How to Find Your Tax Assistance?

How to Find Your Tax Assistance?

It could be a nerve-racking experience to organize your taxes. That’s why many people prefer to have some assistance in their tax preparations.

During your tax filing, you can always find an expert who can help you with that job. Look for somebody who has got very good knowledge of tax preparations. You can find various types of assistance regarding this from people with different specializations.

Tax preparer

Tax preparers have good expertise in tax filing. These people are trained professionals for tax preparations and filing returns.

Enrolled agents

The enrolled agents can even present an assessment of your taxes apart from preparing them. They are more advanced than tax preparers. However, different agents will have different levels of skill set and work ability.

Certified public accountants

Above and Beyond preparing your taxes, a certified public accountant (CPA) can help you in reducing your tax payments. Their service charges are much higher. They sometimes charge on hourly basis and you may even have to pay USD 200 to USD 300 per hour. However, most of them are worth paying that charge. You can get to know all necessary details about taxes from the CPAs. They provide ways for you to save money on taxes legally.

While deciding which type of assistance to choose, you should first look at your financial situation. In the case that you have a small annual income, then it’s better not to hire a professional with a bigger service charge. So you can choose the one that fits your budget.

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Pay For College With Tax Credits

Pay For College With Tax Credits

When the American Recovery and Reinvestment Act (ARRA) was passed in 2009,early in the Obama administration’s tenure, it expanded the popular Hope tax credit for students attending college. This tax credit was designed to help offset college tuition expenses as well as other college related expenses.

Tuition and fees are the main areas that you may claim the credit for. Higher education purchased in 2009 or 2010, primarily, at any level of tradition college, years one through four. The credit is now called the American Opportunity credit and has increased by $700 to $2,500.

The other qualified expenses covered include books, supplies, and equipment. Anything that is required for the classes that you or your student are taking. A new laptop would be a nice way to spend the tax credit. To get the full amount of the $2,500 tax credit, a student needs to spend $4,000 on higher education during the year as the 2nd $2,000 is paid out at 25% of the expense.

There is a phase out if you earn over $80,000 or you and your spouse earn over $160,000, but $1,000 of the $2,500 is refundable beyond any tax that you might owe. IRS Form 8863 is the form you should complete when you prepare your taxes to claim the American Opportunity credit this year.

Discover the #1 Way to Reduce Your Taxes

Do you Understand the Tax Changes in the Recovery & Reinvestment Act?

The Federal Stimulus Bill has made many changes to the way taxes need to be filed for everyday people like you. If you were or are unemployed than you definitely can’t afford to pay taxes on unemployment benefits that might not be due and you definitely cant afford to hire a tax professional to file your taxes. What you can do is use the quick and easy, proven TurboTax program that is updated to include and apply all changes made under the Federal Stimulus Bill that may apply to you!

Discover the #1 Way to Reduce Your Taxes

Tax credits are essentially easy ways that will greatly reduce the amount of taxes you are expected to pay. When you earn a tax credit, the amount comes straight off the top of your income. Do you know about all the new tax credits on the IRS platform? Of course not and Uncle Sam doesn’t make it easy! By using TurboTax to fill out and file your taxes you are being equipped with a powerhouse of knowledge about new tax credits as well as other areas of tax laws that can prevent your from over paying or not getting the refund you deserve! The best part is you can do it from your own home and TurboTax is designed to walk people step by step through the entire process. The easy question and answer series makes filing your taxes and earning your tax credits simple!

Free Federal Tax Filing from the Biggest Name in Online Preparation


Free Federal Tax Filing from the Biggest Name in Online Preparation

Intuit’s TurboTax is now offering free online tax filing for your simple federal tax return. Get free preparation, free printing, and free eFiling if you are filing a 1040 EZ form this tax season. You are guaranteed to get the biggest tax refund available based on your personal information. Answer simple questions about your tax situation, get the best refund available by a complete review of every credit offered and file your return online for free so you get your money back in as few as 8 days.

Help and Tax Savings Tips

With your Intuit TurboTax return you’ll also get the best in help and tax savings tips. Intuit provides a Live Community where you can ask other users for real time answers you need and when you need them. While completing your tax return, TurboTax also provides you with tips and help specific to the area you are working on. And if you’ve had an event that will make a difference with your return like purchasing a new home, becoming a parent, or changing jobs, TurboTax Federal Free Edition will explain how the change has altered your return and your refund.

So if you are looking for the best tax preparation software available on the market today and are filing a 1040 EZ tax return, TurboTax Federal Free Edition is the best option for you to prepare, print, and file your free federal tax return.

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ARRA Provides Tax Benefits to Consumers

ARRA Provides Tax Benefits to Consumers

The American Recovery and Reinvestment Act of 2009 provides a number of tax benefits to consumers that are worth looking into if you fit into one of these categories and can take advantage of the tax credit according to the IRS. Purchasers of cars and homes should look into two of the tax credits and the unemployed get a generous tax credit also.

1. Making Work Pay Tax Credit: Most Americans saw an increase in their take-home pay in early April but should double check their withholding to make sure they are paying enough in taxes.

2. First Time Homeowner Credit: Homebuyers who purchase a home in 2009 can get a credit of $8,000 with no payback requirements.

3. New Vehicle Purchase: If you purchase a automobile in 2009 you can deduct taxes associated with the purchase including sales tax.

4. Unemployment Benefits are Tax Free: Up to $2,400 of unemployment benefits are tax free in 2009.

5. Health Coverage Tax Credit: This credit used to be 65% but has been increased to 80%. More people are eligible now so take a look at the Health Coverage Tax Credit for more information.

TaxAct Online Standard

TaxAct Online 2013 Standard

If you are looking to prepare, print, and file your tax return electronically this tax season all for free, TaxAct Online 2013 is the software you will want to use for both a complex and a simple return. And TaxAct will guarantee that your refund is the maximum refund allowed.

Supports All 1040 Tax Forms

Weather you are looking to file the 1040EZ, the 1040A, or the full length 1040 tax return, TaxAct Online supports all three forms and allows you to electronically file (eFile) each form for maximum speed and efficiency. With TaxAct Online you can get your return in as few as 8 days.

Least Expensive State Returns

TaxAct Online provides one of the least expensive state return options you will find. For $13.95, TaxAct Online will prepare, print, and eFile your state return directly with your state. Your federal tax information will be imported for you making the state return simple and accurate. And when you eFile your state return, you will receive confirmation from the state as proof that you have filed your taxes.

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