taxactonline Archives - 2013 Taxes To 2024 Taxes

Good News From TaxAct On Deduction Tracking

March 12, 2020March 17, 2014 by Steve Patterson

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 … Read the rest

TaxAct- What You Need to Know

March 12, 2020December 31, 2012 by Steve Patterson

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.

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 … Read the rest