Staying on top of your tax liability in the new year requires the knowledge or product to insure your not paying more taxes than you should be paying. TurboTax 2019 is the perfect solution to insuring you every tax break possible.
With the national debt soaring to record levels, and our government continuing on its greedy path of special interest favors and tax breaks for the rich, there's no doubt the working class will need to work harder to insure a fair break. If that really exists anymore...
Calculating your tax estimate with TurboTax 2019
With all the features today's tax software programs have there is one that seems to get used a lot all through the year. The TurboTax TaxCaster is a great tool that lets you estimate your taxes owed any time of year. There are many great reasons to use this tool often throughout the whole year including:
- To check your income status in an effort to keep from paying too much in to Uncle Sam and make sure that an overpayment isn't earning him interest instead of being in your bank account earning you the interest instead.
- To calculate your taxable income and insure your paying enough in so that you wont be charged a penalty, or interest charge by the IRS for underpaying your withholding or quarterly tax payments on time.
- To get a read on where you stand with the IRS and your taxes in order to plan better for setting aside funds needed to pay your taxes, or, planning on what to invest in with your refund.
Overall this TurboTax TaxCaster tax Calculation tool is a great feature that can be very helpful all year long in helping you prepare properly so that there are no shocks to your sanity come tax season.
Use TurboTax 2019 for keeping up to date with current tax law changes.
The new tax laws were signed into law on December 22, 2017. For most taxpayers, these tax law changes impact the income you earned in 2018 (for the tax return you file in 2019). Overall, the new tax laws may lower taxes for individuals tax filers and small businesses alike.
Some of these new tax law changes include:
- Lower tax rates for individual
- Increased standard deduction benefits
- Increased child tax credit benefits
- The elimination of some itemized deductions
- The elimination of dependent and personal exemptions
- A $10,000 cap on deductions for state income taxes, sales, and local taxes, and property taxes combined
- A 20% deduction for “pass-through” entities (sole proprietorship, partnership, S corp.)
- An increase in expense limits for capital assets
TurboTax Software Downloads and CD's
With the desktop software editions of TurboTax you get a product that is installed on your computer so that there is no need to worry about having an internet connection when your ready to prepare your tax return.
Installing the software version on your computer is a great way to go for those of you that tend to prepare a lot of returns for family members and friends. It makes it much simpler to work anywhere, anytime. You can prepare you own return at home, then head over to mom an dads house to help them with their return. No need to sweat the small stuff when all you need is already loaded onto you computer and accessible anywhere you go.
With the TurboTax 2019 tax software editions you will be able to take advantage of any benefits that may apply to your personal tax filing requirements. It's easy and virtually automatic in 2019.
TurboTax Free Edition, will it work for you?
Now for those of you with simple 1040ez tax returns, there is no reason for you to pay anything to file your federal tax return. With the TurboTax 2019 Free Edition you can prepare and efile your return to the IRS for FREE. You don't have to pay a cent!
It's a great program that has no income limitation, so anyone can use it regardless of how much they make so long as you are filing a basic return that requires no special forms. Now there are some limitations as to what this edition will do and what it won't such as:
- It won't import financial data from w2's 1099's or any financial software like Quicken. So you entries have to be done manually by hand, watch that you don't make mistakes...
- The Free Edition is only available online, so you can't work on your return if you have no internet connection from where your trying to complete you return.
So here's the facts, if you want to prepare your taxes yourself to save some cash, there is no better choice than TurboTax. With the top rated tax software for many decades now, there's no doubt it's the best choice on the market today... Give it a shot, you won't be disappointed...