Most people would consider the tax refund the best part of tax season and with almost 75% of tax payers getting tax refunds this year, we’re taking a look at how Americans will spend their refund. While some would opt to save their refund for a rainy day, about 56% of tax payers plan to use some of this year’s tax refund to shop. Let’s take a look at the breakdown of top items on shoppers’ lists. Full story
If the IRS sends you a tax bill instead of a refund check don’t panic, there are several ways to manage this and it does not have to be a nightmare for your personal finances. You just have to manage it like any other part of your finances. Taxpayers have several options. Consider the following: Full story
With Memorial Day just weeks away and tax refunds in hand, everyone is looking for ways they can have fun and save at the same time. Check out our infographic which looks at the cost of fun and how you can find ways to keep more money in your pocket.
Most of us have heard of financial gurus touting the many benefits of investing in an IRA. Depending on whether one goes with a traditional Individual Retirement Arrangement or Roth, participants can get some tax benefits with their contributions or on their withdrawals. If you’re looking to jump start or increase your retirement contributions, here are some big ways to find money in your budget. Full story
Whew! Your taxes are done and it’s time to put up your feet and finally relax, right? You’re not too far off- the pressure is definitely gone, but before you just sit back until next tax season, there are a few things you can do to help make filing taxes easier next season. With a few adjustments you may be able to keep more money in your pocket and possibly increase your tax refund for next year. Full story
With tax season behind us, I thought it would be nice to step away from the usual tax tip post and share something different. While some taxes can be confusing when figuring out whether or not someone is expected to pay, there are a few special ones on the state and local level that are a bit baffling for some taxpayers (and a bit fun for those who don’t have to pay them). Full story
Now that tax season has officially come to a close, let’s take a look on how the topic of taxes trended on Twitter whether people were talking about this year’s tax refunds or the overall filing process. Full story
Closing the books on another tax year is always a great feeling. You’ve either received your tax refund or settled the score with Uncle Sam, so you sit back and relax until next year, right? Well, not entirely. Staying organized, even after your taxes have been filed, will make your life a lot easier in the future. Full story
You made the tax deadline, but your tax debt may still linger on. Well, at least you filed and avoided the most hefty penalty for failure-to-file. You might be scrambling to figure out how you’ll be able to pay what you owe after receiving your final tax bill from the IRS. There are options available to you if you are unable to pay and many are quite reasonable. We’ll go through some of the best options if you can’t pay.
Tax season is over. Now that we’re beyond April 15, aren’t you excited to start thinking about tax season 2014?
I didn’t think so. Nevertheless, here are two key strategies to consider throughout the rest of the year in order to make next year’s filing simpler and potentially less costly.
When you think of the holiday season, what comes to mind? Gift exchanges? Holiday parties? Home-baked pies? Taxes? I know you have a lot of other things to do this time of year, but the holiday season is a great time to make some last-minute tax moves before the year is over. Here are eight of my favorites. Full story
Lately you may be hearing buzz about health care reform, Affordable Care Act, or Obamacare on the news. Not sure what this new health care law is or if it changes anything for you and your family? Don’t worry, TurboTax has you covered.
Here are the facts straight from our experts. Full story
To combat the ever increasing price of college education, the tax code provides some relief via education tax credits and deductions. Here’s what you need to know about the education tax credits and deductions that will save you money at tax-time. Full story
Intuit TurboTax created a health care calculator to help you find out if you’re eligible for health insurance through a state or federal Marketplace, Medicaid, or Medicare or if you’re already set with your existing health insurance plan. It will also let you know, if you qualify for a tax credit or subsidy from the government to help you purchase your health insurance. Check it out to learn how health care reform impacts you so that you can make the best decisions for your health and your wallet. Full story