TurboTax Offers Last Minute Tax Tips to Save Time and Money
SAN DIEGO--(BUSINESS WIRE)-- With less than four weeks left until the April 15 tax deadline, Intuit TurboTax® (Nasdaq: INTU), America’s most popular tax preparation brand, combining the No. 1 rated, best-selling online tax service and access to credentialed tax experts, offers taxpayers some simple tax tips to save time and keep more of their hard-earned money.
Go online: Taxpayers can avoid long lines and the hassle of making an appointment by going online to prepare their tax return. TurboTax offers the convenience of filing anytime, anywhere and can save taxpayers an average of $100 or more over the leading tax store. In addition, only TurboTax lets taxpayers ask tax questions exclusively to CPAs, EAs and tax attorneys, while they file their taxes, free. With TurboTax, taxpayers can file up until the eleventh hour on April 15 and get IRS confirmation that their return has been accepted.
Don’t leave money on the table: In the rush to file, taxpayers shouldn’t miss out on opportunities to reduce their tax bill. Taxpayers have until April 15 to contribute to an IRA and get a deduction on their 2012 tax return. And don’t overlook charitable contributions made throughout the year on itemized returns. Donated clothing, household goods, and even miles driven for charity can add up to tax savings.
E-file with direct deposit: E-filing with direct deposit is easy, secure and the fastest way to get a refund. The IRS expects to issue nine out of ten refunds in less than 21 days.
Need more time? Don't panic. Taxpayers can get an extra six months to file a tax extension, until Oct. 15, 2013. However, a tax extension is not an extension to pay. Taxpayers still need to send the IRS a payment for taxes owed, within 90 percent accuracy, to avoid late penalties. To file a federal tax extension for free, go to TurboTax.com.
Intuit TurboTax is America’s most popular tax preparation brand, combining the No. 1 rated, best-selling online tax service and access to credentialed tax experts. Available online, mobile and on the desktop, TurboTax helped more than 25 million people last year keep more of their hard-earned money. For more information, visit the TurboTax press room, like us on Facebook at www.facebook.com/turbotax, follow us on Twitter at twitter.com/turbotax, or visit our blog, Tax Break: The TurboTax Blog, at blog.turbotax.intuit.com/.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.
Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year 2012. The company has approximately 8,500 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at http://www.intuit.com.
Intuit and the TurboTax logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Live tax advice is a free service available year round via phone or live chat. Restrictions apply. Experience levels, hours of operation and availability vary and are subject to change without notice. See http://www.turbotax.com for details.
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