Tag Archives: Tax deduction

File Early With Free TurboTax Online

It definitely pays to file your taxes early, and according to the IRS about 14 million tax returns had been filed by the end of January, with just over 90 percent of thee filed electronically. These six reasons may help to convince you it’s a good idea to file early using free TurboTax online:

The average refund last year was about $2,800 and almost 75 percent of tax filers received a refund and of course a tax refund can be used for whatever you need it for.

Filing taxes with TurboTax early means that the IRS can send your … Read more at 2011 Taxes.

Taxes 2014: What You Should Know To File

The tax filing season starts at the end of Jan. The IRS said that people can start filing their taxes 2014 returns on January 20.

Despite a last minute tax law that was passed by Congress, the tax-filing season will still start on schedule, according to the IRS.

Congress passed a bill that extended more than 50 tax breaks, which were due to expire next year. Under the new law, the breaks will not expire anytime soon, which allows taxpayers to claim them when they go and file their taxes. The law was signed by the president on December 19.… Read more at 2011 Taxes.

Create Your Post-College Budget In 6 Easy Steps

Establish A Post-College Budget In Just 6 Steps

Congratulations on having earned your diploma and on having received a job offer. This time of life is guaranteed to be exciting.

As you begin planning your next moves, it is vital to have a budget. How do you create a post-college budget? Following are several things that I discovered after having graduated and started my first adult job.

Consider Your Monthly Income

Investment

Investment (Photo credit: LendingMemo)

You might have an awesome starting salary, but you should not use this figure to write out your budget. Determine how much you’re going to … Read more at 2011 Taxes.

Tax Filing Tips For Taxes From TurboTax.com

As the deadline for filing 2013 taxes approaches, beginners are faced with a much bigger challenge. Many of them do not know that there are fines and penalties for missing the deadline. That is because they have never filed tax returns in the past. Mistakes are more likely going to be made, but proper preparation can help to minimize errors. For instance, putting all your financial records for the previous tax year in one place may help.

When filing for the first time, it is important that you consider getting help from a tax preparer. Alternatively, you can use a … Read more at 2011 Taxes.

Why Use a Tax Accountant?

If you’ve ever tried to do your own taxes by hand, you know just how difficult it can be. If you’re not well-versed with IRS tax codes, you can really be sure that you are getting the maximum amount of deductions and credits that you are entitled to. If you are unsure of how to do a tax return or how to engage in tax planning, hiring a qualified tax accountant could be in your best interests.

Tax Planning

Hiring a tax accountant can provide you with the help you need in planning out your taxes. While most people simply … Read more at 2011 Taxes.

The Supreme Court Decision On Healthcare Will Affect Taxes

The nation waits for the Supreme Court to announce the ruling about health-care. Many wonder how their ruling will change taxes?

Not only does the Supreme Court decide about the Affordable Care Act, but also taxes. How will their judgement change taxes?

The law must include tax cuts and increases. Even if the individual mandate is eliminated, the taxes would go on. Unless the Supreme Court eliminates the entire healthcare bill.

The mandate tax will be the punishment people would owe for not buying insurance. The High Court must decide whether it is considered a penalty or a tax.… Read more at 2011 Taxes.