Government shutdown 2019 update: You can file now with TurboTax


Today, the President announced plans for a temporary end to the Government Shutdown until February 15. Although the IRS previously confirmed the Government Shutdown would not impact processing tax returns, with filing season beginning on Monday, January 28, 2019, and that they would provide tax refunds as scheduled, you may have delayed filing your taxes.

There is no reason to delay filing. The average federal direct deposit tax refund was about $3,000 last tax season. You can get started now with TurboTax and be first in line for your tax refund! 

RELATED: Check out the U.S. states with no income tax: 

7 PHOTOS
States with no income tax
See Gallery
States with no income tax

Florida 

No income tax​​​​​​​

Wyoming 

No income tax​​​​​​​

Washington 

No income tax​​​​​​​

Texas

No income tax​​​​​​​

South Dakota

No income tax​​​​​​​

Nevada

No income tax​​​​​​​

Alaska

No income tax​​​​​​​

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

TurboTax has been accepting tax returns and will securely hold them for transmission to the IRS and States once they begin accepting e-file on Monday. TurboTax and TurboTax Live assisted tax preparation with TurboTax Live CPAs and Enrolled Agents are open and ready for taxpayers to prepare their returns.

The IRS encourages all taxpayers to file as soon as possible. Combined with e-filing, direct deposit is the fastest way to get your tax refund. The IRS anticipates issuing more than nine out of 10 federal tax refunds within 21 days from acceptance.

Don’t worry about knowing these tax rules. TurboTax will ask you simple questions about you and give you the tax deductions and credits you’re eligible for. If you have tax questions, you can connect live via one-way video to a TurboTax Live CPA or Enrolled Agent with an average of 15 years experience and get your tax questions answered. A TurboTax Live CPA or Enrolled Agent can even review, sign, and file your tax return.

Brought to you by TurboTax.com

Driving for Lyft? Use This Tax Preparation Checklist

So, you decided to become your own boss (at least part-time) and start driving for a ride-sharing company like Lyft. Use the Lyft tax preparation checklist below to organize your income and deductions to make filing your taxes a breeze. Remember, not all items listed will apply to you, but it will give you a good idea on what you need to report as income and what you can claim as a deduction.

Read More

Brought to you by TurboTax.com

Video: The Alternative Minimum Tax (AMT) Explained

Originally created to make sure the wealthy paid taxes even after using tax breaks and loopholes, the Alternative Minimum Tax (AMT) has never been updated and continues to impact middle class Americans more and more each year as a result of inflation. To compensate for inflation, the AMT now includes an exemption amount. This exemption is indexed for inflation so it changes every year.

Read More

Brought to you by TurboTax.com

Energy Tax Credit: Which Home Improvements Qualify?

Taxpayers who upgrade their homes to make use of renewable energy may be eligible for a tax credit to offset some of the costs. As of the 2018 tax year, the federal government offers the Nonbusiness Energy Property Credit. The credits are good through 2019 and then are reduced each year through the end of 2021. Claim the credits by filing Form 5695 with your tax return.

Read More

Brought to you by TurboTax.com

Top 5 Reasons to File Your Taxes Early

Every April, many taxpayers wait until the last minute to file their federal income tax returns. Despite this tendency, there are many reasons to file your taxes early. If you will receive a refund, you may want to submit your return as quickly as possible. Additionally, there are benefits to filing early for those taxpayers who have a balance due.

Read More

Brought to you by TurboTax.com
Read Full Story
Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.