Posted in Consumer issues, E-Filing, IRS, Money, Money Finesse, Tax, Turbo Tax
If you are a Turbo Tax customer who couldn’t e-file your tax return on April 17 due to high server volume, you will be glad to know the IRS has extended the deadline to midnight, April 19.
Millions of taxpayers trying to electronically file tax returns at the 11th hour jammed servers and some filers were turned away. The company processed more returns on April 17 than they did on peak filing day last year.
The IRS has agreed to extend the deadline for taxpayers who were unable to file because of problems with the system. Turbo Tax is a product of Intuit, Inc.
Posted in Advice, E-Filing, IRS, Internet, Money, Money Finesse, Online IRS Payment, Tax, Tax forms
1. It’s easier. Tax preparation software prefills a lot of information (especially if you get your W2 online). It’s quicker to punch in numbers on your keyboard than to try to write it all out legibly.
2. Fewer mistakes. Again, tax preparation software makes it easier by doing all the math for you. Fewer mistakes mean a return that is processed faster.
3. No missing tax breaks. The tax program you use will be loaded with all the new tax rules and allowable deductions, whereas some IRS forms this year have some deduction lines missing and taxpayers who don’t know about those deductions can miss some important tax savings.
4. It’s faster. The IRS estimates that it processes electronically-filed tax returns in half the time it takes to process paper returns.
Buying a good tax preparation software might save you money and pay for itself. If your adjusted gross income is less than $52,000, you can use the IRS’s Free File service by choosing an e-file partner company from the IRS website. Electing for direct deposit saves time too and gets your refund to you even faster.