Category Archives: Finance


Ways To Save On Taxes

11 Ways To Save On Taxes Using TurboTax

If you want to save on taxes when going through major life events, then here are 11 tips to assist you. Take a look at these 11 Ways To Save On Taxes Using TurboTax.

1. Before finalizing on divorce, you should copy all the business tax returns in partnership with your spouse then sign in order for the IRS to issue you with copies of business tax returns of your spouse.

Ways To Save On Taxes

2. Paying child support comes with implications. Alimony is taxable to the recipient and deductible to the payer while child support isn’t deductible. For alimony to be deductible, payment must be made under a written agreement and its validity ceases upon the ex’s death.

3. You should keep track of the number of days and nights your child spends at yours’ and your ex-spouse’s house. This is to provide the court and IRS with documentation on household head filling status and dependency exemptions using TurboTax.

Business Ownership.
4. Move income to lower tax bracket of your child through paying reasonable child wages.

5. Take advantage of health insurance by deducting premiums you pay for your whole family.

6. If you use part of your house to discharge office duties, then you should deduct a rent, utilities and others.

7. Explore widely on reading materials, subscriptions, conferences and workshops which relates to your work.

Home Ownership and Investing.
8. Plan to own your home through saving. This will save you mortgage interest and property tax.

9. Points paid through your home loan should be deductible in that year. Points paid which is used to refinance a home loan should be written off in that period of the loan.

10. Make early contribution to your IRA online using Free TurboTax which is first so that your money may have time to grow until the deadline of April 15 the following year.

11. Avoid bad debts. You may be able to deduct personal bad debts as capital loss up to $3000 in tax return.

When filling taxes, TurboTax calculator will ask you about your life events, hence you should capitalize on it for bigger tax refunds.

TurboTax Free

3 Advantages of Using TurboTax Free for Filing Returns

When planning to file your tax returns, all you need is accuracy, simplicity and cheapest option to use; TurboTax Free. The time when people were filing their tax returns using the traditional method is slowly ebbing away. You do not want to be confronted by the sights of various forms to fill, calculator and pencil. There are many advantages of doing this electronically, as compared to physically. You get all these advantages through the use of Free TurboTax. The following are some of the advantages of using this software for filing your tax returns:

TurboTax Free
Brown filing cabinet.  (Photo credit: Wikipedia)

It makes filing tax returns simple and quick

Each and every tax payer is unique in his or her own way and Turbo Tax provides five different types you can use in preparation and filing of your tax returns. Among these is TurboTax Free. This is made for easy returns.

TurboTax takes the stress away of filing your tax. The only thing that you need to do is to follow the simple steps of filling in your personal information. Each and every step is clearly explained; therefore you do not have to stress yourself with a lot of details.

Again, you do not require having exceptional skills in order to use Free TurboTax . Consider this: when you have filled in the requisite information, TurboTax Free is going to do the rest of calculation for you. Therefore, you do not have to be overly worried about making mathematical errors when filing your tax returns. The calculations that are made throughout this software are entirely free from errors.

TurboTax Free

TurboTax Free is also the quickest means through which you may receive your refunds. There’s no other method of tax preparation that is faster than this method. Also you don’t require additional time to prepare your state and federal state returns separately. You are able to do both by using this software.

You are going to have your refunds the sooner you file your tax refunds. If you are expecting the refunds from your state, IRS or both, you are able to complete the entire procedure within a couple of minutes. Free Turbo Tax, thus, is the easiest and fastest means to file.

It’s also more convenient when you use Free Turbo Tax

If before, you were one of those people who used traditional methods, or rather paper forms, for filing your tax returns, then you are bound to appreciate the new filing options provided by TurboTax Free. If you like to prepare your tax returns online, use either your phone or your tablet or downloading Free Turbo Tax software to your PC, It’s wholly your own personal choice. The above options are going to make filing your tax returns through Free Turbo Tax more convenient to you.

A case for guarantees normally comes with Free Turbo Tax

You are guaranteed to receive all the tax refunds you are eligible for, when you file. Additionally you are also guaranteed your TurboTax Free calculation is a hundred percent correct.

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