TURBOTAX FREE FEDERAL EDITION GET YOUR GET BIGGEST REFUND FAST TurboTax is the #1 rated, best-selling tax software year after year. It’s the most trusted in the United States. When it comes to tax time, you can count on the accuracy and ease of use of TurboTax. E-filing is possible with TurboTax...

Earned income is subject to federal taxes. A  To legally reduce the tax liability owed on earned income, taxpayers can claim deductions and tax credits when filing their annual tax return.  There are several tax deductions which lower the amount of income subject to tax, with taxpayers having a...

Most people can deduct some or all of their IRA contributions, which means there is often some scrambling right before the tax deadline as people make their IRA contributions!  For the tax year 2010, people get an extra weekend to contribute to an Individual Retirement Account (IRA) and still deduct...

When it comes to the collection of taxes owed, the IRS treats all individuals equally. A  This means everyone must abide by the same rules and regulations and are subject to the same penalties.  It is important for students who receive income to understand these rules, regulations and penalties...

Did you make energy efficient home improvements in your home during 2010 or purchase an energy efficient vehicle? If you did, do you know that you may qualify for a credit on your 2010 income tax return. If you purchased and installed certain energy efficient items in your home last year or bought a...

Did you pay someone to watch your child, spouse or other dependent during the 2010 tax year? If you did, you may be eligible for the Child and Dependent Care Tax Credit. Paying for child care or dependent care is costly so this is definitely one credit you won’t want to miss. Of course, in order...

The 2011 deadline for filing tax returns is just around the corner.  For individuals who have yet to file taxes, it is important to make sure you do not miss this deadline to avoid potential negative consequences.  For many filers, tax season is a stressful time of year, when gathering...

Millions of taxpayers are getting ready to prepare and file their annual income tax return, many of whom are experiencing stress or anxiety over the entire process.  Tax season doesn’t have to be a stressful event.  The more you know about preparing your income tax return, the less likely...

Most American taxpayers know that their tax returns must be filed by April 15th each year.  There are occasional exceptions when the deadline for filing your tax return falls on a day other than the 15th, with 2011 being one such exception.  This year, filers will have until April 18th to...

If you are a taxpayer and have a disability or have a child or other dependent with a disability you may qualify for numerous tax deductions and credits when you file your income tax return. Here is a look at the different benefits and what you need to know. Increased Standard Deduction: If you are...