Recently, TurboTax unveiled a new personalized experience for returning users. Starting with TurboTax 2014, users will now see personalized settings and information unique to themselves. This means that anyone filing their 2014 taxes can take advantage of this new system. However, personalization will only work for taxpayers that used the service back in 2013, too.
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By using data from last year’s return, Turbo Tax 2014 will make the entire process faster. Data from last year is automatically entered into the new year’s return. The software will then focus upon specific sections of the return, based upon each user’s situation. During the process, sections deemed irrelevant to that taxpayer will be ignored. Taxpayers can still navigate through each section themselves.
For refunds, TurboTax 2014 will now explain a person’s refund in-depth. This includes how the numbers are calculated and what changed from the previous year. This gives users a great insight into their tax situation compared to last year. Likewise, answers to questions are available at the click of a button. Taxpayers won’t feel left in the dark about their taxes or their return.
If you’re filing your 2014 taxes and used Turbo Tax last year, then you need to do the same thing this year. This new personalized experience speeds up the process and makes everything more simple. Detailed explanations are a welcome addition to TurboTax 2014 for many taxpayers.
Get Your Refund Early by Filing Your Returns Early: E-filing with TurboTax 2014 to Start on Jan. 2
Now that the IRS has set January 31, 2014 as the commencement date for processing tax returns, taxpayers are urged to start filing early. You can now get free TurboTax 2014 version from www.turbotax.com and start filing your returns from the 2nd day of January, 2014. The sooner you file your taxes, the sooner you will get your tax refund.
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The average American taxpayer claims around 3,000 dollars in tax refunds. Furthermore, 8 in every 10 taxpayers in the country claim a refund every tax season. Intuit is encouraging taxpayers to start filing their returns at the soonest possible time to avoid delays in processing their tax refund.
Since TurboTax will start accepting e-files earlier than the IRS, the company will hold the information safely and forward them to the revenue service in a first-in, first out basis. This will go a long way in ensuring that taxpayer’s refunds are processed and sent back without delays, and it is important to note that the IRS does not anticipate any delays in doing this. The agency expects to perform as it did in the 2013 tax season; where 90 percent of all refunds were made in less than 21 days.