TurboTax

Unlocking the Benefits of Intuit TurboTax Freedom Edition: A Comprehensive Guide

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TurboTax Editions

Are you ready to take control of your finances and maximize your tax returns? Look no further than Intuit TurboTax Freedom Edition. This comprehensive guide is your key to unlocking a world of benefits and ensuring a stress-free tax season. Whether you’re a student, low-income individual, or active-duty military, this edition is specifically designed to help you file your taxes with ease and confidence. With its user-friendly interface and step-by-step instructions, TurboTax Freedom Edition simplifies the entire process, making it accessible to everyone. From identifying eligible deductions to ensuring accurate calculations, this guide covers it all. Say goodbye to the headache of complicated tax forms and let TurboTax Freedom Edition guide you towards financial success. Join the millions of satisfied users who have already experienced the advantages of this powerful tool. Don’t miss out on the benefits waiting for you – unlock the Benefits of Intuit TurboTax Freedom Edition today!… Read the rest about Filing Taxes

The Government Can Take Your Tax Refund

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Take Your Tax Refund
Take Your Tax Refund
stevepb / Pixabay

Taxpayers are filing their taxes early this year to avoid having an identity thief file their return before they do. But what is surprising some is that the government keeps their tax refund and uses it to pay down their student loan debt when they are in default. Called the Treasury Offset Program, the Department of Education is able to take Social Security payments and tax refunds and apply them to outstanding debt that you have not been paying.

Experts in the field say the Department of Education is required to notify you ahead of time if they intend to apply this offset program to your funds. Within this notification are rules and what you can do to avoid this happening to your tax refund at tax time.

You can request a hearing if your loan was not in default when the funds were taken and … Read the rest about Filing Taxes

New Baby Tax Filing Tips

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The first thing to consider when filing your taxes with a new baby is your tax status. If you were single before and now support the household, you should file Head of Household instead. The tax brackets are better and the standard deduction is increased for this tax filing status. Here are some additional tax filing tips:

An old Social Security card with the "not... Tax Filing Tips
An old Social Security card with the “not for identification” message (Photo credit: Wikipedia) Tax Filing Tips

Consider informing your rich relative about the gift tax if they are thinking about gifting you over $14,000 for your new born. Normal gifts are not taxable, which is the good news.

Any uncovered medical expenses can be deducted once a 10% floor is applied to the deduction amount based on your adjusted gross income (AGI). To claim your medical expenses, use the long form 1040 and file a Schedule A Itemized Deductions form.

Claiming your … Read the rest about Filing Taxes

Turbo Tax Released to Solve Your Tax Return Troubles

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TurboTax 2014 will enable you to get a tax refund that will make you a richer man. It is of significant advantage to you, because it has the capability to find loopholes in the contemporary tax code.

Additionally, TurboTax can also track any changes in the tax code for you only, over several years.

The tax return software guides you through any bureaucratic obstacles in the process of filing the relevant forms. It takes you systematically through each step, while offering you value for your tax return.

This software comes with an instruction manual, that originates straight from the IRS. The process is very straightforward and simple to follow, with no stone left unturned. In regards to the filing taxes, these tax programmers are more advanced that most laymen.

Most persons procrastinate when it comes to the filing of their taxes, but TurboTax ensures that you get the … Read the rest about Filing Taxes

Filing Your Taxes With TurboTax

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Tax time can be stressful for many reasons, but if you use TurboTax 2014 may be the year that filing taxes becomes as easy as possible. TurboTax software can help you get the tax advantages that you are entitled to, and the following list highlights why millions of people file their taxes with TurboTax.

Easy to Navigate

The best software is easy to follow and easy to use, and this is the hallmark of TurboTax software. The steps take you through detailed questions that verify your information. You will end up with a complete picture of where you are in terms of your tax status and deductions.

TurboTax keeps you from duplicating work since the information from your federal income tax return can be efficiently transferred to your state tax return. This helps keep tax preparation time to a minimum, and the transfer feature helps to maximize the accuracy … Read the rest about Filing Taxes

How To Choose The Right Filing Status For Your Taxes

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When filing taxes, it is crucial to indicate your current status. This is because this status actually determines the amount of money you should pay in taxes. It may also be important in deciding whether to file tax returns or not. How do find the right filing status for your taxes?

English: Map showing the status of same sex ma...
English: Map showing the status of same sex marriage in the USA. Same-sex marriage recognized Unions granting rights similar to marriage Unions granting limited / enumerated rights Foreign same-sex marriages recognized Same-sex marriage banned by statute Same-sex marriage banned by constitution Same-sex marriage and similar unions banned by constitution (Photo credit: Wikipedia)

Whenever you have to indicate your status, it is vital that you consider the last status you had as at 31 Dec. However, when you are in a situation where more than one status is applicable, it is safe to go with one that will require you … Read the rest about Filing Taxes

How To Use The IRS To Get Free Tax Help

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A lot of people require help when filing taxes. Deciding on the forms to fill, number of dependents and how to claim your tax refund are some of the prevalent concerns that taxpayers face. How do you get free tax help?

However, there exists numerous methods that can be helpful during the process. Below are some of the best techniques and practices that you can employ on top of using TurboTax 2014.

Get Free Tax Help

The IRS website (www.irs.gov) is a one stop shop for tax payers. “1040 Central” is especially beneficial to those who are experiencing difficulties with filing their taxes. It will give you tips, guidelines and a lot of useful information. Moreover, the page has links to other important webpages such as the latest news and FAQs.

Online tools such as the Interactive Tax Assistant and IRS Tax Map can also be useful in giving you solutions to some … Read the rest about Filing Taxes

Free File Makes Tax Filing Easy

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Filing taxes is easy if you take advantage of the arrangement between the IRS and the Free File Alliance, a group of private sector companies producing tax filing software. These companies allow their products to be used for no cost, and over 40 million taxpayers have safely and easily electronically filed their tax return for free using the software. Filing your return electronically and requesting direct deposit when filing taxes is the fastest way to get your tax refund.

Free file
FILED Rubber Stamp (Photo credit: Enokson)

You must go to the IRS website (www.IRS.gov) to use the Free File program and you can prepare, print and then file your tax return once you have chosen a company to work with.

You may be able to find useful tax breaks that you can claim, by using the question and answer format of the Free File software, and the software will do all … Read the rest about Filing Taxes