Tag: tax returns
TurboTax Downside: What Users Really Need to Know About Filing Taxes
This article uncovers the main drawbacks of using TurboTax for filing income tax returns. You'll find out about unexpected costs, upselling tactics, data privacy concerns, and the limitations for complicated returns. Plus, tips on how to make smarter choices when picking tax-prep software. Read on if you want to avoid the most common mistakes people make with TurboTax.
Social Security Income Tax: At What Age Does It Stop?
Curious about when Social Security income stops getting taxed? This article breaks down the rules about Social Security taxes and age, explains why your income—not your birth year—matters, and gives practical tips for lowering your tax bill. Find out the difference between full retirement age and tax-free income, how state and federal taxes treat Social Security payments, and what retirees can expect when filing taxes. Walk away with smart strategies to keep more of your money in retirement.
IRS Audit Limits: How Far Back Can They Really Go?
Ever wondered how many years the IRS can dig into your old tax returns? This article breaks down the rules about audit periods, exceptions the IRS uses to go further back, and what records you should keep (and for how long). Get clear answers, real-world tips for avoiding trouble, and learn exactly what might trigger deeper IRS scrutiny. No nonsense, just the facts you actually need if you want to stay safe come tax time.
When Should I Expect My Direct Deposit for Tax Returns?
Waiting for your tax return can test anyone's patience, especially when you’re counting on that direct deposit to clear. Knowing the timeline and steps involved can ease anxiety and make life simpler. Explore how filing methods, the IRS schedule, and potential errors can affect when you’ll see the refund in your bank account. Learn how to track the progress and what to do if there’s a delay. Get a sense of why your refund may vary from year to year.