When tax season starts again, there will be different coupons available to help you get the best deal possible on tax filing. One of the most popular tax filing products during tax season is TurboTax.
Where to Get TurboTax Discount Coupon Code Offers
Turbo Tax discount coupon codes can be found throughout the web on a variety of different websites. When tax season rolls around, you will find some amazing discounts that can lower the amount that you have to pay to file your taxes. Get up to a $20 discount here.
Discounts during tax season can be very useful, especially for those who are not expecting to get a refund but are going to have to pay Uncle Sam instead. When you file with TurboTax, you are guaranteed to get the largest refund possible.
Why File Your Taxes With Turbo Tax?
Turbo Tax is one of the most popular tax filing services. They have been around for years and have created a great reputation for themselves. TurboTax is known for their user-friendly interface and the ease of use. The best part is they even have professional tax representatives available to help you anytime that you need to have tax questions answered.
When you file your taxes with Turbo Tax, they already have a primary goal of making the tax filing process go as smooth as possible. However, when they throw in some amazing discounts it makes you worry less about how you are going to come up with the money to pay the fee for filing your taxes.
Why File With TurboTax Instead of a Tax Company?
Most tax companies and tax professionals are not going to guarantee you the largest tax refund possible nor will their discounts really help you minimize the amount that you have to pay for filing taxes in general.
The best part is Turbo Tax has a very user-friendly interface and they make sure that you get your information into the right forms by asking questions. If your employer has your W-2 available online, you can even opt to have TurboTax import your W-2, so you minimize the risk of your refund being delayed because of errors in your tax return.
When tax season comes around TurboTax should be the first company that you come to. They have the same benefits, and more, as using a tax professional or established tax company at a fraction of the cost. If you are ever stuck when using their software you can easily reach an expert tax professional who can help walk you through the area that you are stuck with.
The options to obtain health insurance will be to get it through your employer, buy an insurance plan through your state (state exchange), get enrolled in your state’s Medicaid program (if you are below poverty line or unemployed) or face the penalty of being uninsured. If you are an older citizen, you may be eligible for Medicare. If you are 30 and under however, you have two other options: stay on your parent’s health insurance plan until you are 26 or buy a catastrophic health insurance plan.
Catastrophic Health Insurance plans have been designed to help during emergencies; such as: accidents, serious illnesses, and hospitalizations. These plans usually do not cover regular doctor’s checkups or presc
Beginning in 2014, the Affordable Care Act or typically referred to as Obamacare, will require that all United States citizens obtain health insurance or face a tax penalty.
ription medicines. In general, catastrophic insurance premiums tend to cost less than other types of health insurance plans, but the yearly deductibles are usually higher. In other words, you will have to pay the first several thousand dollars out of pocket, then the insurance company will help pay for remaining medical bills.
In general, this coverage has proved to be a decent option for young healthy people, but beginning in 2014 you will only be able to buy these plans if you are younger than 30 years old. This is mandated by Obamacare. This catastrophic plan will include three annual visits to the doctor, as well as some prevention benefits. The exact price on this plan is still pending, since it will be state specific.
This is one of many big changes coming up regarding our health care system! Until 2014, you still have the option of catastrophic health insurance or a high deductible health plan regardless of your age.
You may not have the option of catastrophic insurance next year, but you do now. Go to your state run or federally run insurance marketplace frequently called Exchanges. Find out what the cost will be for you. Also, compare the costs with privately owned insurance companies found online or in your community.
The Affordable Care Act or Obamacare, had two main goals in its conception. The primary goal was to get more Americans insured and have access to affordable health care. Presently, about 16% of the U.S. population doesn’t have insurance. Obamacare will provide health insurance for many of these uninsured Americans through either Medicaid or through the state insurance exchanges with tax credits or subsidies.
Another noble goal of Obamacare was to bring down the costs of health care in our nation. The President promised that health insurance premiums for a family would be $2500 lower by the end of his first term. Instead premiums are about $3000 higher. What happened?
What happens when the Affordable Care Act takes full effect in 2014?
According to a recent report from the Society of Actuaries, our health care costs will rise 32% by 2017. Actuaries measure and manage financial risk for insurance companies. The Actuaries report estimates that 42 states could see double digit percentage increases in health care costs.
Secretary of Health and Human Services Secretary, Kathleen Sebelius, explained that cost increases were due to better insurance being offered as compared to catastrophic policies. The actuaries report also didn’t factor in tax credits and Medicaid that will reduce premium costs for many people.
The driving forces behind these projected increases are two key elements of Obamacare. The first regulation requires insurance companies to provide coverage to anyone who applies; in other words, no one can be turned down regardless of pre-existing conditions. The other regulation prohibits insurance companies from charging individuals more due to their poor health status.
Cost of Obamacare
Obamacare is estimated to cost more than $1 trillion in the next decade. How are we going to pay for this? The Obama administration began by making cuts to Medicare, a program that helps our elderly. Premiums will increase and some of us will pay more for insurance. Also, Americans purchasing individual health insurance will be paying more than their fair share of the costs of this new health care law.
New Taxes with Obamacare
Another way to pay for this health care law is by taxing the American public. A whole new set of proposed taxes have been conceived to finance this new health care program. Here is the list:
1. Hospital Insurance tax has increased from 2.90% to 3.80% on high income earners. Employers contribute 1.45% and employees contribute 1.45% unless you are a high income earner. If you make $200,000 as an individual or $250,000 as a couple, you will pay 2.35% of this tax equaling to a 3.80% increase.
2. Medicare contribution tax of 3.8% for investment income for individuals making more than $200,000 a year and couples earning at least $250,000 a year. Investments will include capital gains, interest, dividends, annuities, royalties and rents.
Most people will not be affected by this if selling their homes. The surtax only applies to $500,000 (couples) and $250,000 (individuals) profit levels they gain from selling their homes. This has to do with the capital gains exemption that President Clinton signed into law back in the 1990’s.
3. Pharmaceutical and health insurance industries will be paying new fees to fund ObamaCare over the next decade.
4. Individuals who do not get the mandated health insurance will have to pay financial penalties. Employers with over 50 employees, who do not offer health insurance, will face financial penalties.
5. Beginning in 2018 an excise tax will be imposed on “Cadillac” health plans. What is a “Cadillac” plan? A plan that exceeds more than $10,200 in premiums for an individual and $27,500 in premiums for a family will be taxed at a rate of 40% above a threshold.
6. There will be a tax penalty increase for non-allowable purchases made using tax deductible funds for HSA’s and FSA’s. This penalty will go from 10% to 20%.
7. Employers will be limited in making a tax-free contribution to an employee’s FSA. In the past employers could make unlimited contributions to their flexible savings account. Now employers can only contribute up to $2500 a year.
8. There is a new 2.3% excise tax on medical devices manufacturers or importers.
9. Medical expense deductions on your taxes will increase from a 7.5% level to 10% level.
10. Tanning salons will have to pay a 10% tax on services rendered.
The Affordable Care Act, often referred to as Obamacare, continues to be a hot topic of debate.
The Republican Party remains the most outspoken when it comes to trying to eliminate the program altogether or with multiple proposed Affordable Care Act changes. While this law was voted on back in 2010, the concern remains that Obamacare will spark a chain of events that will trickle down to the tax payer’s pockets.
Some members of Congress are working together offering some proposed changes to the Affordable Care Act. They are Sen. Susan Collins of Maine and Democrat Sen. Joe Donnelly of Indiana. They are working to adjust the definition of a “full time” employee to someone who works a full 40 hours per week instead of the current 30 hours per week. This is probably why the President decided to delay this part of the Affordable Care Act for a year.
The Affordable Care Act proposed changes will try to address the concern that employers will reduce their employees working 30+ hours a week down to 29 hours or less, to avoid the requirement. The concern remains that to avoid these fees more employers will look for ways around this penalty and that the ways around it will cause a loss of hours and money for American workers.
An employee that is currently considered part-time working an average of 35 hours per week may see their hours get cut to 29 hours per week to ensure they do not qualify as full time. While this may not sound like much it results in a loss of $60 per week for someone who makes $10 an hour and over $3,000 in lost wages annually.
Some mandates of the Affordable Care Act such as the requirement that all companies with a staff of 50 or more full-time employees must provide coverage has been delayed. The White House announced on July 2, 2014 that they are postponing this mandate until January, 2015. Although the majority of big businesses provide health coverage already, this requirement will have the most effect on restaurants, retail stores, and major hotels that hire low wage earners.
The Donnelly-Collins Affordable Care Act proposed changes aim to give Americans back their lost work hours and to significantly reduce the number of businesses that are subject to the ACA penalties.
TurboTax tax calculators are available online and you can use them for free! You don’t even need to create an account. You don’t need to be knowledgeable about taxes or tax laws.
The tax calculator is quick and easy to use. If you’re expecting a tax refund you probably want to know how big your tax refund will be right?
Maybe you’re trying to plan for a vacation, perhaps some shopping, or you may have plans to pay off credit card debt.
Tax planning and financial planning are very important aspects of keeping your life in order. TurboTax understands quality financial planning and has provided a free tax calculator to help your estimate your income tax return.
TurboTax tax calculators ask simple questions in plain English. As you enter your answers your tax refund will display right in the screen to show you how big your tax refund will be. If you should decide to prepare and file your taxes with TurboTax you are guaranteed the biggest tax refund possible!
Please visit our TurboTax tax calculators page for more information about the tax calculators and estimators. TurboTax online has three different tax calculators and they also have an app for the iPhone to estimate your tax return!
Are you searching for more information about TurboTax Home & Business? There are several versions of TurboTax software and choosing the correct edition for you is simple and easy just like using the tax software. Please visit the TurboTax Home & Business page to learn more about all of the benefits of this tax software edition.
TurboTax Home & Business is the perfect choice if you are a sole proprietor, consultant, 1099 contractor, or single member LLC. There are several other life situations which would make TurboTax Home & Business a perfect match for you. The tax software from Intuit TurboTax asks simple questions in an interview style which is so comfortable for us to understand.
No fancy tax jargon language is ever used so, you will feel totally confident preparing and filing your tax return by yourself, on your time schedule. Speaking of time, TurboTax Home & Business understands you are a very busy person. Time savers are incorporated into the tax software features.
TurboTax Home & Business will automatically fill in your W-2 and 1099 tax information. You will be able to get your W-2 and 1099 data directly from over 100,000 employers and financial institutions who participate. Here’s another time saver. TurboTax Home & Business will automatically place the W-2 and 1099 information in the right tax forms for you! Now that’s what I call easy. Please visit the TurboTax Home & Business page to discover many more tax benefits waiting for you!
Would you like to know more about TurboTax Premier? TurboTax offers several different versions of their award winning tax software. So, how do you know which tax edition is right for you? You can get details about the Premier edition by visiting our TurboTax Premier page.
Do you own rental property? Did you sell stocks, bonds, mutual funds, or an employee stock plan? Are you the beneficiary of an estate or trust? TurboTax Premier will be perfect for you if you answered yes to these questions.
Do you see how simple this is? TurboTax will guide you right into the perfect tax return for you by asking questions in a simple interview style. Now how easy is that? We’re all looking for the easy button and it’s right here!
Now there are some life situations where another TurboTax edition would be better suited for you and you simply ask yourself a few questions to get pointed into the right direction. If you start out with a version of TurboTax and the tax software realizes another version would benefit you even more you will be prompted to make the switch. Don’t worry, all of your information will be transported right over for you. Now there’s a real time saver! Please visit the TurboTax Premier page to discover all of the benefits waiting for you!
Are you looking for information about TurboTax Deluxe? TurboTax Deluxe tax software is perfect for you if you own your own home, or if you have significant education or medical expenses. TurboTax Deluxe is also the right tax software edition for you if you have made charitable donations, or have childcare expenses. TurboTax Deluxe is also the correct edition of tax software for you if you have a lot of tax deductions.
There are other life situations when another edition of TurboTax would be better for you. Please visit the TurboTax Deluxe page to learn more about this edition of TurboTax. You will certainly benefit from this amazing tax software.
You have the choice of using the online tax software or you can purchase the CD to download. It doesn’t matter which version you choose because either way you are going to have the best possible tax return you can have. You are guaranteed the biggest refund possible and complete accuracy. This is just the beginning of what you will have when you use TurboTax Deluxe. Please visit the TurboTax Deluxe page to discover all of the benefits waiting for you!
TurboTax Basic is the perfect tax software edition for simple income tax returns. TurboTax Basic is the right choice if you’re looking for special guidance as a first time user or if you would enjoy the benefits of step by step guidance as you prepare and file your income tax return.
Please visit the TurboTax Basic page to learn more about the advantages of using the TurboTax Basic edition tax software. If you don’t own a home or have child care expenses you are most likely the perfect candidate for the Basic edition of TurboTax.
If you’re not sure which edition of TurboTax you should use you have absolutely nothing to worry about because TurboTax will notify you if another edition would offer you more benefits. Any information you have already entered will be moved right over for you and will save you the time and hassle of having to re-enter your tax information.
TurboTax has thought of everything. The tax software developers at Intuit TurboTax have your precious time in mind and they don’t want to waste one minute of your time. Time savers are part of the tax software and you will be delighted with the simplicity and time saving techniques incorporated into the tax software. Go visit the TurboTax Basic page to learn more!