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With the holidays upon us what better gift for a loved one then a tablet. From iPads to Kindles there is one sure to please everyone on your list. Tablets are now very popular electronic gifts due to the fact that there are so many choices and availability. There are literally dozens to choose from and finding the perfect one can seem overwhelming.
For children, the most popular tablet is the Vtech InnoTab Learning App Tablet. This product is for children 4 to 9 years old and comes with a 5” color touch screen. The InnoTab has apps that encourage reading, logic, and creativity. In addition, content such as e-books and learning games can be downloaded to the tablet. The InnoTab runs for $79 and can be found at most major retailers.
For young adults and older, the iPad 2 is a sure winner. With two cameras, a 10” screen and millions of apps you can’t go wrong with this gift choice. The iPad 2 can play games, download e-books, and play music. The iPad 2 starts at $499 and goes all the way up to $829 for the top of the line model. Most major retailers now carry the iPad 2 including Target and Best Buy.
In closing, when choosing a tablet make sure the gift recipient has some understanding of touch devices and how to use them. You might need to spend some extra time setting up the device prior to wrapping the gift. Overall tablets are great gifts and will provide endless entertainment.
TaxSlayer Blog
TaxSlayer Blog is your source for tax preparation news, tips and advice.
With the holidays upon us what better gift for a loved one then a tablet. From iPads to Kindles there is one sure to please everyone on your list. Tablets are now very popular electronic gifts due to the fact that there are so many choices and availability. There are literally dozens to choose from and finding the perfect one can seem overwhelming.
For children, the most popular tablet is the Vtech InnoTab Learning App Tablet. This product is for children 4 to 9 years old and comes with a 5” color touch screen. The InnoTab has apps that encourage reading, logic, and creativity. In addition, content such as e-books and learning games can be downloaded to the tablet. The InnoTab runs for $79 and can be found at most major retailers.
For young adults and older, the iPad 2 is a sure winner. With two cameras, a 10” screen and millions of apps you can’t go wrong with this gift choice. The iPad 2 can play games, download e-books, and play music. The iPad 2 starts at $499 and goes all the way up to $829 for the top of the line model. Most major retailers now carry the iPad 2 including Target and Best Buy.
In closing, when choosing a tablet make sure the gift recipient has some understanding of touch devices and how to use them. You might need to spend some extra time setting up the device prior to wrapping the gift. Overall tablets are great gifts and will provide endless entertainment.
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It's never too early (or late) to start planning your tax refund! TaxSlayer.com suggests you take these 3 steps to get you on your way to receiving the largest refund possible this year.
1. Wait on all of your tax documents before starting your tax return
There is nothing more frustrating than completing your return and then receiving another tax form the next day. This will cause you to have to do an amended return. After refocusing your return it could take up to 8 weeks for the IRS to reprocess your return and mail out the difference. Be patient in order to receive all your money!
2. Get familiar with IRS publication 17
This is considered one of the many great IRS resources. The section you should at least familiarize yourself with is the "What's New" portion of the publication. It is an often overlooked Gem that has great information about the new tax laws and deductions that will help you to receive the largest possible refund. If you don't like "lite reading" - no worries. TaxSlayer.com has a new tax laws and deductions overview in the software. If you want to skip the IRS publication or TaxSlayer.com's deduction and credits overview our deduction finder will kick in to save the day.
3. Review last year's tax return before you complete your return for this year
Sometimes looking at last year's return will remind you of something you should have included on your return for this year.
If you follow these 3 simple steps you are sure to get the biggest refund possible!
With tax season literally weeks away, now is the time to have a perfect understanding of the American Opportunity Tax Credit. The American Opportunity Tax Credit is an education tax credit that can really improve your tax refund.
The American Opportunity tax credit is available for the first four years of undergraduate education. The credit is worth up to $2,500 and qualifying expenses include tuition, fees, and other expenses that may be required as a condition of enrollment.
The best feature about this education credit is that 40% or up to $1,000 is refundable. You may ask yourself what does refundable mean? It’s just tax jargon that means if your refund was $100 and you were eligible to claim the American Opportunity Tax Credit your refund would increase by $1,000 to $1,100. Just remember refundable credits put dollars in your pocket!
Be sure to use TaxSlayer.com’s Deduction Guide or help videos to see if you qualify for this powerful education credit.
Dec
13
Tax Deductible Christmas
The holidays are here ladies and gents and that means it’s time for holiday shopping. Whether you are headed to the stores for Christmas presents, Chanukah surprises, Kwanza gifts, or all of the above, shopping can be stressful for everyone. I remember a Seinfeld episode where George was fed up with people giving gifts to charity so he created his own, the “Human Fund” and encouraged people to donate to that. Now, while setting up your own charity is ill advised, and quite possibly illegal, there are other options. Any donation that you make to a charity (as long as it is approved by the IRS) can be taken as a deduction on your taxes.
Now comes the interesting part. Let’s say that Sally makes a donation to the American Cancer Society on John’s behalf and gives him a certificate acknowledging the donation as a holiday gift. Who can take the tax deduction? Well while John can enjoy the warm hearted nature of the gift and might be very appreciative, as long as Sally maintains record of the donation SHE gets the deduction. Keep in mind that a deduction can only be taken by the person making the donation and can only be taken by one person. In essence, Sally reaps the benefits for her Christmas gift…sounds pretty good right? Make sure that if you choose to make a donation and give it as a gift you research the charity and ensure that the donation is tax deductible. So long as that is the case you can enjoy the benefits of giving gifts that really do give back.
TaxSlayer.com’s donation tracker can help you categorize your donations and be ready for tax season. Make sure to check it out today by registering on TaxSlayer.com.
