TurboTax in the News
For those of you who still haven't filed their 2011 taxes, the due date is April 17th. Returns should be filed & extensions need to be filed no later than April 17, 2012. To help speed up your process here are some useful tips to make filing your taxes easier. First be sure that you have and carefully check all personal information needed to file your taxes, including dates of birth and social security numbers of you, your spouse and your dependents. Second make sure that you have all the forms related to your income, whether it is a W-2, 1099, SSA-1099 or any other form. Third you will need any paperwork that shows adjustments to your income. These can be IRA contributions, student loan interest, self-employed health insurance premiums, or educator expenses, just to name a few. Fourth you will need a list of your credits and itemized deductions. These can include child care costs, home mortgage interest and points, charitable donations and Child Tax Credit, and more. You will also need to document taxes already paid, such as state and local income tax, real estate tax and personal property tax. Once you have gathered all the necessary information to file your taxes, you can begin the process of submitting your tax return. To save you time, file electronically. There are several benefits to filing electronically. When you use software programs to file your taxes electronically, there are step by step guides that allow you to file your taxes quickly and easily. When you file electronically you are less likely to make any errors when preparing your return. Tax software and online programs have systems in place to alert you to any errors that may have occurred when entering your tax information. Also by filing electronically, your tax information is received quicker and your refund is processes and paid to you quicker than if you file your taxes by hand on paper. To save money on tax preparation or to file your simple tax returns for free look for Jackson Hewitt, Turbo Tax or H&R Block promotion codes.