Turbo Tax Review – Discount & Giveaway!
Turbo Tax Review – Discount & Giveaway! |  |
| Turbo Tax Review – Discount & Giveaway! Posted: 28 Feb 2012 04:00 AM PST http://financialhighway.com/turbo-tax-review-discount/ Turbo Tax (previously Quick Tax) has become a synonym for tax software. With over 80% of the market share Turbo Tax is Canada's #1 selling tax software. Turbo Tax is one of the most intuitive and user-friendly tax softwares out there. This year, with the addition of 24/7 FREE tax advice one cannot go wrong with Turbo Tax. I personally have used Turbo Tax (and Quick Tax) for 4 years now and have been very satisfied with the software. Although, in the past I have used the Desktop version last year I decided to switch to the online version and loved it! See below for your chance to win a FREE copy of Turbo Tax 2012 Online vs. Desktop The online version is not only cheaper but also more convenient than the desktop version. The best part of the online version is that it is accessible from anywhere with an internet connection. For example, if you have some time before a meeting at work or during your lunch hour you can use the time to work on your taxes and finalize your return. The online version makes tax filling extremely simple and convenient. When I started my tax return for this year Turbo Tax automatically imported my information from my last year's filling. This included my personal information as well as the tax credits I had from previous years; as you can appreciate, this information saved me a great deal of time and hassle! I would highly recommend the online version of Turbo Tax over the desktop.  Tubo Tax Data Import 5 Easy Steps As previously mentioned, Turbo Tax is very user friendly and perfect for those without a detailed understanding of tax laws. Turbo Tax's 5 Easy Steps is just that, easy. It is basically an interview process that collects the relevant information in order to process your information accurately and maximize your return. It asks you about your income, donations, tuitions, medical expenses, RRSP contributions, investment income and losses, etc. If you answer "yes" to any of the preliminary questions, it will likely proceed with follow up questions to better determine your tax situation. For example, when you answer "yes" to having an income a set of follow up questions ask for more details, such as, the source of your income, if you had work related expenses, etc. This guide makes tax filling extremely convenient and ensures you get the maximum refund.  5 Easy Steps Tax Savings Opportunities/Warnings If Turbo Tax determines that you may have missed a deduction or credit, it gives you a reminder and the criteria for qualification towards the end of the return. If it applies to you, you can go back and update the info or continue with your filling as is if you do not qualify. If there are any discrepancies or inconsistency in your return you will also get a warning towards the end to correct those before submitting.  Tax Savings RRSP Optimizer This is one of my favorite features. The RRSP optimizer does exactly that, it helps you optimize your RRSP deductions. After you have entered your income and RRSP information, this tool allows you to play around and see how you can improve your return. You can simply move the slider to see how much your return will be if you increased your RRSP contribution by a specific amount. Or you can click on the "Maximize my Refund" to determine how much you need to contribute to get the maximum refund.  RRSP Optimizer FREE Tax Advice! And that's not all there is to Turbo Tax! This year Turbo Tax launched 24/7 FREE Tax Advice. This is a fantastic service for Canadians. These are tax accountants, MBAs and tax professionals that can help you 24/7 via one-on-one chat or phone conversations. If you are wondering whether a credit applies to you or how to report a specific income, just pick up the phone and speak with a tax professional. Note that, as we get closer to the deadline, April 30th, the lines may get busier. BONUS! Turbo Tax has partnered with Financial Highway to provide you with a great deal! Financial Highway readers will save 10% on any TurboTax Online Edition! All you have to do is just visit our partnership page and register for Turbo Tax, you get all the great benefits PLUS a 10% discount! Contest Between February 28 and March 7th we will be giving away a daily copy of Turbo Tax. This contest is only open to Canadian residents.
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