Is TurboTax 2014 the best choice for you?
The software development team at TurboTax has been busy grinding away to improve enhanced features in their 2014 tax software lineup.
TurboTax 2014 online tax preparation software takes on a whole new grind to simplify your efforts as it reconfigures and recalculates entries, instantly comparing different tax scenarios as it chooses the best path for your maximum refund.
TurboTax will also evaluate your 401K contributions
to estimate how much you can contribute before it affects your
take-home pay. This is a useful tool that can help take the
stress out of the tax season. Quickly within seconds you can evaluate
your tax choices to ensure your making the best decision.
Fact is, top online programs like TurboTax give you a guarantee of getting you the maximum refund possible per your individual tax situation. It thoroughly maximizes your deductions to reduce tax liability.
With the economy still in its slow, slow, slow recovery mode, many believe the worst could still be in front of us. Today there is a wide range of tax changes that deal with credits, deductions, and tax rate changes you should be aware of. TurboTax 2014 is a great tool to help you better understand the tax law changes that are coming and how to plan ahead to lower your income tax liabilities. Some of these changes may be up in the air, but on the whole taxes are going up due to our deficit and the disgustingly poor political management of our economy.
Some of the tax law changes covered in TurboTax 2014 Editions:
For 2014 the proposed budget aims to raise approximately $580 billion in revenue through new taxes, limits on deductions, and other tax proposals. One big part of the revenue proposal is the so-called Buffett rule, which would ensure that households with income over $1 million pay at least 30% of their income (after charitable donations) in tax.
The Warren Buffett proposal
name derives from Buffett's observation that his effective tax rate
is lower than his secretary’s. The White House describes this as
preventing millionaires from taking advantage of special provisions
to pay taxes at lower rates than many middle-class families.
This is influenced based on
another proposal that intends to limit the value of tax deductions
and other tax preferences. This would affect married taxpayers
filing jointly with income over $250,000 and single taxpayers with
income over $200,000. This proposal would limit the tax rate for
taxpayers to be able to reduce their tax liability to 28%. This
limit would apply to all itemized deductions; employer-sponsored
health insurance; retirement contributions; foreign excluded income;
tax-exempt interest; and certain above-the-line deductions.
TurboTax Desktop Download and CD Installation Software Editions >>
While many tax law changes will effect many, or all of us, TurboTax 2014 tax software editions are set to make sure you get every opportunity to take every deduction possible in order to guarantee you your biggest refund, or lowest tax bill possible.
Rest assured, if your using the top rated product for you tax filing this year - you will come out ahead!
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