4 Tax Tips for New Filers
Doing your taxes might not be the way you want to spend an afternoon. You might think a lot of paperwork is required, but as a new tax filer, you probably don’t even have very much paperwork and you could prepare your taxes quickly. For first-time filers, I have four tax tips to put your mind at ease.
TurboTax Health Care Eligibility Calculator
TurboTax created a health care calculator to help you find out if you’re eligible for health insurance through a state or federal Marketplace, Medicaid, or Medicare or if you’re already set with your existing health insurance plan. It will also let you know, if you qualify for a tax credit or subsidy from the government to help you purchase your health insurance.
What Is a 1099 Tax Form, and What If You Forgot to File It?
In many cases, the IRS will discover any additional income you didn’t report on your tax return or haven’t reported yet. This additional income will show up on a 1099 form. Don’t fret, because it’s never too late to file it. Let’s break down what a 1099 form is and look at some simple steps you can take if you haven’t filed it.
Filing for a Tax Deadline Extension
If you can't complete your federal tax return by the deadline, find out how to file for an extension with these tips from TurboTax.
The Top Five Ways to Avoid a Tax Audit
If the IRS decides to audit you, there’s little you can do to stop it. However, you can reduce the odds that you'll be singled out for that extra attention in the first place.
Get Next Year's Refund Starting Next Payday
Changing your W-4 withholding can help you get through the recession and keep the good times rolling.
How Short Sales and Foreclosures Affect Your Taxes
If you are like most people, the purchase of a home is probably one of the biggest financial decisions you will ever make.
Tax Tips After January 1, 2013
TurboTax gives you 10 tax-saving tips for the new year. Find strategies to lower taxes, save money when preparing your tax return and avoid tax penalties.
5 Life Changes That Should Make You Revisit Your W-4 Withholding
Some life events result in more taxes, while others entitle you to credits and deductions that lower your taxes.
Tax Advantages of Getting Married
Marriage can help reduce the tax burden for married couples who file jointly. Depending on the incomes, so-called "marriage penalties" can be avoided.
What is a W-2 Form?
A W-2 form shows the amount of taxes withheld from your paycheck for the year and is used to file your federal and state taxes. Here are the basics.
How to Get All of the Tax Deductions Possible When Filing
Watch this TurboTax Tips video to find out!
Tax Law Changes: What You Need to Know for 2012
New Tax Law: American Tax Relief Act of 2012 On New Year's Day 2013, Congress passed the much-talked about fiscal cliff tax legislation, The American Tax Relief Act of 2012, which was signed by President Obama.
IRS Announces January 30 Tax Season Opening
The IRS recently announced that it will start processing 2012 tax returns for the majority of taxpayers on January 30, 2013. This opening date is a week later than previously announced, and affects both e-filed and paper-filed returns.
Filing 2012 Taxes: Your Go-To Guide
Whether it's the extended tax deadline, or expiring credits and deductions, we bring you everything you need to know to file your 2012 taxes with confidence.
Shedding Holiday Pounds: Is There a Tax Deduction for That?
Tis the season to overindulge and eat too much. Well, before you try to deduct your gym membership dues, there are some things you need to know. Michael Rubin explains requirements for deducting your weight-loss expenses.
Tax Preparation Checklist
Before you begin to prepare your income tax return, go through the following checklist. Not every category will apply to you, so just pick those that do, and make sure you have that information available.
Estimate your 2012 tax refund
How big will your tax refund be? We make it easy to find out how much you’re going to get back from Uncle Sam this year, or how much you’ll owe.