Showing posts with label turbotax federal free edition. Show all posts
Showing posts with label turbotax federal free edition. Show all posts

Thursday, February 25, 2010

Morning Deals: First Aid Kits, taxes & diet

Deal Of The Day:

First Aid Kit: Free first aid kit from Kettering Health Network

Other Morning Deals:

Taxes: Do your taxes the easy way, for free. Use TurboTax Federal Free Edition today- start now!

Tuesday, February 16, 2010

Survival tips to whip your tax returns into shape

Are your tax returns out of shape? Don't fret. In a three-part series focusing on how to survive the 2009 tax season, we've assembled a few tips to battle that post-recession bulge. No weights or cardio work necessary.

Time for part three, so whip out that No. 2 pencil one more time.

Question: What can I do to avoid mistakes and problems on this year's tax return?

Double check your numbers!
Most importantly, make sure you got your Social Security numbers correct. Let's say you wrote down the wrong social security number for one of your children. The IRS will disallow the dependent, and send you a brand new tax bill. Do a thorough double check when you finish filling out info. it's worth the extra time.

Round up your charitable contributions
You can't deduct your charitable contributions if you forget to document them. Deductions are allowed for political groups, foreign organizations, social clubs, donations to individuals, and for a mile driven in service for a charitable cause. So don't forget to document.

File your taxes electronically
Want to avoid the paperwork? File your taxes on the computer this year. Filing through online services like TurboTax will speed up your return, and save you from many errors that might not have been caught on paper. The IRS will give you a chance to go back and fix any mistakes before your return is accepted and processed.

Click here for part one and here for part two of the three-part series.

Also, Consumer United has teamed up with TurboTax to make times a little easier. File your simple return for FREE with TurboTax Federal Free Edition. Click here to start saving.

Survival tips to whip your tax returns into shape

Are your tax returns out of shape? Don't fret. In a three-part series focusing on how to survive the 2009 tax season, we've assembled a few tips to battle that post-recession bulge. No weights or cardio work necessary.

Time for part two, so whip out that No. 2 pencil once again.

Question: What positive actions can I take now in order to turn my tax return around?

Contribute to Haiti Relief
Help a great cause this spring. Make a cash donation before March 1, 2010, and it can be claimed on your 2009 tax return. Remember to itemize on your return in order for the contributions to be deductible. Have you made a donation via text message? Print a copy of your phone bill to receive a deduction.

Purchase a home
Thinking about buying a home? If you qualify for home-buyer credit, a home purchased before June 30, 2010 (the home contract must be in order by April 30) can be claimed on your 2009 tax return for up to $8000 in credit for first time home buyers or $6500 for long-time residents.

Give money to an HSA
Give money to a Health Savings Account if you were covered by a high deductible health care plan in 2009. This contribution will provide an above-the-line deduction. Limits are $3,000 for individuals, and $5,950 for families. There is also a $1000 catch for those age 55 and over.

Give money to an IRA
Contribute to an individual retirement account before April 15, 2010 for an above-the-line deduction. Limits are $5,000 for individuals with a $1,000 catch for those age 50 and over. Income levels over $65,000 for individuals and over $105,000 for families are not entitled to a deduction.

Click here for part one and here for part three of the three-part series.

Also, Consumer United has teamed up with TurboTax to make times a little easier. File your simple return for FREE with TurboTax Federal Free Edition. Click here to start saving.