TurboTax 2011 Tax Refund Calculator

1040EZ TurboTax SnapTax

Your 1040EZ tax preparation and filing just got easier. I guess there really is an easy button. Here’s how easy it is to prepare and file your income tax return with your phone, yes I said your PHONE! If you own an iPhone or an Android you now can prepare and file your 1040EZ tax form by using your phone.

 1040EZ Tax Form

You must of course own an iPhone or an Android phone to be able to do this. There are some other guidelines to see if you fall into the lucky group of people who can take advantage of this technology. You can only use the 1040EZ tax form. You cannot have any kids or own a home. You see where this is going right? This is for simple tax returns without a bunch of schedules or attachments. You only have a W-2, interest, or unemployment income, and you have to make less than $80,000 if your single or less than $100,000 if you’re married.

 TurboTax SnapTax

Okay if you passed all of the above tests you probably want to know how this works. You start out by downloading the free app for TurboTax SnapTax onto your iPhone or Android. The next thing you do is snap a photo of your W-2 form. Ah, now you get why they call if SnapTax right?

When you take a picture of your W-2 tax form the app automatically imports your data right into your 1040EZ income tax form. How amazing is that? You answer a few easy question and I will tell you nothing can be as quick and easy as this when it comes to preparing and filing your income tax form. The final step is to review your tax return and push the button to file! You’re done!

 IPhone and Android Makes Tax Filing Easy with TurboTax

You can visit the web site of TurboTax Online to see a video on how easy it is to prepare and file your 1040EZ tax return. You don’t have to buy the CD, you don’t have to download software onto your computer, and you don’t have to pay the sky high prices of an accountant who sits in their cubicle all day. Who wants to spend time doing that anyways?

So, pull out your phone and see how quick and easy it can be to file your taxes! You can be done in three easy steps. Visit TurboTax Online today to view all the available tax preparation and filing services.

 

Free State Tax Filing for 2011, 2012

Free State Tax Filing

You can honestly get free state tax filing. Yes even in the world where certain offices have started charging money for cups of water from the cooler, in a world where some park benches are literally dotted with uncomfortable spikes that recede with the inserting of coins for an allotted sitting time, there is free tax filing available for federal and state taxes.

Like everything else now (even international diplomacy), filing your state taxes online can be done on any piece of metal or plastic with an internet connection. Of course I wouldn’t be doing a good job if I didn’t also inform you that libraries also provide excellent services and resources for information, including free state tax filing. Though at a library, it’s a given that paperwork will be involved.

Personally, I cannot stand paperwork of any nature; the feeling of an iodine contrast injection is a better feeling than the one I have when filling out paperwork. There are online services like TurboTax Online which allow you to file your federal and state taxes without filling out and mailing loads of confusing paperwork.

Like a GPS, you’re guided along hand in hand through the murky and convoluted world of income tax filing. Not only will you probably get more money back through an online service (as many of them have 100% accuracy guarantees), your chance of entering information incorrectly decrease from “somewhat likely to cause refund delays” to 0% with an online service which automatically checks for errors along the way.

With all the available help it really doesn't seem possible that filing will be free on top of all these other benefits but it's true. Does any of that sound “free” enough yet? To learn more about free state tax filing, go to TurboTax Online, because I’ll tell ya that it pretty much doesn’t get any better.　

 

PA Tax Tables for 2011, 2012

PA Tax Tables

Each pay period federal and state taxes are with held from your paycheck each pay period. The PA tax rate tables are decided by the Pennsylvania state tax legislation.

The Pennsylvania state income tax is a flat 3.07%.

Pennsylvania personal income tax is a tax liability for taxable income of resident and nonresident individuals, estates, trusts, partnerships, S corporations, business trusts and limited liability companies not federally taxed as corporations.

There are several different types of income that are taxed in Pennsylvania,
a few of them are:

• Wages – earned income as compensation, interest earned, dividends paid to you.
• Net gains or income from various places, such as property sales, rent, etc… Gambling and lottery winnings other than Pennsylvania Lottery winnings.　

If you have a loss in one class of income it may not offset against income in another class, nor can gains or losses be carried from one year to the next.

The Pennsylvania personal income tax does not have a standard deduction. Individuals may reduce tax liabilities through available deductions, credits and exclusions.

What can I use as a deduction on my tax return?

If you have expenses for your occupation that are non-reimbursable and are directly related to your employment you may deduct that amount from your total wage amount. Pennsylvania also allows three other deductions against your income if you qualify. You may deduct the amount you have contributed to your medical and health savings accounts. You may also deduct the amount you have contributed to your IRC Section 529 tuition account program.

What credits are available to me?

If you have paid any income tax to another state or foreign country you may receive a credit against your Pennsylvania state income tax. Lower income families and individuals may receive a credit if you qualify under tax forgiveness.

What are some exclusions I may qualify for?

If you have made payments to an IRC Section 125 plan, which is a program that covers sickness, disability, hospitalization or death. You may qualify to have the amount excluded from your income. If you have recently sold your principal residence and qualify under the ownership and use requirements you may be able to exclude any gains from your income.

PA tax rate tables