|
IRS e file Online Federal Form 1040 or 1040A or 1040EZ  efile State Returns |
|
IRS e file Online Federal Form 1040 or 1040A or 1040EZ efile State Returns |
|
Income Tax Return Preparation Online Make taxes less taxing by efiling your tax return. Tax preparation make simple, reliable, more accurate, with faster refunds twice as fast as with a paper return, e-file and direct deposit for faster refunds and your information is safe and secure, protected by SSL encryption. Free tax return preview. All from your own computer for one low price. There are no hidden charges. You don't have to choose between different packages. Just step through the easy interview and fill out the needed forms and you'll always get the lowest cost option possible for you. Guaranteed. SIMPLE FORM 1040EZ • Single or married and under 65 • Without kids or dependents • Standard deduction • Taxable income under and less than $100,000 is  and for an additional $29.95 you can complete as many State(s) as you need for tax preparation, efiling and printing. Total for Form 1040EZ and State(s) is $29.90 If no state is required, the Form 1040EZ is
.BASIC FORM 1040A • Retirement income • More tax credits • Standard deduction • Taxable income under and less than $100,000 is $19.95 to complete, print and e-file and for an additional $29.95 you can complete as many State(s) as you need for tax preparation, efiling and printing. Total for Form 1040A and State(s) is $49.90 If no state is required, the Form 1040A is $19.95. DELUXE FORM 1040 • All personal and business income • All tax credits • Itemized deductions or Standard deduction • Any taxable income amount is $39.95 to complete, print and e-file and for an additional $29.95 you can complete as many State(s) as you need for tax preparation, efiling and printing. Total for Form 1040 and State(s) is $69.90 If no state is required, the Form 1040 is $39.95. Tuesday January 17, 2012 Today is and you have U S Central Standard Time to 
and efile and print your 2011 tax return with the IRS and your State before the 2011 e-file deadline midnight Tuesday April 17 , 2012 efiling with the IRS before this date to avoid 2011 failure to file penalities. Monday, April 16, 2012 is Emancipation Day in the District of Columbia. E filing for tax year 2011 will end December 26, 2012. 
 NEW FOR THE IRS  TAX YEAR ?2011 IRS Mileage Rates Beginning January 1, 2011 till June 30, 2011, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: and Beginning July 1, 2011 till December 31, 2011, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: and 2011 Personal and Dependent Exemption The value of each personal and dependent exemption, available to most taxpayers, is $3,700, up $50 from 2010. 2011 Standard Deduction The new standard deduction is $11,600 for married couples filing a joint return, up $200, $5,800 for singles and married individuals filing separately, up $100, and $8,500 for heads of household, also up $100. The additional standard deduction for blind people and senior citizens is $1,150 for married individuals, up $50, and $1,450 for singles and heads of household, also up $50. 2011 Sales and Dispositions of Capital Assets
The new Form 8949 will be used to report all sales of capital assets that were required to be reported on Schedule D. Page 1 is for Short-term sales and Page 2 is for Long-term sales. Individual short-term and long-term capital asset sales that were required to be reported directly on Schedule D will now be reported on Form 8949. There will be three ( 3 ) types of reporting of tranactions with a seperate Form 8949 for each type. Transactions reported on Form 1099-B with basis reported to IRS. Transactions reported on Form 1099-B but basis not reported to IRS. Transactions reported without Form 1099-B. Schedule D (Capital Gains and Losses) Page 1 has now become a summary page to report the totals from new Form 8949 and Forms 4684, 4797, 6252, 8824, 2439 and Schedule K-1. 2011 Form 8938 Statement of Foreign Financial Assets
New Form 8938 will be used by individuals to report IRS required information if their total specified foreign assets are over $50,000 in 2011. 2011 Earned Income Credit (EIC) The maximum earned income tax credit (EITC) for low- and moderate- income workers and working families rises to $5,751, up from $5,666 in 2010. The maximum income limit for the EITC rises to $49,078, up from $48,362 in 2010. After 2010, you can no longer get advance payments of the credit in your pay during the year as you could in 2010 and earlier years. This is because the law has changed. However, if you are eligible, you will still be able to claim the credit on your return. 2011 Alternative Minimum Tax (AMT) The AMT exemption amount has increased to $48,450 for singles and head household, $74,450 for married filing jointly and qualifying widow(er) and $37,225 for married filing seperately. 2011 Social Security Maxiumum Taxable Earnings Social Security withholding is 6.20% on income to a maxiumum of $106,800.00 for the year. Medicare withholdings is 1.45% with no limits on income for the year. 2011 Social Security Earnings Test Exempt Amounts Social Security under full retirement age is $14,160.00 a year is exempted. Social Security the year individual reaches full retirement age is $37,680.00 a year is exempted. For amounts over the exempt income one dollar ($1.00) in benefits will be withheld for every $3.00 in earnings above the limit. There is no limit on earnings beginning the month an individual attains full retirement age. NEW FOR THE IRS  TAX YEAR ?2012 IRS Mileage Rates Beginning January 1, 2012 till December 31, 2012, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: and 2012 Personal and Dependent Exemption The value of each personal and dependent exemption, available to most taxpayers, is $3,800, up $100 from 2011. 2012 Standard Deduction The new standard deduction is $11,900 for married couples filing a joint return, up $300, $5,950 for singles and married individuals filing separately, up $150, and $8,700 for heads of household, also up $200. The additional standard deduction for blind people and senior citizens is $1,150 for married individuals, remaining the same as 2011, and $1,450 for singles and heads of household, remaining the same as 2011. 2012 Earned Income Credit (EIC) The maximum earned income tax credit (EITC) for low- and moderate- income workers and working families rises to $5,891, up from $5,751 in 2011. The maximum income limit for the EITC rises to $50,270, up from $49,078 in 2011. 2012 Cost of Living Adjustment (COLA) Social Security beneficiaries will receive a 3.6% cost of living adjustment. The standard premiums for most Social Security beneficiaries for Medicare part B will be $99.90 for 2012, up from $96.50 for prior years. Higher income beneficiaries, the premiums will be higher, $85,000.00 for single beneficiaries and $170,000.00 for married beneficiaries. 2012 Social Security Maxiumum Taxable Earnings Social Security withholding is 6.20% on income to a maxiumum of $110,100.00 for the year. Medicare withholdings is 1.45% with no limits on income for the year. 2012 Social Security Earnings Test Exempt Amounts Social Security under full retirement age is $14,640.00 a year is exempted. Social Security the year individual reaches full retirement age is $38,880.00 a year is exempted. For amounts over the exempt income one dollar ($1.00) in benefits will be withheld for every $3.00 in earnings above the limit. There is no limit on earnings beginning the month an individual attains full retirement age. 2012 Foreign Earned Income Credit The foreign earned income deduction rises to $95,100, an increase of $2,200 from the maximum deduction for tax year 2011 2012 Lifetime Learning Credit The modified adjusted gross income threshold at which the lifetime learning credit begins to phase out is $104,000 for joint filers, up from $102,000, and $52,000 for singles and heads of household, up from $51,000. 2012 Maximum deduction for interest paid on student loans The $2,500 maximum deduction for interest paid on student loans begins to phase out for a married taxpayers filing a joint returns at $125,000 and phases out completely at $155,000, an increase of $5,000 from the phase out limits for tax year 2011. For single taxpayers, the phase out ranges remain at the 2011 levels. 2012 Estate and Gift For an estate of any decedent dying during calendar year 2012, the basic exclusion from estate tax amount is $5,120,000, up from $5,000,000 for calendar year 2011. The annual exclusion for gifts remains at $13,000. quote for you to think about and ponder today about income taxes. |
|
IRS efile Online Tax Return Preparation 1040 1040A 1040EZ Phone (314) 481-5220
Go To Tax Preparation Efile Online for Individual Returns Form 1040 1040A 1040EZ other web pages [ Materials Needed | Forms & Instructions [ Services Provided | Frequently Asked Questions | Code of Ethics | About Who We Are | Links ] ~Thank you for visiting IRS e file Online Tax Return Preparation Web Page~ |
click here
