Category Archives: Turbo Tax

Take Advantage Of The Upcoming Tax Day Deals

The IRS is sending out over $330,000,000,000 of tax refunds. Therefore, lots of eateries are attempting to capitalize on this extra cash in taxpayers‘ pockets, by providing giveaways and price reductions on April 18. Here is an overview of the tax day deals throughout America.

At Boston Market, the tax day offer consists of a half chicken dinner for $10.40. This is priced to reflect the form taxpayers have to complete. $11.77 is the normal price. At Outback Steakhouse, to access the tax day bargain, you have to visit their website then print … Read the rest

New Features For Tax Preparers

Most people have their tax forms or financial documents in hand at this moment in time and that means that they are ready to start preparing their taxes for 2014. This means that they might be looking at the latest online tax software from places like Turbo Tax and H&R Block for their online tax preparation needs. Unfortunately, the new features offered by the likes of these companies can be confusing and hard to understand.

One of the new features offered by Turbo Tax is it’s mobile experience. With the push of a few buttons and the click of a … Read the rest

What Medical Expenses Are Tax Deductible?

If you determine that you spent over 10 percent of your adjusted gross income (If you are over 65, the amount is 7.5 percent) on medical expense in 2014, you can potentially claim these expenses as a tax deduction. If you are using TurboTax 2014 to file your taxes, the TurboTax software will help you to figure out your medical expenses as it can potentially be a significant amount.

Deductible medical expenses include those of any dependent, as well as those of you and your spouse.

Expenses for medical costs are not deductible if you get reimbursed for them in … Read the rest

The Tax Preparation Wars Have Begun

TurboTax Continues on With Its Own SuperBowl Ad

Intuit is the maker of Turbo Tax, a leading tax-preparation software. During the Superbowl, they aired their advertisement with no mention of the recent squabbles with furious customers over their software.

Rather than address the problem, Intuit chose to simply state the benefits of their program, which was being able to file both state and federal taxes for FREE. Their ad displayed a Boston Tea Party reenactment with a small twist to it. While angry American Patriots were swarming a British Ship, tossing large boxes of tea overboard, the British Redcoats … Read the rest

2014 Tax Filing Season Commences January 20

The income tax filing season starts on January 20, 2015, states the Internal Revenue Service. This means that people may begin filing returns for Taxes 2014 on that date. This day will kick-off the filing season even though the United State Congress passed a eleventh hour tax law, and it was signed by President Obama.

In addition, the Congress passed a bill which extends more than 50 soon to expire income tax breaks. The extension goes through the end of 2014 and allows filers to take advantage of them on their 2014 federal income tax returns. The President signed … Read the rest