 can help individuals figure their Earned Income Tax Credit. The alternative would be to have the IRS figure the credit when filing. Make sure you the individual, can find the help that is needed from TurboTax2013 to get the Earned Income Tax Credit.

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Avoid IRS Scam Pitch When Filing Tax Returns

Brett Doubikin, a 43 year-old Morrow County contractor, received a phone message informing him that the IRS was investigating him. Fear made him return the call while he tried to remember if he missed something when he filed his taxes.

Internal Revenue Service

Internal Revenue Service (Photo credit: LendingMemo)

What Doubikin later realized is that the call was part of a sophisticated phone scam involving fake IRS employees who present fraudulent claims in order to get money from people with little or no tax knowledge. The charlatans posing as IRS employees are known to threaten people with either jail or deportation if these victims fail to deliver the declared debt amount. Part of these scammers’ scheme was to inform victims that their taxes were not paid, which must hence be settled through wire transfer or by using a pre-paid debit card. To make things appear legitimate, the callers use false IRS badge numbers, acquire the last four digits in the Social Security numbers of target victims, utilize technology that labels caller IDs as the IRS, and make follow-up calls as well as bogus emails.

The IRS has officially stated that this intricately structured phone scam was often directed at immigrants. A nationwide alert about the scam was already issued last fall by the IRS.

To help avoid this kind of scam when filing your 2014 taxes, there are free software downloads that will assist you in calculating your tax returns, recording your financial data, and checking it with updated tax laws and regulations. Turbo Tax 2013 does all these and more to help cover whatever unique situation you’re in. At $23.95, you get a basic fed and Efile download, a step-by-step guidance and a Deduction Maximizer to aid you in filing a 1040EZ or other simple tax return.

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IRS Tax Adjustments In 2014

IRS Tax Adjustments and the Pickle Salesman Photo by Michael Vadon

Taxes in 2014 are set to undergo various adjustments, affecting more than 40 tax provisions. The Revenue Procedure 2013-35, published on 18 November 2013, provides detailed information of each adjustment.

A tax rate of 39.6% will affect singles whose annual income exceeds $406,750 and married couples with joint returns exceeding $457,600. This is up from the current amounts of $400,000 and $450,000 respectively. The Revenue Procedure describes the rates that apply to other thresholds.

In terms of standard deductions for singles or married couples filing separate returns, the amount rises from $6,100 to $6,200. For married couples filing joint returns, it rises from $12,200 to $12,400. On the other hand, the standard deduction that applied for heads-of-households has risen from $8,950 to $9,100.

Both the personal exemption and the alternative minimum tax exemption will also rise. Couples who file jointly and have three or more qualifying children will qualify for a maximum earned credit of $6,143, which is up by $99 from the 2013 amount.
Among the amounts that remain unchanged, include the annual exclusion for gifts, which stands at $14,000, and the annual dollar limit for contribution to an employer–sponsored healthcare FSA, standing at $2,500.

The Revenue Procedure contains other adjustments on the 2014 taxes.

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Tax Return Extensions Made Easy

Tax Return Extensions Made Easy

Most people these days have such busy schedules and isn’t it a hassle to personally file our tax returns? We agree that there are better things to fill your day than filing taxes, but yet it is necessary that we do so.

Turbotax 2013 can help you dedicate your time to more important things. If you are not able to file your tax return before a certain time, then software dedicated to filingtax return extension could be just what you need.

Day 093/365 - Tax Time Phat Cash!

Day 093/365 – Tax Time Phat Cash! (Photo credit: Great Beyond)

With a few easy steps you could be on your way doing things aside from filling in complicated and time-consumingtax extensions forms. Out of sight and out of mind.

By using Turbotax2013 and its easy extension service you will be able to file you federal extension right from the comfort of your home. No need to personally go to the tax office.

If you have overdue payments, the quickest way to take care of that is by paying right from your savings or checking account. This user-friendly piece of software allows you to do just that.

Through the easy extensions service you can also print out a PDF copy of the extension you filed, for ease of mind and also the comfort of having a printed out copy.

At any time you can also log into your easy extension account and see the status of your filed extension and whether or not the IRS has accepted it.

You can also gain access to the forms required to file a state extension right from the easy extension online service.

If you have not filed your taxes yet or have not filed an extension, using this software would definitely make it all easier. The ease of use is what sets this software apart from the competition.

Just imagine if you still had to file an extension the old fashioned way using paper. The tedious amount of all the different forms you had to fill out could make any person confused, not to mention the amount of time it would consume.

Making mistakes is human and when filing for an extension, committing errors could prove costly. You can avoid wasting time and unnecessary mistakes by using this software. Do not complicate things for yourself and use this software so you can be sure that everything is filled up correctly.

You must be thinking that all these services and perks must come at a cost, but that’s where you are wrong. This is the best and most user friendly way to get free online tax filing for your tax return extensions.

It is not a surprise why this software stands out from the competition, having the largest user base year after year should say something about how easy to use our solution is.

If accuracy and ease of use is what you seek in software, then I invite you to try Turbotax 2013. This software can provide you an easier experience in filing for a tax return extension. This software has a reputation to uphold and all the positive reviews make it the most popular solution.

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TurboTax Raises Millions For The Military

TurboTax Raises Millions For The Military

This year Intuit, the parent company of TurboTax, raised two million dollars through its Mission 2 Match fundraiser. With this program, TurboTax offered people the opportunity to pledge money for Operation Homefront, an organization that provides emergency financial help and other support to military families.

TurboTax Raises Millions For The Military

US Navy 061127-N-5459S-019 Personnel Specialist 3rd Class Yahaira Pou helps her niece Alexia design and create a personal Christmas stocking during Operation Christmas at the Army National Guard Armory (Photo credit: Wikipedia)

As of April 15, 2013, individual donations amounted to over one million dollars, which Intuit has matched, resulting in a two million dollar gift to Operation Homefront.  This amount is still rising, however, since the Mission 2 Match fundraising continues. Currently donations can still be made at , so the final total may be much greater than the current balance.

This effort to support US troops has resulted in donations of money, food, home repairs, household items, baby supplies, and transitional housing to families of American military members, relieving some of the pressure on US patriots serving around the world.  Our military personnel cannot fully function if they know their families are lacking basic necessities, so Operation Homefront tries to fulfill these needs.

The success of Mission 2 Match was twofold: It raised millions for military families, and it created great press for Intuit and TurboTax.  Considering the success of this program, Intuit will probably continue it for the foreseeable future, which will benefit both the company and military families.

TurboTax has been highly successful in its effort to support US troops while involving their clients and potential clients in this fundraising endeavor. Commerce and patriotism do not always mix, but, in this case, TurboTax has successfully combined the two in the 2013 Mission 2 Match program.

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Estimate Your Tax Refund With The Free TurboTax Taxcaster

Estimate Your Tax Refund With The Free TurboTax Taxcaster

Tax time is drawing near and like most other Americans, you need to file and prepare your taxes to avoid penalties and late fees from the Internal Revenue Service. Fortunately, there are free tax preparation tools and software programs that can help you get the job done easily, correctly and quickly. Free TurboTax 2013 is a terrific tool you can use to prepare and file your taxes, but since there are several versions available you might be confused about which one is best for your tax situation. The tax professionals at TurboTax have designed a new product that can help you determine which software program is right for you and as an added bonus, it is completely free and very simple to use.

TurboTax Social Tax Filing

TurboTax Social Tax Filing (Photo credit: John Swords)

To determine which tax preparation software from TurboTax is right for you, all you have to do is download the free TurboTax Taxcaster app onto your iphone, ipad or android smart phone or tablet. This easy to use, free app will ask you a few questions about your income and deductions then it will instantly calculate your refund while you watch it add up. Finding out how much you are getting back is easy with the Taxcaster app. In just a few minutes, you can get an estimate on your taxes before you file your tax return. This is extremely helpful because you can adjust your withholdings so you have higher take home income, or you can plan so you have to pay less in taxes. Taxcaster is also helpful because it can help you determine if you want to file your taxes right away so you get your refund money quickly or whether you want to hold off on filing your return until the end of tax season if you owe money and need to save up to pay Uncle Sam. While Taxcaster does not prepare and file your return, it does give you an accurate idea of what your tax situation is so you can make an informed decision on filing and preparation, it will even suggest the right TurboTax software to use to maximize your return or minimize your tax payment.

Taxes can often cause stress and anxiety for people because they do not know what to expect. Take the stress and anxiety of the unknown out of the equation by using Taxcaster to see what is in store for you and your taxes. Download the free Taxcaster app and get a clear idea of where you stand. Taxes are never fun, but with free TurboTax 2013 and Taxcaster app at least they are easy, straightforward and clear. Download the Taxcaster app today and see how easy it can be to understand your tax situation and make your filing decisions accordingly.

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