A Free Edition Of TurboTax

Over nine hundred million dollars in tax refund money went unclaimed in one year. The Internal Revenue Service reported this notable statistic, and you may wonder how this could happen. There are two main circumstances that lead to unclaimed tax refunds.

You may end up creating an unclaimed tax refund situation if you have taxes withheld from your pay but earn less than needed for filing a refund. You will end up adding to the unclaimed refund pool if you choose not to file a tax refund. You should verify whether you qualify for an Earned Income Tax Credit, and the www.turbotax.com free edition can help you determine your eligibility.

The second reason for most cases of unclaimed tax refunds involves mailing errors. You may not receive tax filing confirmation if you have moved, changed your name, gotten divorced, or been effected by errors that originated with your post office or postal carrier.

There is no monetary penalty to pay if you do decide to claim your tax refund, but there is a time limit on how long you can wait prior to filing your tax return. You have a time limit of three years from when your tax refund was originally due, so you would have to request your 2011 tax refund by April 15th, 2014.

You can avoid an unclaimed refund scenario by filing your return on time. Filing as early as possible may be helpful as well.

Direct deposit is an ideal way to avoid an unclaimed refund scenario. Electronic deposits eliminate the potential for postal delivery errors, and you may get your refund if you choose direct deposit.

Filing your income tax return is an important financial activity. TurboTax has helped millions of people file their taxes, and you can learn about tax refunds by visiting www.turbotax.com.




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11 thoughts on “A Free Edition Of TurboTax

  1. psettler

    Very helpful and informative article. I’ve used many tax software such as TaxAct & H&R Block’s kit but I do like TurboTax the best. Very clean interface, designed for a novice user, and well updated with all the slight differences year-to-year. Hopefully I can score a free copy as well but I’d gladly pay for it nonetheless.

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  2. dingle

    I didn’t realize so much tax is unclaimed, that is incredible! Thanks for sharing the information, it is very helpful.

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  3. sbwwedding

    This is a great blog post about unclaimed taxes. I’ve used turbotax in the past and am always happy to get a great refund!

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  4. sbwwedding

    It’s crazy how much in tax refunds are unclaimed. I have used Turbotax in the past and been very happy!

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  5. friendlyuniverse

    With the Earned Income Credit, I actually got back more than was withheld in federal taxes for 2013. TurboTax walked me through the whole process – it’s awesome!

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  6. BrikD

    I’ve used TurboTax to file my 1040 for years. It really makes it simple, and used to make me wonder why people dreaded filing? It always caught deductions with the questions it guides you through. I also recommend direct deposit. I don’t want to end up with an unclaimed return!

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  7. NYDAVID00

    I can’t believe that so much money has gone unclaimed! Especially when you consider that a lot of folks in the US are living paycheck to paycheck. I have done my taxes (simple return) electronically (with direct deposit) the past 3 years with Turbo Tax’s free software, and have not had a single problem. Knock on wood!

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  8. domorigato

    This looks useful. As a broke college student who has no idea how to do taxes, I will definitely check this out.

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  9. Casual_Caravan

    I’ve had a great experience using TurboTax in the past. As a free alternative, you really can’t pass this up! It’s a very simple concept and incredibly useful. Thanks for the article!

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  10. Mkultra1993

    You can’t beat free! Especially around tax time. I usually go out and have a professional do my taxes for a huge fee. I am glad I can now do it at home for free!

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  11. js34mundy

    The article is right. Direct deposit is best. Also try and get the free version of turbo tax like they mention. H & R Block is H & R Crook.

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