Tax Break: The TurboTax Blog » Infographic

Summer R and R on a Budget: Spending Guide to Popular Travel Destinations [Infographic]

TurboTaxLisa — Thu, 23 May 2013 23:18:33 +0000

Whether traveling for Memorial Day weekend or summer vacation, we are always seeking the best deals so we can keep more money in our pockets. Our infographic compares the top 10 most popular student and family travel destinations this year and how much everything from airfare to state sales tax costs.

Infographic by Column Five Media

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Payroll Tax Changes Affect the Way Americans Spend and Save

TurboTaxLisa — Wed, 15 May 2013 01:15:53 +0000

On January 1, 2013, the American Taxpayer Relief Act put more money back in taxpayers’ pockets with the permanent passage of many tax breaks. The payroll tax holiday, a temporary tax break to help stimulate the economy, however was not extended on January 1, 2013. Our infographic looks at how the expiration of the payroll tax holiday impacts spending habits and how individuals use their tax refunds.

Infographic by Column Five Media

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Cooking vs. Dining Out [INFOGRAPHIC]

turbotaxjen — Thu, 09 May 2013 19:56:54 +0000

Everyone is looking for ways to save money and with Americans becoming more budget conscious, about 71% find themselves saving money by cooking at home instead of dining out. This infographic takes a look at how often Americans go out vs staying home to cook and how dining habits of Americans are different by generation as well as gender.

Infographic by Column Five Media

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Tax Season is Over: How Will You Spend Your Refund? [INFOGRAPHIC]

turbotaxjen — Mon, 06 May 2013 23:58:09 +0000

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.

Infographic by Column Five Media

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The Cost of Fun and Ways to Save [Infographic]

TurboTaxLisa — Fri, 03 May 2013 21:28:50 +0000

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.

Infographic by Column Five Media

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Twitter on Taxes [INFOGRAPHIC]

turbotaxjen — Thu, 25 Apr 2013 06:33:51 +0000

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.

Infographic by Column 5 Media

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The Growth of Online Filing [INFOGRAPHIC]

turbotaxjen — Sat, 13 Apr 2013 17:35:57 +0000

With less than 3 days to file your tax return by the April 15 deadline, there is no wonder more and more Americans are turning to tax software as their preferred method of tax preparation. This infographic takes a looks at the break down of how americans are preparing their taxes this year and the rate at which online tax filing is growing every year since 2008.

Infographic by Column 5 Media

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TurboTax Top 10 Procrastinating Cities [INFOGRAPHIC]

turbotaxjen — Thu, 11 Apr 2013 22:18:32 +0000

Have you filed your taxes yet? Well if you haven’t, you aren’t alone! Here are some tips to help you make the dreaded April 15th tax deadline:

File Online – With no more time to waste, online tax preparation and e-filing are the ways to go instead of waiting for an appointment at the tax store.
E-file with Direct Deposit for a Faster Refund - E-file with direct deposit is the fastest way taxpayers can get their refunds.
Find Last-Minute Deductions – Some few tax-saving moves to remember are making an IRA Contribution and deducting your charitable contributions.
Get Free Expert Answers – TurboTax has certified CPAs, EAs, and Tax Attorneys available to answer taxpayers’ last minute tax questions for free.
Extend the Deadline - Taxpayers that aren’t going to make the deadline need to file a tax extension, free with TurboTax. And remember: An extension to file isn’t an extension to pay. Taxes owed are still due April 15.

In honor of all you tax procrastinators out there, here is the TurboTax annual list of the Top 10 Tax Procrastinating Cities.

Infographic by Column 5 Media

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A Century of Income Taxes: The History of Tax Day [Infographic]

TurboTaxBlogTeam — Wed, 10 Apr 2013 01:59:21 +0000

The April 15th tax deadline is just days away and tax procrastinators are scrambling to make the tax deadline. No need to worry. With today’s modern technology you can go online and e-file your tax return at 11:59 on April 15th, but what was tax day like a century ago and how did the IRS come up with the April 15th tax deadline? Prior to 1913, only taxes were raised during the civil war and the first income tax day was March 1, 1914. Our infographic takes a look at a hundred years of taxes and the history of tax day.

Infographic by Column Five Media

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All Grown Up: The Cost of Raising a Child [Infographic]

joshritchie — Tue, 02 Apr 2013 23:30:32 +0000

Parents who are lucky enough to bring a new bundle of joy into the world can expect to spend between $200,000 and $500,000 before their child even makes it to college. Whew! Don’t forget to take advantage of tax breaks for your children when you file your taxes. Our infographic breaks down the different expenses involved with raising a child and looks at the total costs from birth to age 17.

Infographic by Column Five Media

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College Capital- FAFSA Aid and You [INFOGRAPHIC]

turbotaxjen — Fri, 29 Mar 2013 21:58:40 +0000

With the average payment for college tuition being at about $20,902, no wondering families and students are looking forward to this time of year to apply for FAFSA assistance before the deadline. Our infographic looks at FAFSA state deadlines and ways that FAFSA aid is helping students across America pay for college.

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Does March Madness Boost Employee Morale and Productivity [Infographic]?

joshritchie — Tue, 19 Mar 2013 22:20:39 +0000

March marks the countdown to the tax deadline and the long-awaited March Madness office pools. While employers complain that they lose money during the NCAA tournament, employees score on their office pool winnings. Our March Madness infographic looks at how March Madness activities really impact employee productivity and morale and reminds you of the tax implications of your winnings.

Did you participate in a March Madness pool in 2012? Don’t forget to claim your winnings and to deduct your losses.

Infographic by Column Five Media

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Nicotine Nation: Which States Import the Most Cigarettes Illegally [Infographic]

joshritchie — Fri, 15 Mar 2013 08:04:59 +0000

With the variation in state cigarette taxes across the United States, incentives to smuggle cigarettes into high tax states is on the rise. Our infographic looks at the variations of state cigarette taxes and the top illegal importing states.

Infographic by Column Five Media

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The Affordable Care Act Timeline for Individuals and Families [Infographic]

TurboTaxBlogTeam — Thu, 14 Mar 2013 16:57:01 +0000

The Affordable Care Act or healthcare reform was signed into law on March 23, 2010. Some tax provisions related to the law took affect in 2010, but the requirement to purchase health insurance and how the purchase relates to your taxes doesn’t go into effect until 2014. Still, Americans remain confused about when they need to purchase health insurance and when the requirement to purchase health insurance impacts their taxes. Our experts at the American Tax and Financial Center at TurboTax put together this helpful infographic timeline to dispel the myths about healthcare reform and let you know when the key dates and events take place.

Infographic by Column Five Media

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How the American Taxpayer Relief Act May Help Your Tax Rate [Interactive]

joshritchie — Wed, 06 Mar 2013 21:10:18 +0000

The dust has settled and the American Taxpayer Relief Act of 2012 was signed into law on January 2, 2013 helping Americans save more of their hard-earned money through the extension of the lower tax rates for people making less than $400,000 per year filing single and $450,000 for those filing jointly. Our interactive looks at how the new tax law may save you money on your 2013 paychecks.

data=”http://images.blog.turbotax.intuit.com/swf/TurboTax-Fiscal-Cliff-Interactivefnl.swf”
width=”580″
height=”600″>Please install the latest version of adobe flash

Interactive by ColumnFive Media

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Pennies Saved: Pay Off Bills by Filing Taxes Yourself [INFOGRAPHIC]

joshritchie — Wed, 06 Mar 2013 19:02:32 +0000

While monthly expenses may not seem like much in terms of pennies, they can really add up at the end of the month. On average, you save $100 or more over the leading tax store by choosing TurboTax and filing taxes yourself. See how $100 in tax filing savings and using tax software could help your monthly bottom line.

Photographic by Column 5

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The Fiscal Cliff and Your Tax Rate [Interactive]

joshritchie — Mon, 18 Feb 2013 08:06:34 +0000

The dust has settled and the American Taxpayer Relief Act of 2012 was signed into law helping millions of Americans save more of their hard-earned money. Our interactive looks at the extended lower tax rates voted into law for individuals making less than $400,000 and married couples earning less than $450,000 helping them continue to save money on their paychecks in 2013.

data=”http://images.blog.turbotax.intuit.com/swf/TurboTax-Fiscal-Cliff-Interactivefnl.swf”
width=”580″
height=”600″>Please install the latest version of adobe flash

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What is a Dependent? [Motion Graphic]

joshritchie — Tue, 12 Feb 2013 22:31:15 +0000

“What or Who is my Dependent?”, continues to be one of the most asked questions every tax season and with dependents helping you qualify for tax breaks we see why you’re asking. You may be wondering, “can I claim my mother, brother, girlfriend, or cat?” Here is our motion graphic to help you.

Still have questions? TurboTax walks you through the appropriate questions to help you get the dependent tax deductions you are eligible for.

365 Days of Savings: 10 ways to lower your cost of living [INFOGRAPHIC]

joshritchie — Tue, 05 Feb 2013 23:15:44 +0000

Americans may be looking for ways to save during tax time, but there are some good practices to cut down the cost of living all year round. With the average American family’s budget being a little over $49,000 a year, the cost of living can really add up. Here are 10 easy ways to save on everyday expenses that might help your bottom line.

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New Year’s Financial Resolutions at an All Time High[Infographic]

joshritchie — Fri, 04 Jan 2013 23:43:34 +0000

The New Year’s eve ball dropped and the last drop of champagne was sipped as everyone rang in the New Year. Now it’s time to do what everyone does best this time of the year (besides get ready to file taxes). Reflect on the past year and make New Year’s resolutions that you can hopefully keep. Every year people claim New Year’s resolutions, whether they’re related to fitness or financial fitness, but how many people actually keep those resolutions and what are the top New Year’s resolutions? Surprisingly, there has been a shift in the top resolutions. Our infographic shows 2013′s top New Year’s resolutions, the challenges of keeping them, and tips used to keep them.

What’s your New Year’s resolution? Do you always make them? Can you keep them?

Infographic by Column Five Media

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