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 information to FAFSA in plenty of time and this means that you can potentially receive financial aid for college, depending on your income.

Free TurboTax photo
Photo by mighty.travels

Free TurboTax online is accurate and quick to use, and of course it is guaranteed to give you the most refund and to save you money. Standing in line at your local tax preparation office is a thing of the past with TurboTax and the system’s simple to answer questions will allow the program to search through over 350 credits and tax deductions.

If you file electronically with direct deposit, the IRS expects to issue 90 percent of tax refunds within 21 days, meaning that you can get that much needed tax refund as quickly as possible. You can save up to a couple of months of interest just by paying off debts such as credit cards sooner rather than later.

Many tax procrastinators make simple mistakes on their ta return such as putting down the wrong social security number or not signing their tax return. It is also very easy to rush through your ta return if you are trying to do it at the last possible minute, and filing your tax return ahead of time can avoid these errors and make sure that you take the time to do everything thoroughly and accurately.

TurboTax really can save you time and money and get you the biggest possible tax return as quickly as possible. Using free TurboTax online allows you to have more of your money to spend and to file your return completely and accurately.

Income Tax Considerations And Changes

Politicians across the country debate about ways to fund worthwhile programs, and the new mayor of New York City has received considerable attention regarding his proposed agenda. Mayor de Blasio has outlined a progressive agenda aimed at funding afterschool and early education programs, and his approach pushes for higher tax rates for wealthy individuals. You may have a lot of tax questions regardless of your income level, but using Turbo Tax 2013 may help you make sense of current and future tax scenarios.

Bill de Blasio
Bill de Blasio (Photo credit: Kevdiaphoto)

Mayor de Blasio would like to impose a tax increase on residents who report an excess of $500,000 in taxable income, and he wants this tax increase to be in effect for five years. Taxes 2013 and beyond may be affected by such a measure, and the rate would move from 3.88% to 4.41% under the de Blasio proposal. New York city resident tax rates have been as high as 4.46% under previous administrations, and the additional funds were intended for education and crime prevention.

A little over one percent of New York city residents would be affected, and the additional tax revenue raised would be approximately $500 million annually. This is in line with the goal of establishing continuous funding for education programs, and having this additional revenue may give Mayor de Blasio time to establish other funding sources once the higher tax rate has expired. Any discussion about proposed tax rate changes can lead to numerous questions, but Turbo Tax 2013 may help you find good ways to save at tax time.

Tax Carnival Ecstasy – May 9, 2013

Online Investing?
Online Investing? (Photo credit: Monkey Mash Button)

Welcome to the May 9, 2013 edition of Tax Carnival Ecstasy. We begin with a post from James Powell on credit and benefit changes for 2013 that is quite interesting. Bill Smith looks at how TurboTax has changed in the current year. And finally John Schmoll has a number of online brokers that he likes to use. Hope you enjoy all the articles, bookmark, share on your social sites, and come back real soon for more tax topics.

credits

James Powell presents Tax Credits and Benefits Changes 2013 – How They Will Affect You : Tax Credits posted at Tax Credits, saying, “This post will look at how the changes in tax credits will affect you in 2013.”

filing

Bill Smith presents Innovations For Turbo Tax 2013 posted at 2013 Taxes, saying, “Professional accounting can help business owners save time and resources, and the Turbo Tax 2013 CPA Select edition by Intuit may be the ideal solution for tax filing season.”

retirement

Jebelle presents LIFE is what you make it: HEALTH is WEALTH posted at LIFE is what you make it, saying, “earn even retired”

John Schmoll presents Online Brokerages I Use: OptionsHouse Review posted at Frugal Rules, saying, “There are many online brokerages to use as you look to invest in the stock market. The good ones are there to meet your needs and help make sure you’re doing what you can to be investing for things like retirement.”

tax law

Bill Smith presents Senate Bill On Internet Taxes Passes First Hurdle posted at FastSwings, saying, “Recently, the United States Senate passed a bill concerning Internet tax collection.”

taxes

Bill Smith presents Estimate Your Tax Refund With The Free TurboTax Taxcaster posted at 2013 Taxes, saying, “Tax time is drawing near and like most other Americans, you need to file and prepare your taxes to avoid penalties and late fees from the Internal Revenue Service.”

tips

Bill Smith presents The Benefits Of TurboTax 2013 posted at 2013 Taxes, saying, “When you are planning to file your income tax return, you want simplicity, accuracy, and options. You will have these benefits and more with TurboTax 2013.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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TurboTax Continues To Grow In Popularity

TurboTax Continues To Grow In Popularity

Millions of people utilize TurboTax in order to file their income taxes annually. In fact, Intuit recently reported that sales for its products have increased since last year. Motley Fool pegs that increase around 30%, which is an incredible figure. Without a doubt, more and more taxpayers will continue to use this software in the coming years. This includes free TurboTax 2013 and its paid variants that are available today.

TurboTax: Why ask if you already know?
TurboTax: Why ask if you already know? (Photo credit: stevegarfield)

Currently, TurboTax is so popular because it offers incredible features at an affordable price. Individuals unfamiliar with the tax system can follow the software’s step-by-step guide. More confident tax filers can go through each section at their leisure. Plus, Intuit offers free tax advice from knowledgeable professionals with each product. Tax audit assistance is available at a low fee, too. Undoubtedly, very few tax products offer such useful and affordable features.

Free TurboTax 2013 stands as Intuit’s most popular tax preparation software. With this particular product, taxpayers can file simple income returns without paying a penny. The free version of TurboTax comes with the same great features as other variations. Luckily, most taxpayers can utilize this option without needing to pay for another. Most people file simple returns each year, and they are the most common type by far.

For more complicated returns, various versions of TurboTax are available. This includes Deluxe, Small Business, and a handful of other products. Each one suits the needs of a different type of taxpayer. These products range in price from $19.99 to $89.99 under normal circumstances. With that in mind, thousands of people purchase these software. They come with a few added benefits in comparison to free TurboTax 2013.

In the end, TurboTax will likely see its sales increase year-over-year in 2014, too. Intuit provides a very necessary product that outshines most of the competition. For that reason, the company sells millions of units each year. This holds true even with the existence of the free version, which doesn’t suit everyone’s needs. TurboTax won’t slow down any time soon because most Americans file their taxes through preparation software rather than doing them themselves.

Tax Carnival Ecstasy – January 3, 2012

Welcome to the January 3, 2012 edition of Tax Carnival Ecstasy. We have the top 5 articles this week for the carnival including how to get Free Tax Advice by Phone this tax season from a software company. Joe Morgan takes a look at being Prepared to Pay $3,598 More in Income Tax for 2012. And Clint Cora examines the W8BEN Form For Canadians,  this form is for Foreigners Who Work In The US. Hope you find the information helpful, bookmark, share, tweet, like on Facebook, and come back soon.

tax law

Lawyer presents What is Tax Law? Do You Need to Pay Tax Law? posted at Legal Advice & Legal Aid, saying, “Read our comprehensive review about new Tax Law for 2012!”

taxes

Darren Marks presents Free Tax Advice by Phone… From a Software Company? posted at Consumer-Rankings, saying, “Introducing a free new feature from Turbotax just in time for tax season, free phone consultations with tax experts.”

Joe Morgan presents Are You Prepared to Pay $3,598 More in Income Tax for 2012? posted at Simple Debt-Free Finance, saying, “This article covers the effect of expiring tax laws and how they could cost the average American family $3,598 in additional taxes for the 2012 tax year – without any change in their income.”

tips

Clint Cora presents W8BEN Form For Canadians And Foreigners Who Work In The US posted atMotivation Diversity Success Blog, saying, “To help foreigners who get some income in the US reduce withholding tax”

Tyler presents Are You Sure You Want to Pay Taxes With a Credit Card? posted at Credit Card Chaser, saying, “I hope you find this article fitting for your readers! Some people don’t realize they’re instantly paying a significant extra charge! Please let me know if you have any questions or concerns. Look forward to seeing this on your next blog carnival! Have a great day! Tyler”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

 

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