Estimate and Save Reciepts

27 Sep Estimate and Save Reciepts

Estimate Your Taxes. You can use TurboTax TaxCaster to estimate your taxes and see if you need to make any last minute tax moves. The IRS treats income taxes withheld from your paycheck as if they were paid in equal amounts throughout the year. So if your calculations show you’ll owe money, you can increase the withholding on your last paychecks of the year to make up the difference. You can also try the new TurboTax MyTaxGuru to see what you can do to get a bigger tax refund when you file your taxes.

Don’t Forget to Gather Your Receipts. You can deduct union dues, legal and professional fees relating to tax and investment advice, and unreimbursed employee business expenses of mileage, equipment, education, and supplies, among other things. If you pay a lot of expenses for your job or your investments, gather up the receipts and cancelled checks so you can save more money when you file your 2013 taxes.

(provided by Intuit Turbo Tax)

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