A recent decision by the federal government to extend the amount of time to file income taxes has generally met the similar response from the state governments. In order to truly ease the process of filing taxes, limit the cost, and ensure social distancing, many states followed the federal deadlines...

Due to the pandemic sweeping across the globe and the country, the Treasury Secretary Steven Mnuchin announced that the IRS is postponing the tax deadline this year by 90 days, from April 15 to July 15. Please note that the situation has been pretty dynamic, so check for any updates...

In today’s address from the Oval Office, the president Trump spoke about the government’s plan in the upcoming days to take on the coronavirus, and the steps to alleviate the pressures the virus created for many. Besides the 30-day ban on travel from Europe (the US citizens would be exempt),...

According to the IRS, roughly 20% of Americans who qualify, do not claim Earned Income Tax Credit (EITC). Every year that translates to billions of dollars that are left unclaimed. The EITC is a refundable tax credit that reduces your tax liability. If the EITC you qualify for is greater...

Many of us have moved or will move between the states in the future. Even though there may countless reasons for that, one common outcome is the payment of taxes in more than just one state. Given than the U.S. tax system is thousands (!) of pages long, it is...

QuickBooks (QB) is one of the top choices for small businesses to do their accounting. It is also very integrated with TurboTax (available with a popular bundle discount) as it tracks many job-related costs that have a significant impact come tax reporting time. QB has evolved over time and has...

This year’s TurboTax Online product selection is relatively narrow, and that is a good thing. In prior years, TurboTax may have experimented by expending or shrinking the available options. It appears the experience has yielded the optimal portfolio that is easy to understand and not overwhelming. Even a quick glance...

While reviewing the recent product offerings from TurboTax, I have come across a tool they put out to identify tax deductions for different classes of self-employed professionals. While some write-offs are more common, such as mileage or office expenses, TurboTax created an easy list to check which expenses you can...

The IRS will start accepting our tax returns soon and here is a summary of what’s available this year from the leaders in online tax filing: TurboTax and H&R Block. Note: There actually seem to be too many products available making it difficult to make a decision, which one to...

TurboTax has just rolled out a new promotion towards an estimated 60 million taxpayers who file taxes on form 1040A or 1040EZ. It is called the Free Edition and it’s free to file state and federal. Additional features of this special tax deal include: Preparation of Affordable Care Act forms....