If you are married, should you file a joint return with your spouse? Most couples do file a joint return that combines their income and deductions. But before you join that majority, you might want to re-examine your situation.
Wondering where to find free online tax preparation and e-filing? The IRS is once again offering it’s Free File program, available at www.irs.gov. IRS Free File is a public-private partnership between the federal government and about 20 private tax preparation companies, including TurboTax maker Intuit.
Each year, more and more taxpayers are choosing to e-file their tax returns. In the past decade, the number of individual tax returns filed electronically has increased by a whopping 145%. In fact, by 2005, the more than half of all U.S. taxpayers were e-filing; by 2010, this increased to 70%.
SnapTax Mobile App From TurboTax Available Nationwide for iPhone and Android SAN DIEGO – Jan. 14, 2011 – SnapTax, the first mobile application that allows people to prepare and file their taxes from start to finish, is now...
Did you become a first-time homeowner in 2010? If so, congratulations! I hope you are enjoying the comforts and satisfaction of owning your own place. You may know that by owning your home, you’ll also get some very favorable tax write-offs that can significantly increase your refund. So while filing your taxes will be a bit different this year, you’ll probably get a more favorable result. Here are some of the things you’ll need to consider.
Although the calendar says 2011 already, you can still make a 2010 IRA contribution. In fact, you can make a contribution until April 15, 2011. Furthermore, some taxpayers are eligible to deduct their IRA contributions, thereby lowering their taxes for a year long since over. Crazy? Not in the wonderful world of arcane tax rules. Here’s an overview of how IRAs affect your taxes and vice-versa.
Have you ever debated whether or not you can claim someone as a dependent? Or wondering if your employer is late with your W-2? For those of you turning to Twitter for answers, @TeamTurboTax is back on Twitter to answer tax and customer support questions.