Taxcut Basic
Taxcut Basic
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taxcut says there is a deduction for real estate taxes paid for non itemizers - true?
here is the text of the expansion of this from taxcut app.
"Real Estate Tax Deduction for Non-Itemizers
This is the amount of real estate taxes you can deduct in addition to your basic standard deduction. It's limited to $500 ($1,000 for married filing jointly)."
I ran the same nmbrs thru taxslayer.com, and taxslayer did not give me this.
which one is right?
True. See schedule L. The deduction started for 2008 taxes, although schedule L is new for 2009 taxes.
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Today you can get the same advantage that a professional tax expert even if you prepare your tax yourself. Helpful, fast and easy to use income tax software is readily available from various software companies online and offline. Various tax software programs can be downloaded for free, shareware or paid software. Just do a search online for "tax software review" and you will find many sites with great info, tips and advice.
There are many different brands of tax software available. Three companies lead the pack for desktop tax software. They are TurboTax, TaxCut and TaxAct.
TurboTax is a great tax software that is thorough and easy to use, even for complex returns. Simple returns can be completed very quickly, and complex returns can be completed more quickly than in past years. This year Turbo Tax is charging for e-filing: $14.95 for Federal and $14.95 for state..
TaxCut. This tax software is considered the best tax software for those on a small budget. It does not rank as high as TurboTax but it is much cheaper and that is worthwhile to many consumers. TaxCut offers almost everything that TurboTax offers except Year-to-Year Deduction Comparisons. TaxCut is an excellent tax product at a low price. TaxCut Premium + State is just $39.95.
TaxAct. This income tax software is available online for download and on CD-Rom. The basic tax software program is free, and the deluxe and ultimate bundles are cheap. Both the basic and the deluxe tax software packages compute federal tax with the state tax forms available for an additional fee. The advantage of the tax software version is you can use the same tax software program each year as long as you update the tax software. Deluxe and state editions are available at www.taxact.com.
Read more about tax software in our free guide below.
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