Tax Software Coupons & Deals
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Just when everyone was starting to get comfortable with the annual chore of tax filing, things changed.
One of the biggest changes in the recent tax reform bill was the update to income tax brackets and marginal tax rates.
Taxes are always confusing enough, without the added stress of figuring out which tax software is the best tax software!
These software options are actually free, at least for filers with simple returns.
Tax Filing Coupons
Tax Preparation
Free Tax Software
Jackson Hewitt
Small Business Tax Software
Free Student Tax Filing
e-file.com
TurboTax
TurboTax Deluxe
Do you need tax software after the Tax Reform Changes of 2018 ?
With the New Tax Plan, Will You Need a Tax Preparer?
if you’ve used a tax preparer for years to do your taxes, you may as well wonder if this is the year you can let that person go and do them on your own.
‘file their taxes on a single, little beautiful postcard”‘
Tax experts generally agree that won’t be the case.
Still, for some average taxpayer’s, filing should be easier compared to earlier years. For many, it’ll be about the same. For some of you, it’ll be tougher.
Many average tax payers who had been itemizing deductions will now be taking the bigger standard deduction as it has doubled, and so they won’t need to value charity contributions, won’t need to dig up property tax bills and won’t need to figure how much in mortgage interest they paid.
In addition, the miscellaneous tax deductions have been repealed, so even those who itemize will find the form to be shorter and simpler.
Is this good or bad news for tax filers?
This year, it’s good news! Lower marginal tax rates means you can pocket more money from your paycheck!
Not only will you have a lower tax rate this year compared to earlier years, the shift in tax brackets also removes what used to be an tax penalty for married filers.
Is this good or bad news for tax filers?
This year, it’s good news! Lower marginal tax rates means you can pocket more money from your paycheck!
Not only will you have a lower tax rate this year compared to earlier years, the shift in tax brackets also removes what used to be an tax penalty for married filers.
Standard Deduction vs Itemized Deduction
When you pay taxes, you have the option of taking the standard deduction or itemizing your tax deductions.
Itemized deductions include a range of expenses that are not otherwise deductible.
Common deductible expenses include :
- Home Mortgage Interest
- Your state and local income taxes
- Local Sales tax
- Property Taxes
- Real Estate Tax
- Medical and Dental expenses
- Charitable donations you make
- Deductible Business Expenses
- Business Travel Expenses
- Interest Expense
- Teacher Educational Expenses
- Student Loan Interest
- Tuition and Fees Deduction
- Gambling Loss
- Miscellaneous Expenses
Itemizing is more of a hassle, but it’s worth it if your itemized deductions exceed the amount of the standard deduction.
When deciding whether to itemize or not, you need to remember that you will be giving up the standard deduction if you Itemize.
Generally itemizing your deductions can maximize your tax savings.
Too many blogs and web sites are trying to compare some of the widely used tax-preparation software packages to help you choose the one that’s right for you and your tax! really ??
For most tax compare websites, profit is the main motivator for generating profit from click referrals.
The tax code for all americans are the same, so why different prices for tax software ?
You normally end up paying the brand premium and/or paying for stuff you don’t need.