taxact online free Archives - 2013 Taxes To 2018 Taxes

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.

TaxACT Logo (Photo credit: Wikipedia)

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.

TaxAct- What You Need to Know

Without a doubt the American tax system is one of the complicated systems and very difficult to understand. Most Americans think that few wealthy people and exceptional groups take most of the advantage of tools at their disposals to avoid taxes. Consequently, there was a proposal to bring in the Fair Tax Plan.

Tax Preparation (Photo credit: agrilifetoday)

The TaxAct Plan is one of the systems that gained a lot of reputation in the near past as it is meant to switch the federal tax system with the countrywide sales tax. People supporting this move think that it might help in getting rid of tax elusion and stretch the tax weigh evenly, among all others. While on the other side opponents are of the opinion that the Tax Act will result in additional tax strain to the middle class people while the wealthy will have lighter tax burden.

The Tax Act is legislation which suggests the cancellation of the gathering of various income tax types by the government. These include taxes like: Medicare tax, personal income tax, capital gains tax, social security tax, Estate tax, and also self-employment tax.

To generate profits, the central government would rather, impose a national sales tax on largely purchased goods. The tax will then be collected by businesses at the point of sale and then send to the federal government. Suppose this happens, than IRS would as a result be rendered completely. Thus, your net income will no longer be identified by the number of exemptions that you can claim and thus, you will obtain your pay check tax-free. The government will have no right to enforce income taxes when the Sixth Amendment is revoked by the associated legislation. Wheres, local state and governments would be free to gather revenue through the sales and income taxes if they want so.

2013 Taxes To 2018 Taxes

Free Online Tax Filing Options – TurboTax 2018

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TaxAct- What You Need to Know

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