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RSS TurboTax Tax Tips

  • TurboTax: 5 Tips for How to File Taxes for the First Time
    Filing taxes for the first time is a big milestone for any young adult. In the past, your parents may have handled tax filing for you, but now it's your turn to take charge of your finances and file your own return. To help you cruise through the process, here are some quick tips for […]
  • TurboTax Tips for Paying Estimated Taxes
    Generally speaking, anyone who owes more than $1,000 in a given tax year, after subtracting withholding and refundable credits, is required to pay quarterly estimated taxes. Traditionally this applied to high income taxpayers because of revenues from sources such as interest, dividends or rent. Salaried individuals and those paid hourly wages typically do not pay […]
  • Top 5 Myths About Tax Audits
    An audit is arguably the most dreaded outcome of the tax filing process, and the situation carries with it some unsettling mystique. The standard nightmare has Internal Revenue Service agents with badges showing up on your doorstep, or the agency—seizing smorgasbord-style—the bulk of your personal assets. But audits contrast greatly from their thriving myths. For […]
  • 5 Hidden Ways to Boost Your Tax Refund
    While Americans may disagree on how the government spends their taxes, at tax time, many of us are looking for ways to pay no more than we owe — or even boost our tax refunds. These five tax strategies go beyond the obvious to give you tried-and-true ways to reduce your tax liability at tax […]
  • How to File Federal Income Taxes for Small Businesses
    When it’s time to file a federal income tax return for your small business, there are various ways you can do it, depending on whether you run the business as a sole proprietorship or use a legal entity such as an LLC or corporation. Each type of entity requires a different tax form on which […]
  • Top 5 Reasons to File Your Taxes Early
    Every year, most taxpayers wait until the very last minute to file their federal income tax returns. Despite this tendency, there are many good reasons to file your taxes early. One of the most common reasons to file your taxes early is to receive a faster tax refund. If you expect to receive a refund […]
  • TurboTax: How to Prepare and File Your Taxes From Home
    Filing your taxes can seem like a daunting process, but with a little organization and preparation, you can ensure you'll file on time and with accuracy from the comfort of your own home. Whether you're filing your taxes for the first or the fiftieth time, it's always a good idea to take a minute to […]
  • The 5 Biggest Tax Credits You Might Qualify For
    A number of federal tax credits exist to help taxpayers—primarily those in middle-income and low-income households—reduce the amount of taxes they owe or get the largest refund possible. Here are the 5 biggest tax credits you just might qualify for that can have a major impact on your income and tax situation.Continue readingSubscribe to the […]
  • TurboTax Launches Free 2020 Stimulus Registration Product To Help Millions of Americans Get Their Stimulus Payments
    An important question on Americans' minds right now is, "How can I ensure I'll receive my stimulus check?" That's why today, TurboTax launched a free, Stimulus Registration product designed to help millions of Americans who are not required to file a tax return easily register with the IRS to get their stimulus money. According to […]
  • How to Find Your Adjusted Gross Income (AGI) to E-file Your Tax Return
    Planning on e-filing your taxes from the comfort of home? You may need to first find the amount of your adjusted gross income - or, AGI - from last year's return in order for the IRS to verify your identity. As opposed to the amount of gross income you made last year, your AGI takes […]
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