TaxSlayer Blog is your source for tax preparation news, tips and advice.
This week TaxSlayer.com launched a mobile version of our website to iPhone users . The new mobile version of TaxSlayer.com allows you to create an account, login to your existing account, and access the My Deductions feature. In addition you can even estimate your tax refund via the Refund Calculator App. The new mobile site also offers a great way to check your tax return status on the go. Stay tuned for an Android version of the TaxSlayer.com website in the coming weeks. Click here to visit the TaxSlayer.com mobile site.
Sometimes, we scratch our heads at certain taxes. Taxes can be a complicated and grueling process. But that’s why TaxSlayer.com is here to give you a heads up on state taxes. Here a list of the some of the most interesting state tax laws in the US. 1. The Blueberry Tax of MainMaine is blueberry central. They produced 83 million pounds of wild blueberries last year. According to state laws, anyone who grows, buys, sells, or handles blueberries is subject to the three-fourths of a penny per pound tax. The $1.5 million in revenue has been used for research and educational programs to help the crop grow better. 2. Hawaii’s “exceptional trees”If you are into gardening in Hawaii, you can deduct up to $3,000 for maintaining your trees. The tree must have historical and cultural significance. The state has over 1,000 “exceptional trees.” 3. The Flush Tax of MarylandSince 2004, all households get charged an extra $2.50 to their monthly water bill. The tax has produced over $370 million since 2004. The extra money has helped the state develop better technological processes for making water cleaner. 4. Arkansas “damaged cars” Since Arkansas is prone to bad storms, there is a sales tax extended to cars that have been affected by natural disasters. The law applies to vehicles whose damage causes the car to be reduced to 30% of it’s value. 5. Premarital Counseling in South CarolinaIf you plan on getting married in South Carolina, you are eligible for a $50 credit for receiving pre-marital counseling. As long as the counseling is done by a certified clergy member and the couple receives a marriage license during that year, they are eligible for the money. 6. Live Long in New Mexico If you are over 100 years of age and not claimed as a depended, you are exept from income tax in New Mexico. These may seem like strange laws, but they are all real and possibly beneficial to you as a taxpayer. There are tons of state taxes that apply to you and your family. Luckily, TaxSlayer.com has a tremendous support team that is willing to help you with any questions you may have about e-filing your state taxes.
When kids are out of school, you don’t want them to wander the streets all day. Summer day camps have become extremely helpful for working parents. Now, they are even more helpful when it comes to taxes. These extra expenses for summertime care can actually help you qualify for a tax credit. During school vacation, children under 13 can attend many different types of summer camps. These camps are provided by non-profits, the YMCA, and local churches to name a few. The IRS understands the added expenses, and they want you to know some facts about receiving credit for the camp costs. The five facts are listed below to qualify for the Child and Dependent Care Credit. 1. The amount of money paid for the day camp can contribute as an expense towards the child and dependent care credit. 2. Overnight camp expenses do not qualify for the credit. 3. Whether your childcare provider is a daycare facility or a sitter outside the home, you'll get some type of tax benefit if you qualify for the credit. 4. Depending on your income, the credit can be up to 35 percent of your qualifying expenses. 5. You may use up to $3,000 of the unreimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit. These expenses are not exclusive to summer camps. Any childcare expenses that qualify can be used for the Child and Dependent Care Credit. TaxSlayer.com has these instructions built into the program for e-filing federal taxes. The helpful interview process can guarantee you the biggest refund. For more information check out IRS Publication 503, Child and Dependent Care Expenses. Please contact TaxSlayer.com if you have any questions about the credit as well.
In light of the earthquake causing widespread devastation to the island nation of Haiti in early 2010, TaxSlayer.com wanted to help. After researching the best avenues available they made a connection with Save the Children through contacts at TRG Motor-sports. TaxSlayer.com instituted a pilot program allowing users of their online tax filing service to donate $1 to the earthquake relief efforts being provided by Save the Children. The pilot campaign was a great success, raising over $27,000. TaxSlayer .com looks forward to continuing this program in the future and encourages its clients to recommend worthy charitable causes for the 2011 tax season.