Top 10 Apps to Organize and File Your Taxes
Filing tax returns is an annual ritual and true to the adage that nothing can be as obligatory as paying up taxes. Filing taxes is often a tedious process which creates problems for many people. It is a period time which is punctuated by stress, confusion and annoyance.
Suffer no more since there are different ways through which you can simplify the whole process of filing taxes. It is possible even without schooling or professional help. Read through and learn about the top 10 apps to organize and file your taxes. The apps will surely simplify the process and make the process less stressful.
The top 10 apps to organize and file your taxes will also help you save on time.
The H&R Block at Home 1040EZ is an app which helps people to file the 1040EZ income returns. Filing returns becomes a simplified task with the use of the app. The app is intended for people with a straightforward income and without itemized deductions. The app has another feature which will allow you to take a picture of the W-2 and import all entered values. The H&R Block app is a free and has been made available for iOS and android.
The IRS2Go app is available for iPhone and android devices. It is a free app which will help you interact with the IRS. This is through access to the tax tips and information regarding any changes to the tax legislation. Additionally, the IRS2Go app will help in checking the status of your tax refund and also help in requesting a copy of your tax return.
The TurboTax SnapTax app is another free app made available for iPhone and android. The app is a great option since it will help you file your returns in less than ten minutes. The app is meant for people who do not have a home and whose income comes from W-2 and interest. The income bracket is an individual no earning more than $100,000 and not earning $120,000 as a married couple.
For the electronic filing of the state and federal tax returns, you can upgrade to the paid app at a cost.
The Tax Organizer app is sometimes referred to as the receipt organizer. The reason is the app has the feature to allow it take a photo of a receipt, save it and use it as a tax deductible expense. The app is of utmost help to people who travel or are always on the move especially on business. The app will allow you to keep entering information on all of your expenses such as entertainment and meals. Additionally, the app can be used to manage rental property. The Tax Organizer is a paid app offered free over the first 30 days.
The Mint app has been made to include all the features that are associated with the website Mint.com. It is a free app which provides automatic categorization of transactions and the provision of interactive budgets and graphs. The app also allows that transactions which are not tax deductible are tagged for ease of calculation of taxes.
The Shoeboxed app is used as a receipt reader and tracker and will help individuals organize and store their receipts. The app is only available for iPhone users and is totally free. The app allows that a picture of the receipt can be taken and the app extracts information such as date, type of payment and the total amount paid. The digital copy of receipt obtained is acceptable to the IRS. Other features of the app are the ability to export expenses to QuickBooks or Excel and even emailing an expense report.
The Outright app is best suited for small business owners and it is yet another app made available for iPhone users. There is a free version and a premium version. The app will organize all business finances, track income and expenditure and even the people buying from you. It is a welcome relief especially when calculating tax.
Slice is a free app which is available for android and iPhone. The slice app will sync to your email from which it is able to pull information such as e-receipts and organize them. It is perhaps a very useful app for people without extensive knowledge of tax procedures. It will ensure that deductions are all included and all expenses are factored when filing tax returns.
MileBug is an app which tracks trips and allows for quick entry of items. The app will allow you to track trips by purpose such a business trips and by the destination of the trip. In so doing, the app will allow tracking of standard deductions and reimbursements for all trips taken.
Trip Cubby and Gas Cubby
Trip Cubby and Gas Cubby are sister apps which will help in the tracking of trips. Both are apps made available for iPhone at a very minimal cost. The Trip cubby ensures that all trips whether on medical or business purposes are tracked via mileage. This information can then be produced for expense purposes to file tax returns or seek reimbursements.
Gas Cubby will track gas and other maintenance expenses related to the car. This information can be exported to excel sheets for record purposes and for filing taxes.
We can thank technology for making available apps which will go a long way towards organizing and filing your taxes besides tracking your income and expenses. It can be done right from you smartphone with the top ten apps to organize and file your taxes.