Intuit Comes out With TurboTax for Health Care

Select the right Health Insurance Products: TurboTax Health Software by Intuit makes it easy for consumers to understand different health care options offered by Affordable Care Act (ACA).

Through their tax preparation software, TurboTax, Intuit has played an important role in simplifying the tax preparation process for the American tax payers. The same group is now coming out with software, TurboTax Health that lets American consumers understand the different health insurance coverage options available under the recently funded Affordable Care Act (ACA).

Icon from Nuvola icon theme for KDE 3.x.
Icon from Nuvola icon theme for KDE 3.x. (Photo credit: Wikipedia)

U.S Consumers can get in to the online portal of TurboTax health by following the link www.TurboTaxHealth.com . This tool is free to use and provides an interactive experience for the users by providing all the required information through an interview like conversation tone. Users would be able to appreciate the various features of ACA and what it has in store for the uninsured Americans.

Turbo Tax Health helps the American consumers in choosing the right medical insurance package that fits a particular individual in all aspects. Turbo tax Health comes with a detailed guide that contains explicit details regarding the various insurance options available to choose from. This product from intuit poses relevant questions to the consumer and gets their responses. Based on the user responses, the TurboTax health lists all the recommended health insurance options to the user. Turbo Tax primarily helps consumers to get answers to the following three important questions related to Affordable Health care.

1.Ascertain whether the American consumer would be applicable for 2013 Tax rebate and buy Health insurance option at discounted rates

2.Get the required clarification on how much it would cost an average American Consumer to buy an affordable Health care plan

3.Understand the possible consequences of not taking a health insurance policy

Once the individual has decided to purchase a specific health insurance plan, TurboTax Health would automatically connect the user with the state and Federal Level Health Exchanges. Users would also be provided access to the online portal of eHealth, America’s leading private health insurance market place.TurboTax health provides detailed answers to the individual questions raised by the individual on various aspects related to health insurance buying through its social community platform, called the AnswerXchnage Community.

About Intuit Software

Intuit Software has been in the business of creating financial management solutions for small business owners, individuals and accountants. TurboTax main product range includes QuickBooks, Quicken and TurboTax. These products makes it easier for small business owners and accountants to carry out payroll processing, personal finance planning and Tax Preparation and Filing. Intuit has around 8000 employees and has its presence in United States, Canada, United Kingdom and India among other countries.

TaxCaster: The Mobile Tax Calculator For Taxpayers

TaxCaster: The Mobile Tax Calculator For Taxpayers

Tax calculators are popular tools for consumers these days. Before filing one’s taxes, a person can take advantage of a calculator. Such tools require some personal and financial information in order to generate a tax refund estimation. An individual will know in moments whether they owe money or will be receiving money from the Internal Revenue Service. With that in mind, TaxCaster from TurboTax is the best option available.

The national debt clock outside the IRS office...
The national debt clock outside the IRS office in NYC. (Photo credit: Wikipedia)

Currently, TaxCaster is available for iOS and Android devices. A smartphone user can download this app in minutes and start using it right away. The app asks for basic information upon the first use and subsequent uses. Such information is necessary to figure out a person’s tax situation. After a user enters their annual income information, the app will return a rough estimate of their tax refund or dues.

There are plenty of other tax calculator options on the market. Unfortunately, most of them don’t provide accurate responses for taxpayers. TaxCaster is known for its accuracy and simplicity. Other programs, especially mobile apps, don’t really stack up to TaxCaster right now. The average tax calculator asks for a lot of extra, unnecessary personal information, too. No taxpayer should be forced to divulge such information.

TaxCaster offers plenty of benefits over the competition. As a tax calculator, it requires only moments to receive a refund estimate. Customers will immediately know whether they owe money to the IRS, too. In the end, a tax calculator like TaxCaster is a fantastic option for most taxpayers. Anyone with a mobile phone or Internet access can utilize this app with ease.

Strange But Legitimate Tax Deductions from TurboTax.com

Strange But Legitimate Tax Deductions from TurboTax.com

Tax season is anticipated by some and dreaded by others. For accountants and tax professionals, however, it can be a time of amusement. Tax professionals are used to helping people get the maximum deductions on their taxes, but there are some deductions that take the cake. TurboTax professionals often highlight the odd, but legitimate, tax deductions that they see every year.

A boy in a children's swimming pool.
A boy in a children’s swimming pool. (Photo credit: Wikipedia)

Fido’s New Pad Can Pad Your Refund

Did you know that you can claim a deduction for moving expenses for your pet? If you are relocating for a new job, you can deduct the cost of your moving expenses, including extra expenses incurred to move your pet.

Swimming in Cash

Many people think of swimming pools as expensive investments that drain money from your bank account. If you, however, have a medical condition that is relieved through swimming, you may be able to deduct the cost of maintaining your pool as a medical expense.

Lose Weight, Gain Money

If your doctor has recommended weight loss as a means to improve your health, you may be able to deduct the cost of medical weight loss treatments.

Your “Enlargement” Can Result in a Refund Enlargement

An exotic dancer was able to claim breast enlargement surgery as a business expense. She argued that enhancing her appearance allowed her to earn more money in her business.

Tax professionals see it all between January and April. When you are ready to file your taxes, the professionals at TurboTax.com can help you to get every deduction and the maximum refund on your taxes.

An End To Charity Tax Breaks?

For a long time those who have contributed to charity have been able to see a benefit in terms of a lower tax bill. For British taxpayers this era may be coming to an end with Chancellor George Osborne seeking to close what he sees as a loophole.

With the current government having come to power partially on a platform of “the big society”,  a move to curb philanthropic donations seems slightly surprising. The idea of the “the big society”, as far as anyone was able to divine, was to replace aspects of the public sector with work by the charity and voluntary sectors.

It is not proposed to end tax relief for charitable donations altogether, but rather for there to be a cap put in place. There has been criticism of this proposal however, with many pointing out that wealthy individuals are donating much more to charity than they are saving on their tax bills.

Dodgers

There can be little doubt that tax chiefs see a problem in the way that things stand at the moment. Through canny accounting the amount income tax paid some of the wealthier Britons is thought to be just around ten percent.

While low tax returns are obviously a concern for the government, it is far from clear that this is a problem either for society or the economy at large. For instance large amounts of money are given to fund medical research and to help vulnerable groups. At the same time the argument against the 50p tax rate was that it is a force stopping the job creators from creating jobs, and surely that would also apply to any measure designed to increase the tax take from the wealthy.

Tax Planning

Minimising the amount that you pay in tax, within the law, is perfectly legitimate – by definition.  Planning your tax affairs in a way that makes sense for you does not make you a ‘cheat’ or a ‘tax-dodger’. Indeed if you cannot even be bothered to take the allowances you are entitled to with regards to your own money, should you be trusted with other peoples, for instance in a work situation.

It is perhaps true that the tax system is too complicated. It is very hard for the individual to avoid being ripped off by the taxman. In order to get the best deal it is often necessary to involve accountants and other professionals who are knowledgeable in the field.

Whether Osborne’s reforms go through as planned or not the British tax system, like all others, will continue to have its idiosyncrasies, and there will continue to be ways to avoid being stung for the full whack when it comes to tax time. Hopefully also charitable donations (which have fallen in recent years) will continue to be made.

Pamela Chimbonda wrote this content on the behalf of Adam & Co. who specializes in private wealth management.

There’s an App for That: Taxes from Your Phone

We do pretty much everything from our phones these days, turns out, taxes are no different. Accountants and techies are combining forces as new ways develop for those who choose to file from their phone. From an easier way to track and report expenses to hand-held glossaries and customer service, exploring ways to file from your phone will change the way taxes get done.

Tracking Expenses

Deducting expenses is essential for businesses owners or the self-employed. Keeping track of those expenses however can be incredibly cumbersome. Travel, meals, supplies, and mileage really add up and the ability to immediately input related data and transfer that information to taxes can keep things clear and easy when the time comes to report.

  • iXpenseIt offers password protected expense tracking which can be programmed and stored in customizable categories.
  • ShoeBoxed integrates snap technology and expense reporting into one package. The app allows users to snap photos of receipts and upload them into an organizationally customizable online platform.
  • TripCubby provides the ability to track and record mileage and other travel data. The data collected can be exported into Excel using email or automatically added into deduction categories in the app itself.

Estimates

Mobile devices are especially handy for retrieving pertinent information for those who need an estimated income tax return but lack the actual W-2. Tax Caster by TurboTax doesn’t require exact figures to calculate return estimates which enable users to fulfill tax-based qualifications or anticipate amounts of returns without having to retrieve the actual tax information this includes more in-depth tax issues such as deductions related to family size, properties, alimony, and vehicles.

Much like expense reporting for businesses, keeping track of personal donations and other charitable activities is essential. A group of accountants created the iDonatedIt app which generates an itemized list of donated items, values and the date and location at which they were dropped off. Additionally, the app supports snapped photos of the donations which can be uploaded via email.

Questions and Support

Taxes can get confusing, particularly for those with more tax materials than the basic W-2. H&R Block has created the Tax Answers app which allows for a chat-based Q&A with their representatives. The app also provides FAQ categories and checklists as well as a handy glossary.

  • Internal Revenue Code (IRC) app by LawToGo.net is aimed at professionals or filers with complex returns and contains a searchable database of the various codes determined by the IRS.
  • TaxMama is an app which generates a costume tax calendar to suit various filing needs for those with different tax forms which carry different deadlines.
  • IRS2Go, produced by the IRS allows users to check the status of their filed tax return and refund while also providing information on pertinent updates.
  • MyTaxRefund by TurboTax can also track tax refund status, determine whether the return was accepted or rejected by the IRS and produce the expected date of refund arrival.

Filing

Phones have turned actual filing into a snap. Particularly with SnapTax which fills out the 1040EZ form using a snapped photo of a W-2. The information is filled automatically and can be filed after review. However, SnapTax is currently available only for Californian 1040EZ filers.

Katei Cranford is a freelance writer and tech lover who insists on filing taxes properly and helping others do the same.

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Save Yourself Money by Taking Advantage of TaxACT

Save Yourself Money by Taking Advantage of TaxACT

TaxACT is a great tax service that you should take advantage of. It does not require any download or purchase, simply sign in and answer some questions to have your taxes done for you. Not only will this save you the $30-$100 most tax companies will charge you, but TaxACT also uses the best up to date programs to ensure that you will get the largest refund possible.

Saving yourself the unnecessary fees other companies charged would not be worth the investment if the service you receive is not the best … Read more at 2009 Tax.

Save Yourself Money by Taking Advantage of TaxACT

TaxACT is a great tax service that you should take advantage of. It does not require any download or purchase, simply sign in and answer some questions to have your taxes done for you. Not only will this save you the $30-$100 most tax companies will charge you, but TaxACT also uses the best up to date programs to ensure that you will get the largest refund possible.

Saving yourself the unnecessary fees other companies charged would not be worth the investment if the service you receive is not the best you can possibly receive. TaxACT uses up to date software that will get you all of the latest exploits available with the newest rules. There are also many different programs that will guide you to the biggest return as you are answering the questions in the simple interview used to gather important tax information. TaxACT has a special Examiner series handling Income, Deductions, and Credits, savings and loan calculators, and alerts that let you know if you have overlooked any potential savings. Even complex tax returns are comprehensively and accurately handled through TaxACT’s detail oriented and automated programs. This is all to ensure that no detail is overlooked and no potential money is lost in your rebate.

TaxACT pledges that you will get the most money possible for your refund and follows through with a series of programs in place so not a single dollar is missed. TaxACT is also an entirely free service that, while every bit as effective as a pay tax service, will also save you a completely unnecessary fee.

By both offering the most effective tax services possible to ensure the highest refund and doing it at a cost of absolutely nothing, TaxACT will make sure that you walk away from this tax season with more money than with any other tax service.