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Millions of Americans file their income tax returns electronically by using TurboTax online tax software. The TurboTax release date for 2020, 2021 will be early December, and when it comes out it will make available many excellent features for hassle-free and efficient online tax filing.
When you’re doing your income taxes, you will require a number of forms and probably the most significant one is the W-2 form. TurboTax Online will find and import your W2, which allows you to file your taxes as soon as your W2 is available.
TurboTax will also provide you with confirmation that your tax return was submitted to the IRS and the computers at the IRS received your tax return.
You get advanced tools to help you pay the least amount of tax possible. You also get an accurate tax return to file with the Internal Revenue Service (IRS) and your State.
See How Much Your Refund Will Be
Use the free tax refund calculator from TurboTax to find out how much you can expect from your tax refund this year within just a few minutes. Tax Planning is smarter with the help of these tax calculators.
TurboTax can help you file your taxes accurately by guiding you like a GPS through the tax forms. When you’re done, the program will check for errors. After running the error check, remember to print a copy of the results to keep.
TurboTax can help everybody from the first time tax filer who uses the tax form 1040ez all the way to the president of a corporation who needs all of the correct tax forms for partners, contractors, shareholders, and employees. They do thousands of error checks before you file your return, so you can be confident knowing your taxes are done right.
Prepare and Organize – Even though TurboTax asks you simple questions to assist you during your tax preparation, having your documents together will save you time and make the process faster. Take some time and get all your paperwork together, forms, receipts and checklists for your taxes.
Be prepared for when your W-2 and 1099s come in by keeping an empty folder by your mail. When you get the documents file them right away.
Remember What You Did – To help you get a bigger refund do not forget your expenses related to job search, day camp for kids, charity donations, medical expenses, just to name a few. Be sure to have the receipts at hand when you go online to prepare your taxes.
Take Advantage of One More Available Tax Deduction – By putting more money into your nest egg, for example an IRA can increase your tax refund. You have until the day you file your taxes to contribute for the current year.
Double Check Social Security Numbers – It is very important you make sure that you have the correct social security numbers for yourself, spouse, and dependents. Having an incorrect social security number can cause you to miss out on valuable tax deductions and credits.
Do not wait to file – You should file your taxes with TurboTax as soon as your W2 is available. 75% of taxpayers received a refund close to $3,000 last year.
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