Tax Deduction vs. Tax Credit
What’s the difference between a tax deduction and a tax credit? You might think the two are interchangeable but they aren’t. Full story
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Taking Advantage of the Homebuyer Tax Credit
If you’re in the market for a house and you’re counting on this Homebuyer Tax Credit, you no longer need to rush to purchase before December 1. Full story
TurboTax 2009: Like GPS for Your Taxes
Easily Guides You to Your Maximum Tax Refund SAN DIEGO – Nov. 17, 2009 –… Full story
Welcome to the Tax Break Blog!
Welcome to Tax Break, the new TurboTax Blog. Tax Break gives you easy to understand… Full story
TurboTax 2009: Like GPS for your taxes
TurboTax 2009 is here! I know it doesn’t feel like tax season yet, but it’s just around the corner and this year’s TurboTax will make doing your taxes easier than ever. Full story
Charitable Work Helps Your Bottom Line
If you plan on giving some of your time or money to some charitable causes this year, you should know that there are financial benefits, in addition to the spiritual and emotional ones. Full story
Take Advantage of the Stimulus Tax Incentives While You Still Have Time
Time is running out for you to take advantage of the tax incentives provided by the American Recovery and Reinvestment Act (or stimulus package). Here are some specifics about the stimulus incentives. Full story
Take the Chill Off at Home with $1,500 Energy-Efficiency Tax Credit
If you’d like to lower your home heating bill this winter, the government has a hefty tax credit that could help. Full story
Tax Filing Status
It sounds simple, but having the right filing status on your taxes is very important. Here is a breakdown of the 5 different tax filing statuses and how to know which one you should take. Full story
Don't 'Over-Extend' Your Tax Return, October 15 Filing Deadline Nears
If you took the IRS up on its offer to let you postpone filing your 2008 federal tax return, your time is just about up, the tax extension deadline is October 15. Full story
What is the current IRS status on processing returns?
Already filed your taxes with TurboTax? Here is the latest information on IRS processing, so you know when you can expect your tax refund. Full story
IRS Announces E-file Opens January 30, 2013
Today, the IRS announced that it will begin accepting e-filed tax returns for the vast majority of U.S. taxpayers on January 30, about a week later than expected. The IRS anticipates that it will be able to process tax returns for about 120 million taxpayers. Full story
Bonus Time: How Bonuses Are Taxed and Treated by the IRS
Bonuses can change your tax situation depending how large the bonus and what methods employers use to tax the income. Find out how bonuses(supplemental income) are taxed. Full story
What is a Schedule K-1 Form?
If you are an owner of a partnership, LLC, S-corp, or other entity that passes through taxes to its owners, in most cases you will receive a K-1 form each year. The K-1 is prepared by the entity to distribute to owners/shareholders to outline their portion of the income, loss, and deductions. Full story
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