A new Way for Taxpayers to Track Charitable Donations with TaxAct
Organize, Value, and Track Your Donations with TaxACT
TaxACT is a proven leader regarding affordable tax solutions, and their donation tracking gives consumers another way to maximize their savings at tax time. This free app is available for IOS and Android, and taxpayers can track their cash and non-cash donations throughout the year.
Current Internal Revenue Service data shows that at least one in four income tax filers deduct non-cash and cash charitable donations on their federal tax returns.
The Donation Assistant tracks and organizes donation information automatically, and this is why it is so helpful. Consumers can view detailed summaries from their mobile devices whenever they prefer.
The TaxACT app reduces audit risk as it reports accurate amounts for activities such as thrift store donations. The app gives a fair market value for over one thousand routinely donated items such as appliances, clothing, and furniture.
One of the most unique aspects of the app is its ability to keep track of recurring gifts of cash. Consumers can make monthly donations and have the information ready and available when tax filing season begins.
The website is full of helpful information for preparing and filing taxes, and adding the TaxAct app can be an ideal complement to meet tax filing specifications. Data from the current app can be efficiently transferred to the 2014 Deluxe version for tax returns that will be due April 2015.
Additional free apps for taxpayers
The TaxAct has several mobile apps, and two of them allow taxpayers to prepare, print, and electronically file their federal tax returns for free. Taxpayers can begin and transmit their returns from smartphones, tablets, or web browsers. The TaxAct Express is suited for simpler returns, and the TaxAct tablet supports simple and complex electronic tax returns.
There are two additional companion apps for saving and organizing income tax documents. The DocVault offers exceptional security, and TaxACTCentral has resources for minimizing preparation and filing time.
All of the TaxAct apps are designed for Android and IOS. Consumers can find additional information at www.taxact.com/apps.