TurboTaxBlogTeam

Tax Tips

How to Save on Taxes Through Life’s Transitions

January 16, 2016March 1, 2016 / TurboTaxBlogTeam

Life transitions can feel like many things at once: exciting, emotional, confusing, hopeful and often expensive. On the bright side expensive life moments often bring big tax benefits. Check out these 11 tax tips to help you save through major...

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Health Care

All You Need to Know About Advanced Premium Tax Credits

January 15, 2016September 30, 2016 / TurboTaxBlogTeam

Americans often wonder what exactly an advanced premium tax credit (APTC) is and how it could offset the costs of a health insurance plan. To start, if you have purchased or are considering purchasing Marketplace insurance, you may be one...

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Tax News

How Will You Be Taxed If You Win the Powerball Jackpot?

January 13, 2016January 13, 2016 / TurboTaxBlogTeam

Have you caught Powerball fever? Much of the country has, creating long lines at convenience stores and driving today’s jackpot to a record-breaking $1.5 billion dollars as of publishing. Admittedly, your chances of correctly choosing all six numbers are slim...

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Announcements

IRS Announces E-file Opens January 19: Be One of the First in Line for Your Tax Refund

December 23, 2015December 28, 2015 / TurboTaxBlogTeam

African-American Girl using Mobile Phone

The IRS announced this week that it will begin accepting e-filed tax returns on Tuesday, January 19, 2016. TurboTax will begin accepting e-filed returns starting January 4, and will securely hold them until the IRS starts accepting them on the 19th –...

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Tax Tips

Savor and Save with 3-Ingredient Holiday Desserts

December 22, 2015 / TurboTaxBlogTeam

You could say we’re experts at “simple and affordable” around here at TurboTax. If we had our way, everything would be that way – not just taxes! The holidays have a reputation for being stressful and expensive, but there are...

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Tax Tips

4 Ways to Save On Last Minute Holiday Gifts

December 18, 2015December 21, 2015 / TurboTaxBlogTeam

Christmas Eve is one week away, and if you’re like the majority of the population, you haven’t checked every one off of your holiday gift list quite yet. While the holidays are one of the most cheerful times of the...

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Health Care

January Health Insurance Enrollment Deadline Extended to Thursday, December 17

December 16, 2015December 16, 2015 / TurboTaxBlogTeam

Vietnamese woman in her late 20's working on her computer at her home with a christmas tree

Great news! You now have more time to enroll in or change your Marketplace health insurance plan for full-year coverage in 2016. Today Healthcare.gov announced an extension until 11:59 p.m. Pacific time on Thursday, December 17 (2:59 a.m. Friday Eastern time) to purchase...

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Health Care

I Don’t Have Health Insurance. Will I Face Any Penalties?

December 15, 2015September 19, 2016 / TurboTaxBlogTeam

Young businessman working on the computer at his modern spacious office.

While many people have health insurance whether through an employer, Medicaid, Medicare or private insurance, there are still hundreds of thousands that may need to shop for their coverage for 2016. If you fall in that camp, not to worry:...

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Health Care

Health Insurance 1095 Forms – As Easy as ABC [Video]

December 8, 2015September 14, 2016 / TurboTaxBlogTeam

This year taxpayers may receive a 1095 form detailing 2015 health insurance coverage. There are three types 1095 forms: the 1095-A, 1095-B and 1095-C. You’ll receive a 1095-A if you purchased health insurance through the Marketplace. You’ll need this form...

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Affordable Care Act (ACA), Health Care

UPDATE: Check Health Insurance Off Your List by December 17

December 8, 2015December 16, 2015 / TurboTaxBlogTeam

Update: Healthcare.gov has announced an extension until 11:59 p.m. Pacific time on Thursday, December 17 (2:59 a.m. Friday Eastern time) to purchase or make changes to coverage beginning on January 1, 2016. If your state has its own marketplace, visit its website for...

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