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Turbo Tax Offers Last Minute Tax Tips

[ 0 ] Mar. 28, 2013 | SBO Editor

With less than four weeks left until the April 15 tax deadline, Intuit TurboTax® ,America’s most popular tax preparation brand, combining the No. 1 rated, best-selling online tax service and access to credentialed tax experts, offers taxpayers some simple tax tips to save time and keep more of their hard-earned money.

Go online: Taxpayers can avoid long lines and the hassle of making an appointment by going online to prepare their tax return. TurboTax offers the convenience of filing anytime, anywhere and can save taxpayers an average of $100 or more over the leading tax store. In addition, only TurboTax lets taxpayers ask tax questions exclusively to CPAs, EAs and tax attorneys, while they file their taxes, free. With TurboTax, taxpayers can file up until the eleventh hour on April 15 and get IRS confirmation that their return has been accepted.

Don’t leave money on the table: In the rush to file, taxpayers shouldn’t miss out on opportunities to reduce their tax bill. Taxpayers have until April 15 to contribute to an IRA and get a deduction on their 2012 tax return. And don’t overlook charitable contributions made throughout the year on itemized returns. Donated clothing, household goods, and even miles driven for charity can add up to tax savings.

E-file with direct deposit: E-filing with direct deposit is easy, secure and the fastest way to get a refund. The IRS expects to issue nine out of ten refunds in less than 21 days.

Need more time? Don’t panic. Taxpayers can get an extra six months to file a tax extension, until Oct. 15, 2013. However, a tax extension is not an extension to pay. Taxpayers still need to send the IRS a payment for taxes owed, within 90 percent accuracy, to avoid late penalties. To file a federal tax extension for free, go to TurboTax.com.

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Category: Features