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Taxes Articles

Prepare Your Taxes Free Online with TaxACT

March 14, 2009 | Taxes | No Comments
taxactfree

TaxACTOnline now allows you to prepare AND file taxes fast, easy, and best of all free! There are no rebates, restrictions, or gimmicks.

TaxACT is developed by professional accountants and CPAs making doing your taxes a hassle-free experience.  TaxACT is now in its eleventh tax season and is the 2nd most visited destination for do-it-yourself tax preparation services.

With TaxACT you can print a copy of your return, print individual forms, or have a printing-related question, you’ll quickly find the information you need.

For more information visit TaxACTOnline.com.

Your Share of Obama’s Stimulus Tax Breaks

February 24, 2009 | Taxes | No Comments

According to the Tax Policy Center, about 97% of American households will see tax savings as a result of President Obama’s American Recovery and Reinvestment Act signed into law last Tuesday.

The average savings would be about $1,179, however, savings will depend on income, marital status and number of children in a household.

Savings will range from a few hundred dollars to several thousand. The Recovery and Reinvestment Act contains a range of tax breaks which includes:

  • Making Work Pay credit worth up to $400 ($800 for joint filers)
  • A patch to protect middle and upper middle-income families from having to pay the Alternative Minimum Tax
  • Expansions of the earned income tax credit and the child tax credit for low-income families.
  • New credit for first-time homebuyers
  • Sales tax deduction for car buyers
  • Credit to help pay for college tuition
  • For out of work individuals receiving unemployment benefits, the first $2,400 will be tax-free.
  • Various tax breaks for small businesses


Under the new economic recovery plan, households will reduce their taxes as follows:

The government has already taken action on the broadest of the law’s cuts, the Making Work Pay. The Treasury Department has already told employers to reduce the amount of taxes withheld from paychecks by April 1, which will allow the typical family to begin taking home about $65 more per month.

First time homebuyer’s tax credit can be claimed on 2008 tax return if the home purchase occurs between January 1, 2009 and before November 30, 2009. However in many cases, households will not see any of their stimulus savings until they file their 2009 tax returns, which will be in 2010.

Do Your Taxes for Free with Turbo Tax Free Edition

February 2, 2009 | Taxes | Videos | No Comments

 

Free Turbo Tax

Free Turbo Tax

 

Do you have a simple tax refund?  If you normally use the 1040EZ then you can do your taxes for free with TurboTax Free Edition Online.  Some people are paying at least $50 to do have someone do their returns when it’s easy to do it online.

And the cool thing about it is that free efile is included saving you the cost of a stamp and envelope.

If you have a simple tax return, TurboTax Free Edition is the easy way to do your taxes and get your maximum tax refund. 

Visit TurboTax.com/FreeEdition to file your taxes for free.


Video: How to File Your Tax Return for Free