Monthly Archives: September 2016

Guide to Pennsylvania Personal Income Tax #income #tax #refund #status #2009

by ,

#pennsylvania income tax


Pennsylvania Personal Income Tax

By Albrecht Powell. Pittsburgh Expert

A personal income tax is levied in Pennsylvania against the taxable income of resident and nonresident individuals, businesses, and estates and trusts.

Pennsylvania Income Tax Rate:

Pennsylvania has a flat tax rate of 3.07 percent on individual income tax, with no standard deductions or personal exemptions. If your income is low enough, however, your income tax bill may be reduced to zero.

A credit is allowed for income taxes paid to other states by residents of Pennsylvania.

Continue Reading Below

Pennsylvania s top personal income tax rate ranks 40th among states levying an individual income tax. However, many Pennsylvania taxpayers also pay a local tax on earned income which increases that tax burden relative to other states which do not collect local income taxes.

Income That is Subject to Taxes:

Taxes in Pennsylvania are collected on eight classes of income:

  1. wages
  2. interest
  3. dividends
  4. net profits from business, profession or farm
  5. net gain from sale or disposition of property
  6. net income from rents, royalties, patents and copyrights
  1. gambling and lottery winnings (other than Pennsylvania state lottery winnings)
  2. income from estates or trusts

Income That is Exempt from Taxes:

Items that are commonly exempt from Pennsylvania state income tax include:

  • Social Security benefits, public and private pensions, and IRA distributions
  • Child support
  • Alimony
  • Inheritance and gifts
  • Workers compensation, unemployment benefits, and public assistance
  • Capital gains from the sale of a principal residence (as long as it meets ownership and use requirements)

Continue Reading Below

Pennsylvania does offer special tax forgiveness provisions for certain low-income taxpayers whose income does not exceed $6,500 (filing as a single) or $13,500 (married filing separately or jointly, plus $9,500 for each dependent). For a married couple with 2 children, the income allowance for 100% tax forgiveness would be $32,000. For a single parent with 2 children, the income allowance for 100% tax forgiveness is $25,500.

Wages earned from work performed in Pennsylvania by residents of Indiana, Maryland, New Jersey, Ohio, Virginia or West Virginia are not subject to Pennsylvania State Income Tax under a reciprocal personal income tax agreement. If PA taxes were improperly withheld from residents of these states, a tax return should be filed to obtain a refund. Taxes are required to be paid in the reciprocal state in which the wages were earned.

Local Income Taxes:

In addition to state income tax, Pennsylvania localities are permitted to assess a wage tax on earned income only (known as the Earned Income Tax). Generally, the Earned Income Tax, or wage tax, is split between the municipality and the local school district. Most PA municipalities have a 1% cap for wage taxes, except in Home Rule municipalities (namely Philadelphia, Pittsburgh and Scranton) which are not subject to a minimum tax rate.

Pennsylvania Income Taxes – How They Compare:

According to the Tax Foundation. Pennsylvania s combined state/local income tax burden is estimated at 10.1% of income. Above the national average of 9.8%, this ranks the state 10th highest nationally. Unfortunately, personal property taxes in the state only further increase the tax burden.

Filing Your Personal Income Tax Return:

You must file a Pennsylvania income tax return (this applies to residents, part-year residents and non-residents) if your Pennsylvania taxable income exceeds $35 during the year or if you incurred a loss from any transaction as an individual, sole proprietor, partner or shareholder of an S corporation.

Completed tax forms and payment must be postmarked on or before April 15. Personal income tax forms are available in many area libraries, government offices, post offices and from the Pennsylvania Department of Revenue s Web site.

About the Low Income Housing Tax Credit (LIHTC) Program #e #return #filing

by ,

#low income tax credit


About The Low Income Housing
Tax Credit Program

The Low Income Housing Tax Credit (LIHTC or Tax Credit) program was created by the Tax Reform Act of 1986 as an alternate method of funding housing for low- and moderate-income households, and has been in operation since 1987. Until 2000, each state received a tax credit of $1.25 per person that it can allocate towards funding housing that meets program guidelines (currently, legislation is pending to increase this per capita allocation). This per capital allocation was raised to $1.50 in 2001, to $1.75 in 2002, and adjusted for inflation beginning in 2003. These tax credits are then used to leverage private capital into new construction or acquisition and rehabilitation of affordable housing.

The tax credits are determined by the development costs, and are used by the owner. However, often, because of IRS regulations and program restrictions, the owner of the property will not be able to use all of the tax credits, and therefore, many LIHTC properties are owned by limited partnership groups that are put together by syndicators. In this manner, a variety of companies and private investors participate within the LIHTC program, investing in housing development and receiving credit against their federal tax liability in return.

Tax Credits must be used for new construction, rehabilitation, or acquisition and rehabilitation. and projects must also meet the following requirements:

  • 20 percent or more of the residential units in the project are both rent restricted and occupied by individuals whose income is 50 percent or less of area median gross income or 40 percent or more of the residential units in the project are both rent restricted and occupied by individuals whose income is 60 percent or less of area median gross income.
  • When the LIHTC program began in 1987, properties receiving tax credits were required to stay eligible for 15 years. This eligibility time period has since been increased to 30 years.

These are minimums. Because of the way states award credits, it is in the interest of developers to exceed these minimums, as most states look more favorably on projects serving a higher percentage of income-eligible households.

Determining the amount of tax credit

Qualified Basis

Most states determine the amount of tax credit an individual project receives based on its qualified basis. First, total project cost is calculated. Second, eligible basis is determined by subtracting non-depreciable costs, such as land, permanent financing costs, rent reserves and marketing costs. The project developer may also voluntarily reduce the requested eligible basis in order to gain a competitive advantage. If the development is located in a HUD designated high cost area (HCA), the eligible basis receives a 130% HCA adjustment. These areas include both Qualified Census Tracts (QCTs) and Difficult Development Areas (DDAs) Finally, to determine the qualified basis, the eligible basis is multiplied by the applicable fraction, which is the smaller of, (1) the percentage of low income units to total units, or, (2) the percentage of square footage of the low income units to the square footage of the total units, to arrive at the qualified basis.

The qualified basis is multiplied by the federal tax credit rate, published monthly by the IRS, to determine the maximum allowable tax credit allocation. For projects that are new construction or rehabilitation, which are not financed with a federal subsidy, the rate is approximately 9%. For projects involving a federal subsidy (including projects financed more than 50% with tax exempt bonds), the rate is approximately 4%. The 9% and 4% rates are used to determine a project’s initial tax credit reservation. A project’s final (placed-in-service) tax credit allocation is based on actual project sources and uses of funds, the financing shortfall and the actual applicable federal rate. The rate applicable to a project is the rate published for the month each building is placed in service or in an earlier month elected by the sponsor. The allocation cannot exceed the initial reservation amount and may be reduced if an analysis determines that the maximum allowable amount would generate excess equity proceeds to the project.

Other Methods

Some states supplement the qualified basis method with other methodologies. Texas, for example, will make an alternate calculation based on the gap between equity and funding in addition to the qualified basis method, and a third alternative calculation can be submitted by the applicant. The state will then determine the actual tax credit by choosing the lowest amount generated by these three methods.

The Earned Income Tax Credit Estimator (Tax Year 2015) #disposable #income

by ,

#earned income credit calculator


The Earned Income Tax Credit Estimator (Tax Year 2015)

Number of Children Under the Age of 19

Reminder: This estimator tool is intended to illustrate how much the EITC might be worth. See our eligibility chart or visit the IRS website at to help you determine if you are eligible for this tax credit.


1. Find a FREE tax site near you. Go to the IRS website or call 1-800-829-1040.

2. Make sure you’re eligible for the EITC and the Child Tax Credit by reading through this flyer. You can still file your taxes for free even if you do not qualify for the tax credits.

3. File your taxes! Visit a free site by April 15 to file your taxes and receive your money in a tax refund. For a list of what to bring, print out our checklist. (You can claim the tax credits even if you cannot find a free tax site near you.)


Low-Income Housing Tax Credit Program – Louisiana Housing Corporation #statement #of #comprehensive #income

by ,

#low income tax credit


The Low-Income Housing Tax Credit (LIHTC) Program

is a tax incentive intended to increase the availability of low income rental housing. The tax credit is a credit against regular tax liability for investments in affordable housing properties constructed, acquired and rehabilitated after 1986.

The 2015 QAP Funding Round deadline has passed. The 2015 Online Application should be accessed for reference only. No new applications can be submitted through this system. To submit an application for the 2016 QAP Funding Round, please access the 2016 Online Application System via the link above.

Just the facts

Program Details

  • To qualify for tax credits, the proposed development must involve new construction or substantial rehab of existing units occupied by low-income individuals and families.
  • Prospective applicants apply for housing tax credits by submitting an application to the LHC. Applications are received and evaluated under the Qualified Allocation Plan (QAP) at least once a year.
  • The QAP provides information on the calendar year program including minimum project requirements, competitive criteria and underwriting criteria.
  • The amount of credits to which a project is eligible is based on the amount of qualified development costs incurred and the percentage of low-income units within the development.
  • Each qualified tax credit development must include a minimum percentage of units to be set aside for eligible low-income tenants. These set-aside units must also be rent restricted.

Additional Info

  • The LIHTC is received each year for ten years, the period the taxpayer claims the credit on his/her federal income tax return.
  • The Owner must maintain the income and rent restrictions continuously for 15 years; known as the compliance period.”
  • Additionally, the Owner must enter into an extended use period of an additional 15 years by filing a regulatory agreement on the project with the clerk of court in the parish where the property is located.
  • The LHC Compliance Division monitors the property throughout the compliance and extended use periods to ensure that the property remains safe, decent and affordable to low-income families.

Profit – definition of profit by The Free Dictionary #filing #of #income #tax #return

by ,

#example of income statement




1. money which is gained in business etc, eg from selling something for more than one paid for it. I made a profit of $8,000 on my house; He sold it at a huge profit. wins رِبْح печалба lucro zisk, výdělek der Gewinn fortjeneste; profit κέρδος lucro. beneficio. ganancia kasu(m) سود voitto profit. bénéfice רווח लाभ, मुनाफा haszon laba hagnaður profitto 利益 이윤 pelnas peļņa keuntungan winst fortjeneste. gevinst. profitt zysk سود، فايده lucro profit, beneficiu прибыль zisk, zárobok dobiček profit vinst, förtjänst กำไร kâr. kazanç 利潤 прибуток, дохід نفع lợi nhuận 利润

2. advantage; benefit. A great deal of profit can be had from travelling abroad. voordeel فائِدَه полза proveito užitek, prospěch der Gewinn gavn όφελος provecho tulu سود؛ فایده etu profit תועלת हित, कल्याण előny keuntungan ávinningur beneficio 利点 이익 nauda labums; ieguvums faedah nut. voordeel utbytte. gagn pożytek سود، فايده،ګټه proveito profit, avantaj выгода. польза osoh korist korist behållning, utbyte ผลประโยชน์ yarar. fayda 益處 користь, вигода فائدہ lợi ích 益处

verbpast tense, past participleˈprofited

(withfromorby ) to gain profit(s) from. The business profited from its exports; He profited by his opponent’s mistakes. trek voordeel uit يَرْبَح печеля lucrar těžit (z) profitieren tjene; profitere κεδίζω, επωφελούμαι ganar. sacar provecho; beneficiarse de kasu saama سود بردن؛ منفعت کردن hyötyä tirer profit de לְהַרווִיח लाभ उठाना hasznot húz vmiből mendapat keuntungan hagnast á approfittare di. trarre profitto da 利益を得る 이익을 얻다 gauti pelno, pasinaudoti gūt peļņu; pelnīt mendapat keuntungan profiteren tjene på. profittere på. ha fordel av czerpać zysk/korzyści, zarabiać ګټه كول،نفعه وړل lucrar a câştiga de pe urma извлекать выгоду ťažiť (z) imeti dobiček ostvariti profit tjäna (göra vinst) på, utnyttja, dra nytta av ได้ประโยชน์ kâr etmek; yararlanmak 得益 користуватися; скористатися نفع کمانا، فائدہ اٹھانا được lợi 得益

(negativeunprofitable ) giving profit. The deal was quite profitable; a profitable experience. winsgewend, voordelig مُرْبِح доходен lucrativo užitečný, výnosný gewinnbringend indbringende επικερδής. επωφελής provechoso. ventajoso; lucrativo, rentable tulus سودمند tuottoisa profitable רווחי लाभदायक hasznos menguntungkan ábatasamur; gagnlegur proficuo 有利な 이익이 되는 pelningas, naudingas ienesīgs; izdevīgs; derīgs menguntungkan winstgevend. nuttig utbytterik. nyttig zyskowny, pożyteczny ګټه وړونكى،ګټه ور lucrativo profitabil выгодный; полезный výnosný, užitočný donosen profitabilan lönsam, vinstgivande, nyttig, givande ซึ่งได้ผลประโยชน์ kârlı, kazançlı 有益的 прибутковий, вигідний سود مند، نفع بخش có lợi; sinh lãi 有益的

winsgewend بِصورَةٍ مُرْبِحَه доходно lucrativamente s prospěchem gewinnbringend indbringende επικερδώς provechosamente ; lucrativamente, con rentabilidad kasulikult بطور سودآور tuottoisasti avec profit בְּצוּרָה מוֹעִילָה लाभदायकता से jövedelmezően secara menguntungkan með hagnaði; gagnlega con profitto 有利に 이익이 되게 pelningai, naudingai ienesīgi; izdevīgi; derīgi dgn cara yg menguntungkan winstgevend. nuttig fordelaktig. nyttig zyskownie, pożytecznie په ګټه وړونكى توګه com proveito (în mod) profitabil выгодно ; с пользои výhodne, so ziskom donosno profitabilno lönsamt, vinstgivande อย่างได้ผลประโยชน์ kazançla, kâr ile 有益(地) прибутково, вигідно فائدہ سے có lợi; sinh lãi 有益(地)



n. beneficio, ganancia; ventaja.

It seems to me that Jo will profit more by taking the trial than by waiting,” said Mrs.

Offer your prayers to Him who can give us wisdom to circumvent the cunning of the devils who fill these woods,” calmly interrupted the scout, “but spare your offers of money, which neither you may live to realize, nor I to profit by.

Hepzibah troubled her auditor, moreover, by innumerable sins of emphasis, which he seemed to detect, without any reference to the meaning; nor, in fact, did he appear to take much note of the sense of what she read, but evidently felt the tedium of the lecture, without harvesting its profit .

As he possessed no higher attribute, and neither sacrificed nor vitiated any spiritual endowment by devoting all his energies and ingenuities to subserve the delight and profit of his maw, it always pleased and satisfied me to hear him expatiate on fish, poultry, and butcher’s meat, and the most eligible methods of preparing them for the table.

I admired them, had fancies about them, for we could all profit in a degree, especially when they loomed through the dusk, by the grandeur of their actual battlements; yet it was not at such an elevation that the figure I had so often invoked seemed most in place.

At last we rose and dressed; and Queequeg, taking a prodigiously hearty breakfast of chowders of all sorts, so that the landlady should not make much profit by reason of his Ramadan, we sallied out to board the Pequod, sauntering along, and picking our teeth with halibut bones.

Aniele had given the entire profit of her chickens for several months.

Why, not a cruel man, exactly, but a man of leather,–a man alive to nothing but trade and profit ,–cool, and unhesitating, and unrelenting, as death and the grave.

However, there are a few old roads that may be trodden with profit. as if they led somewhere now that they are nearly discontinued.

Experience had taught us some valuable things; among others, how to take care of ourselves, how to avoid and defeat sharks and sharpers, and how to conduct our own business for our own profit and without other people’s help.

It is made from the purest ingredients, and if desired could be eaten by an invalid with relish and profit .

He will be a completely gross, vulgar farmer, totally inattentive to appearances, and thinking of nothing but profit and loss.

Tax – Articles and insights

by ,

#tax efiling



Tax Services

Deloitte offers clients a broad range of fully integrated tax services, including: Business Tax, International Tax, Transfer Pricing Tax, Indirect Tax, Multistate Tax, Tax Management Consulting, Global Employer Services, M A – Tax, R D and Government Incentives, and Private Wealth.

Tax by industry

Combining deep industry experience with specialized tax knowledge to help clients uncover insights, mitigate risk, and understand potential opportunities available.

Similar topics

© 2016. See Terms of Use for more information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to Deloitte LLP, the US member firm of DTTL, and its subsidiaries where certain services may not be available to attest clients under the rules and regulations of public accounting. Please see to learn more about our global network of member firms.

File An Online IRS Tax Extension

by ,

#file income tax online


E-File Your Tax Extension with the IRS

  • Founded in 1997, we are the industry pioneers!
  • It’s simple and secure — extend online in just minutes
  • Personal extensions now only $29.95!
  • Avoid late filing penalties with an IRS-approved extension
  • State tax extensions also available

Individuals — Tax Extension Form 4868

  • 1040 Federal Income Tax Returns
  • 1099 Independent Contractors
  • Sole Proprietorships (Schedule C)
  • Single-Member LLCs
  • Now only $29.95!

Businesses — Tax Extension Form 7004

  • C-Corporations
  • Multi-Member LLCs
  • S-Corporations
  • Trusts and Estates
  • Partnerships
  • Now only $34.95!

What Makes the Industry Leader in Tax Extensions?

Knowledge + Experience

Established in 1997, we are pioneers in online federal tax extensions with the most experienced team in the industry. We’ve made it our mission to specialize in tax jargon so you don’t have to.

Protecting Your Data

As an Authorized IRS e-file Provider, we are committed to keeping your personal information secure. Our website undergoes intensive security scans every day to protect your privacy.

Customer Support Team

Our goal is to make your life easier and our federal tax extension experts are here to help. Contact us by email, phone, or even chat live with a representative.

BBB Accreditation has an A+ rating with the Better Business Bureau (BBB), the renowned business rating service. We are proud to help set the standard for online tax extensions.

The Advantages of Using

Only E-File Gets You IRS Email Confirmation

Did you know? Only those who e-file their federal tax extension will receive a confirmation email showing the status of their extension. Taxpayers who apply for an extension by mailing a paper form are not told if the IRS has approved (or even received) their application — they are only notified if their tax extension has been denied.

A Trusted Resource is an Authorized IRS e-file Provider with an A+ rating from the Better Business Bureau (BBB). We protect our customers with state-of-the-art privacy and security technology, and we work directly with the IRS to get you approved. Our comprehensive site also features a number of educative articles. making us the top resource for online tax extensions.

Pay Your Taxes Online

Remember that a tax extension does not give you more time to pay your taxes. Therefore, makes it easy for you to get an extension and pay your federal taxes all in one place. Avoid IRS penalties by e-filing your tax extension with us and you can electronically pay the tax you owe via EFT (direct withdrawal from your bank account).

We’re Here for You Every Step of the Way

Our dedicated support team is here to ensure that your federal income tax extension is filled out correctly and submitted successfully. You can contact a representative via email, phone, or even live chat. In the unlikely event that your extension request is denied, don’t panic! We will help you fix any mistakes and resubmit your tax extension at no extra charge. See our customer testimonials.

Check the Status of Your Tax Extension

Our system is updated every day with official IRS records, providing you with the most current and accurate information. As a customer, you can login anytime to view the status of your personal or business federal tax extension. We provide you with the tools to track your extension and the technology to keep your personal data safe.

You Don’t Even Need a Reason!

IRS tax extensions are automatic. which means you aren’t required to provide an explanation as to why you want an extension. The IRS will grant you an automatic extension as long as your information is submitted correctly and on time. At, our easy-to-use online application takes only minutes to complete. Get started now!

Is – AGI – the same thing as – taxable income? Personal Finance – Money

by ,

#taxable income table


This can be confusing, but I did find an article that tries to Make Sense of Income and Tax Terms You should ignore line numbers, because they can change every year.

You first start with your total income that is all your salary, interest, dividends, priors years tax refunds, capital gains, IRA distributions. This number already has your health insurance premiums, 401K and HSA contributions removed from your salary.

Then you calculate Adjusted Gross Income by subtracting some items including moving expenses, teacher supply expense, student loan interest, IRA contributions. these are special deductions that Congress wants everybody to be able to claim even if they don’t itemize.

To calculate Modified Adjusted Gross Income then add back in the student loan interest and IRA deposits to establish how much of those amounts are truly deductible.

Taxable income is your AGI minus deductions (itemized or standard) and personal exemptions.

This amount then goes into the tax table or formula to determine how much tax you should have paid.

There are also tax credits for number of children, child care, college tuition. that need to be considered.

To clarify matters just a bit, Federal income tax refunds from prior years are not taxable and don t get included in total income, but State income tax refunds are included in total income, though some part of the State tax refund might be excluded based on what a certain worksheet says. It depends on how much tax benefit you got from deducting that amount on Schedule A in previous years. Dilip Sarwate Jul 25 ’13 at 4:20

To confuse a little more. Federal AGI and State AGI are not necessarily the same, and different states will have different AGIs for exactly the same numbers. Not to mention their calculation of taxable income. littleadv Jul 25 ’13 at 17:49

No. There are additional credits (such as itemized or standard deductions and personal exemptions) against AGI that result in a different “taxable income”.

Extra credit (line numbers confirmed on 2012 forms)

  1. On form 1040. line 38 is your AGI, line 43 is your taxable income.
  2. On form 1040EZ. line 4 is your AGI; line 6 is your taxable income.

It is perfectly correct to accept your own answer as the one that you find most satisfactory no matter how many downvotes it has received. On the other hand, the Peer pressure badge is not awarded for getting three or more downvotes but for deleting your own answer after it has received three or more down votes (which, by the way, it has: you have 4 downvotes and 2 upvotes for a net of -2). I hope no one else downvotes your answer. As the sadist said with a cruel smile to the masochist who cried piteously, Hurt me! Hurt me! No! Dilip Sarwate Jul 26 ’13 at 2:29

Servers should remember income from tips is taxable

by ,

#taxable income table


Servers should remember income from tips is taxable

By ROGER HAINEAULT | FISCAL ENDEAVOURS | Published January 13, 2012 – 8:12pm | Updated January 13, 2012 – 7:12PM

Having just gone through one of the most intensive waistline expanding experiences in recent memory, I can look back on oodles and noodles of great times at local dining establishments.

As I wasn t alone, I m sure there are plenty of waiters who earned their tips. A cautionary note tip income is taxable.

Each year, I see hospitality workers come in woefully unprepared for the liability they face. For some reason, people believe tips are gifts and non-taxable or they think they only have to declare the tip income that shows up on their T4 slip.

Some will report unrecorded tips but they live by the urban legend that only 10 per cent of the amount on their T4 needs to be declared. This is wrong.

Everyone knows the generally accepted size of a tip is somewhere around 15 per cent. Many food-service folks have used this number and transferred it relative to income, allowing for some shrinkage. They claim 10 or 15 per cent of what they make. This is also wrong.

Consider Jody, a waitress, who makes $10 per hour. She works a split shift, covering lunch and dinner. The place Jody works at prices its meals at about $8. It is not unreasonable to assume that the tip she receives in this case is $1. It is also not unreasonable to assume that there are four patrons at the table. It is also logical to believe that Jody could look after four tables in an hour.

Now on her shift, let s sayshe is only busy half the time. Jody earns $80 in salary (eight hours times a wage of $10 per hour) and another $64 in tips ($4 per table times four tables by four hours half the eight-hour shift).

And what about Don, a waiter in a steakhouse? He works from 6 p.m. to 11 p.m. again earning $10 an hour for an official income of $50. Don has four tables in his section and he turns them over twice. The average table charge for drinks and dinner is $75. He picks up a $10 tip per table. That s another $80 in income. In four nights of work he has earned $200 toward his T4 and $320 additionally.

When discovered, unreported income is always subject to interest, and depending on the situation, possibly a penalty. The Canada Revenue Agency believes that wait staff earn anywhere from 100 to 400 per cent of their wages. In most years, reviews of tip income are conducted on a regional basis. And one thing about tax law you re guilty until you prove your innocence.

How would the agency know what to assess? With computers today, it can very easily review your total sales by employee number and then potentially assess an arbitrary 10 per cent of sales. Think about the size of that number and what Jody and Don could end up paying.

Waiters like Jody and Don should keep a log of how much they pick up in tips. It doesn t have to be elaborate. A record that shows days worked and the amounts will suffice. When you get home at the end of the shift, write down your tips.

Then plan on paying 30 per cent of that income to the government.

Most students won t be taxable at all, while most full-time wait staff will have a bill closer to 25 per cent. Then, when you do your taxes this spring, report the income on Line 104. If you are queried after you file your return, you ll be able to document your position and avoid a financially disastrous outcome.

Roger Haineault is with Tax Filers here in HRM.

About the Author

E file income tax

by ,

#e file income tax


Easy. Fast. Always Free.

TaxAct Free File Simple Federal and State (1040EZ/A) Returns FREE

  • Fast, easy, free tax filing Prepare, print and e-file your simple federal and state (1040EZ/A) for FREE.
  • Real-Time Refund Status Get a clear picture of your refund or amount due as you prepare your return.
  • Free email help Use TaxAct’s Answer Center to find answers fast or email us for free tax and technical support.

TaxAct Basic Get Live Support and Prior Year Import

  • Import options save time and reduce errors TaxAct Import transfers data from last year’s tax return.
  • All the help and support you need, when you need it Use TaxAct’s Answer Center or contact TaxAct Support.
  • Learn how life changes impact your taxes TaxAct Life Events help you get the biggest income tax deduction possible.
  • Ensures 100% accuracy TaxAct inspects your return for errors, omissions, and tax-saving opportunities you may have missed.

TaxAct Plus Maximize Tax Credits and Deductions for Best Tax Outcome

  • Get the best deal with our Price Match Guarantee We’ll match any price offered by TurboTax or H & R Block for products comparable to TaxAct Plus.
  • Maximize credits and deductions Access more than 300 tax deductions and credits.
  • Easily report on investments and rental income Get the biggest tax breaks from your mortgage interest, investments and charitable donations.

TaxAct Premium Get the maximum tax benefit for business income, expenses and depreciation

  • Get the best deal with our Price Match Guarantee We’ll match any price offered by TurboTax or H & R Block for products comparable to TaxAct Premium.
  • Find all business credits and deductions (Schedules C & F) Maximize your deductions and minimize your taxes.
  • Easily import and record capital gains Rapidly import your stock data or use Stock Assistant’s quick-entry tools to save time and minimize errors.