Turbo Tax Offers Free Preparation And Filing Services For Basic Filers

Absolutely No Fees or Costs Associated with TurboTax

Nothing owed to Federal; Nothing owed to State, Nothing Owed to File Return Available to Sixty Million United States Citizens!

Americans receive the best tax break making use of “TurboTax”. Starting tomorrow, sixty-million residents of the United States who work hard for their money may prepare and file basic state and federal returns for free. There is no cost involved whatsoever. Not one thin dime is owed. The reason for the tremendous break is because TurboTax is taking away the laboriousness of preparing taxes in order that its customer base acknowledges there is not a return preparation and filing service offering such a tremendous value in filing 2014 Taxes! Customers may rest assured their 2014 Taxes are prepared and filed completely free of charge.

It is the very first time, U.S. citizens may file the Federal 1040EZ return, and 1040A return, along with state tax returns for zero cost using TurboTax for 2014 Taxes. The edition of TurboTax for 2014 Taxes is a no-cost Edition. Persons using TurboTax for their respective 2014 Taxes do not pay additional monies in order to stay within compliance of new Health Care legislation either. They also do not pay extra using Turbo Tax for 2014 Taxes when claiming the Earned Income Tax Credit. The edition named Absolute Zero from TurboTax for 2014 Taxes allows users using another tax preparation method or service to easily transition to Turbo Tax for 2014 Taxes. The free promotion is designed to attract new customers to TurboTax. If anyone wants to transition to TurboTax for 2014 Taxes now is the best time to do it, especially since the edition allows the user to pay no fees.
TurboTax is a well recognized and leading provider of tax preparation services. The trusted TurboTax service is responsible for preparation of more Federal Tax returns; over any other tax preparation service. The edition of TurboTax Absolute Zero for 2014 Taxes is useful to the sixty percent of individuals who only need to file basic returns; and who file early during the year in order to attain a refund in an expedient manner. A good many persons within the sixty percent basic return category receive a refund which averages approximately two-thousand seven hundred dollars. The sizable check for 2014 Taxes is frequently the largest amount of money the individual, within the sixty percent category, receives on an annual basis.

Sasan Goodarzi, General Manager of the Intuit Consumer Tax Group acknowledges the basic need of many individuals requiring an early tax refund. Goodarzi made it clear that TurboTax also recognized individuals were seeking value with regard to the money they earned. TurboTax believes the free filing service is useful in recognizing the fact that hard-working Americans everywhere are seeking the best value possible in way of filing their respective tax returns and attaining a refund within a relatively short period of time.

Persons wishing to get ahead of the game in way of attaining a tax refund for their respective 2014 Taxes are wise to file using the zero cost edition of Turbo Tax now. The return is safely held and then properly submitted to the Internal Revenue Service once e-filing starts taking place on January 20th for 2014 Taxes.

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How TurboTax 2014 Can Help You With Obamacare Taxes

Nearly Half Of All US Residents Don’t Know That They Have To Report The Status Of Their Health Insurance On Their 2014 Tax Returns

A recent survey has revealed that nearly half of US residents (approximately 48%) do not know that they are supposed to report their health insurance status on their tax returns for 2014. With tax time just around the corner, the Health Survey by Intuit TurboTax (Nasdaq: INTU) that was performed by Harris Poll over 2,000 US resident shows that by majority, Americans are still not aware of the connection between their 2014 taxes and their health care status.

As per the Affordable Care Act, 2015 is the first year that US residents are required to show proof of qualifying coverage when filing their taxes and if they fail to do so, they will face tax penalties. Although many uninsured adults within the US (about 62%), know that those without coverage will pay penalties according to Obamacare Taxes, 87% of this same demographic do not know that the deadline for avoiding this tax penalty passed some time ago. Any coverage secured during the current enrollment period, which ends in February of 2015, will only be applicable for tax returns filed in April 2016.

Most people who lack health coverage (56%), also don’t know that uninsured people who meet this criteria could be qualified for an exemption from the penalty that Obamacare Taxes entails.

Almost half of US residents (45%) do not know about the premium tax credits that help make coverage less costly for families that are at low to moderate income levels.

Sacha Adam, the product leader for TurboTax 2014 says that these figures show that people are still not aware of the full implications of Obamacare taxes. According to Adam, TurboTax 2014 is committed to bridging this gap by supplying people with a number of free resources that are easy to use and that help them to learn more about thee connection between their health care choices and their taxes.

One major offering from TurboTax 2014 that is designed to assist taxpayers with Obamacare Taxes is a free resource that can be found at TurboTaxHealth,com. This can be used to determine whether or not people are eligible to receive low-cost coverage and to learn what penalty must be paid if coverage has yet to be secured. The TurboTax Exemption Check is also here, which allows people who do not have coverage to quickly determine whether or not they are exempt from the ACA penalty and then people can then apply for this exemption.

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