eSmart Tax Blogs

The New eSmart Tax Experience: A Sleek, Refreshing Appeal

Since eSmart Tax’s beginnings in 2006, we’ve made great strides to change the way you prepare your taxes online.  Today, we released a shiny, sleek, and clean new system to enhance your tax experience.  We’ve listened to your feedback, comments, and questions and developed our brand new interface around your needs.  The new eSmart Tax is our way of bridging the gap between boring tax requirements and the features that you value in a web-based application. 

Posted To: The Daily Deduction
By: Lauryn on 1/3/2014 02:28:19 PM

Your Charitable Donations Help Your Community and You!-

As we approach the twilight of another year, it is most appropriate to consider increasing charitable donations to your favorite non-profit, church, or synagogue.

You can use your Required Minimum Distribution (RMD) to make a charitable contribution.  Contact the custodian who holds your IRA/401K monies (generally this will be a bank, or brokerage) and ask them to do the paperwork on this.  You'll need to get the Employer's Identification Number (EIN) from the charity and give that to your banker or broker.  If this transaction is done by transferring from the institution to the church/non-profit, then you will not have to declare this money as income for 2013.  Remember, you must not take the money out yourself and "touch" it - then, it would be income to you!  (By the way, this tax benefit is slated to expire on 12/31/2013, so don't count on it continuing for 2014!)

Posted To: The Greenhornet Blog
By: The Greenhornet Blog on 12/24/2013 06:05:00 AM

End-Of-Year Tax Moves to Save You Money

Due to the Affordable Care Act, there are some 20 new taxes that may affect you. Therefore, if you are a high-earner (over $200K if single or head of household or qualifying widow, $250K if married filing jointly, and $125K if married filing separately), you may owe additional Medicare taxes on your 2013 income.  The additional taxes would be .9% on your wages and self-employment income that exceeds the above limits. 

Posted To: The Greenhornet Blog
By: The Greenhornet Blog on 12/23/2013 03:05:00 PM

After-Holiday Expense Relief

Now that the last of the tree ornaments have been tucked away into the garage, it's time to think about ways to get back on track with your expenses. Experiencing some after-holiday relief not only means taking a break from sweets and other baked goods.  It may mean a slight makeover of your budget and lifestyle choices.  While it may take some time to get back into more conscientious spending and enjoy your after holiday relief, it can be a smoother transition into the new year with some helpful tips:

Posted To: The Daily Deduction
By: Lauryn on 1/2/2014 12:10:00 PM

Money-Saving Resolutions for The New Year

While the holidays are time for family and good cheer, they also often are a time for over indulgence and poor spending. The new year is a time to wipe the slate clean and rededicate yourself to better spending habits. This New Year's Eve, make the resolution to make these simple changes to increase savings accounts and cut back on non-essentials.

Posted To: The Daily Deduction
By: Lauryn on 1/2/2014 02:32:03 PM

Financial Frights to Watch Out For

8 Financial money-saving tips to watch out for.

Posted To: The Daily Deduction
By: Lauryn on 10/28/2013 11:41:05 AM

IRS Audit Giving You Nightmares? Rest Your Fears – eSmart Tax Has FREE CPA Audit Assistance

Afraid the IRS is going to come addressed as a cute little kid and scream “This is no trick or treat. This is an IRS audit!” at your doorstep? Don’t be. If you filed with eSmart Tax, you can use our complimentary CPA Audit Assistance service to chat with a CPA about your situation.

Posted To: The Daily Deduction
By: Lauryn on 10/23/2013 12:45:00 AM

Weekly Tax Inventory - 10/18/2013

This week in tax news: Government reopens, Role of Medicare in the debate, consequences of the budget deal and more...

Posted To: The Daily Deduction
By: Lauryn on 10/18/2013 12:17:19 PM

Thanks For Another Great Tax Season!

Thanks to our eSmart Tax fans, community members, subscribers, and customers! We’ve completed another successful tax season!

Posted To: The Daily Deduction
By: Lauryn on 10/16/2013 12:05:00 AM

Last Minute Tax Tips for Extension Filers

Feeling the time crunch because your extended tax return is due at midnight tonight? October seems to have just snuck up on us all of sudden. To ease the tension, eSmart Tax is providing a few last minute tax tips for your sanity.

Posted To: The Daily Deduction
By: Lauryn on 10/14/2013 11:02:46 AM

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