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You are here: Home / Archives for 2014

Archives for 2014

H&R Block: 2013 Income Tax Filing Options

March 22, 2014 by Tracy

H&R Block: 2013 Income Tax Filing Options

Photograph Credit: H&R Block

The April 15, 2014 tax deadline is quickly approaching. I know some are still wondering if filing yourself is best or just hiring a professional may be easier.

With so many companies luring in individuals with FREE federal income tax filing, I took time last year to breakdown the top three companies and their prices: TaxACT, H&R Block, and Turbo Tax.

Using the same format as last year, I am updating those same three companies’ information as prices and services have changed for this year.

Having already reviewed TaxACT, who had a $.04 increase this year, I now turn to H&R Block who has significantly increased their prices since last year. Ouch!

Free Option – Cost $0

The free option is suited for first-time filers and includes preparation for simple federal tax returns and e-filing. Each state filing incurs a $29.99 fee.

Basic Option – Cost $34.99

Designed for simple returns, the basic option includes federal tax preparation, imports your information from last year (if you used H&R Block, Turbo Tax, or TaxACT), one federal e-filing, and stores your return for 3 years with unlimited access. State filing costs an additional $39.99 per state.

Deluxe Option – Cost $49.99

For homeowners and investors who itemized their deductions, this deluxe option package contains everything in the basic option plus gives guidance on home mortgage interest, provides help with your investments and dividends, and offers a valuation of your charitable donations. State filing is an additional $39.99 per state.

Premium Option – Cost $74.99

Created for business owners and rental property owners, this premium option includes everything from the deluxe package plus maximizes business deductions (Schedule C), rental property guidance (Schedule E), and priority support. State filing costs an additional $39.99 per state.

After reviewing the H&R Block options, I would have had to pay the $114.98 price as I file a Schedule C for Using Time Wisely. Though this price might be reasonable for the services provided, I am truly grateful for TaxACT as the $17.99 price was a better option for our family and continues to meet our needs.

NOTE: None of these tax filing posts are sponsored, nor am I being compensated for any of these posts. The opinions are 100% mine.

In noticing that more companies are luring customers with FREE federal tax filing, I wondered how they compared. So, I’m finding out by doing a little research, and passing that information along to you.

Having looked at TaxACT and H&R Block, I will continue this short series by reviewing TurboTax next. Stay tuned to see which option is best for you. Happy choosing!

Question: Do you know of any other FREE or discounted tax filing options with online service? If so, please share in the comments as I will research those options as well. Thanks!

Filed Under: Services, Stretching Your Dollars Tagged With: H&R Block

TaxACT: 2013 Income Tax Filing Options

March 21, 2014 by Tracy

TaxACT: 2013 Income Tax Filing Options

Photograph Credit: TaxACT

Last weekend, I camped out at my desk. After paying bills, sorting mail, and clearing off all the paperwork, I filed our taxes using my 5 Steps to Filing Your Tax Return. Yay!

Even though I use my favorite tax service, I still get a knot in my stomach and a bit nervous when answering the questions. I know the taxes are right, but I feel the weight of the responsibility on my shoulders as I work through the process.

Weird? Maybe. But taxes are nerve-racking even if you are using the best service provider.

With so many options and businesses offering FREE federal 2013 income tax filing options, I know making the decision on where to file gets overwhelming. Last year, I reviewed the pros and cons of three similar tax companies: TaxACT, H&R Block, and Turbo Tax.

As some filing and pricing options have changed, I will review those options again. To begin my review, I will start with my favorite option, and the one I have used for a few years, TaxACT.

Free Federal Option – Cost $0

The FREE federal option includes preparation for simple and complex (without itemized deductions) federal tax returns with e-filing, tax help, and audit support. State filing cost $17.99.

Deluxe Federal Option – Cost $12.99

Designed to maximum your deductions, the deluxe federal option includes your federal tax preparation, imports your information from last year (if you used TaxACT), one federal e-filing, tax help, and audit support. State filing costs an additional $5.00.

Ultimate Bundle Option – Cost $17.99

Best filing choice, if you need to file a state return, as this ultimate bundle option includes everything from the deluxe federal package plus a state filing and phone support.

Other Options

For those families who have multiple family members filing individually, TaxACT offers downloadable packages to prepare all your family’s forms along with a number of e-filing services. This option is great for families with working children or retired parents.

TaxACT is my favorite service offering 2013 income tax filing options. Having purchased the ultimate bundle for $17.99, I filed our 1040 tax return with Schedule A (deductions) and C (business) along with our state return. With the audit help available, I know I will get assistance should we get another audit letter to dispute.

As I continue to review the other two tax services, you will see that this price cannot be beat. In addition to a great price, TaxACT is also user-friendly with phone and audit support.

If you are still considering your options, then hang in there because the next review in this short series is H&R Block. Stay tuned . . .

Question: What do you look for in a tax service?

Filed Under: Services, Stretching Your Dollars Tagged With: TaxACT

2014: Happy 1st Day of Spring!

March 20, 2014 by Tracy

2014: Happy 1st Day of Spring!
2014: Happy 1st Day of Spring!

Photograph Credit: Microsoft Images

It’s here – whether it feels like spring or not.

The time to replace hats, scarves, and gloves with umbrellas, raincoats, and rubber boots has arrived.

With spring maintenance underway, we are getting our house pressure washed and the heating and cooling systems inspected.

We are welcoming the spring season with the scent of lemon wafting through our home since cleaning is on the back burner while I have maintenance personnel traipsing through our home.

In celebration of this first day of spring, we will head to our local Rita’s for a FREE Italian ice this afternoon and then watch our brackets as March Madness starts today.

Though we are not focusing on the upcoming allergies, pollen, and spring colds, we are watching for birds, flowers, and baby animals.

The sun is peeking out of the rain clouds and chasing away the cold. Enjoy today as we say goodbye to winter and welcome spring with open arms.

Happy 1st Day of Spring!

Question: How are you celebrating today?

Filed Under: Holidays, Uncategorized Tagged With: spring

Rita’s: FREE Italian Ice on March 20, 2014

March 19, 2014 by Tracy

Rita’s: FREE Italian Ice on March 20, 2014
Rita’s: FREE Italian Ice on March 20, 2014

Photograph Credit: Rita’s Italian Ice

On another cold and rainy day, I’m looking forward to the change in seasons this week.

Not only due to the hope of warmer weather, but also because Rita’s is celebrating with FREE Italian ice on March 20, 2014. Yay!

Along with the start of the Men’s NCAA Basketball Tournament, we get to enjoy a FREE Italian ice on Thursday. Rita’s Italian Ice celebrates the first day of spring by giving each guest a FREE Italian ice in an available flavor of your choice.

This event is quite popular in our area. A couple years back, our choice was limited to two flavors: lemonade or cherry. By narrowing the selection, our local Rita’s was able to keep up with the demand as many guests were served in a short amount of time.

Please understand that you might find your location limiting the choices to keep the crowd moving. But all are welcome to enjoy a FREE Italian ice on March 20, 2014.

To find a Rita’s Italian Ice location near you, check this store locator. Schedule a stop between 12:00 p.m. and 9:00 p.m. to enjoy your first Italian ice of spring. Happy celebrating!

Question: Do you have a favorite Italian ice flavor?

Filed Under: Going Out, Free Outings, Family Activities Tagged With: Rita's

2014: March Madness – NCAA Basketball Tournament

March 18, 2014 by Tracy

2014: March Madness – NCAA Basketball Tournament
2014: March Madness – NCAA Basketball Tournament

Photograph Credit: NCAA Tournament

March Madness has started! The conclusion of the college basketball season culminates with the Big Dance, also known as the NCAA Basketball Tournament.

Last year, I posted a video of my son and daughter making their picks when they were 1 and 2 years old. (Love that video as it takes me back to when they were little.)

As a sports family, we love March Madness. Having dealt with the criticism of how poorly the Florida Gators performed during football season, I am thrilled that they are currently ranked #1 in basketball. My husband is a Duke Blue Devil’s fan, so it may come down to a showdown.

For those unfamiliar with March Madness, the NCAA (National Collegiate Athletic Association) hosts a single-elimination basketball tournament each year comprised of 68 college teams. Though the ladies have a similar competition, our family focuses on the men’s Final Four tournament.

March Madness Online

In 2013, Paul created a group on the Yahoo! Sports page for our family. We entered our picks, and the program kept track of our scores. Our son won the family competition hands down.

My only regret from last year was that I did not print our brackets. About a week after the tournament ended, I went to get the results, and Yahoo! had wiped out those groups to make room for fantasy baseball.

This year, Paul created a group with Sports Illustrated as Yahoo! would not setup a group without verifying a phone number. We did not wish to disclose that information, and Sports Illustrated did not require a phone number.

With the online version, all selections must be made by Thursday, March 20, 2014 at noon. This is the deadline for our bracket through Sports Illustrated. If you choose another online bracket, then check their deadlines to participate.

Once all our family members fill in their brackets, I will print them – even if the games have not begun. I want to be sure to have the brackets for this year. I can always go back to see who won the games and record the winners.

My children get excited about making their selections. The following embedded video is of my children making their 2014 first round picks. (Please pardon my youngest child’s manners as she is still learning proper etiquette, and I did not notice her actions while I was filming the event.)

March Madness on Paper

Prior to last year, Paul and I printed copies of the tournament bracket, made our picks, watched the games, and recorded the winners.

2014: March Madness – NCAA Basketball Tournament

Photograph Credit: Sports Illustrated

If you prefer a paper version, you can print a bracket from ESPN, CBS Sports, or Sports Illustrated.

You can choose how you want to score your brackets. For our family, we followed this guideline for each correct selection:

    • Round 1: One point
    • Round 2:  Two points
    • Round 3: Three points
    • Round 4: Four points
    • Round 5: Five points
    • Round 6: Six points
    • Round 7 (Championship): Seven points – we also guess the score.

If you have a sports fan in your family, then you will probably hear about March Madness, the Final Four, the Big Dance, or the NCAA Tournament – known by lots of names.

This competition continues to bring enjoyment to our family complete with bragging rights. In using time wisely, we love the bonding that this FREE activity brings to our home.

Watching the games and tracking the scoring heightens the competition. The games begin on Thursday, and the deadlines for the online versions are fast approaching.

Setting up a family group takes minutes which is a great use of time for this FREE family, group, or club competition. Happy choosing!

Question: Does your family make selections for the NCAA Basketball Tournament? 

Filed Under: Event Planning, Coordinating Tagged With: March Madness

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