Discover the #1 Way to Reduce Your Taxes

Tax Act

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 … Read more at 2008 Taxes.

Tax Act

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!

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 … Read more at 2008 Taxes.

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.