Tax Tips for 2009 Tax Year

Posted by Home Morgage | Personal Finance | Monday 1 February 2010 7:18 am

To help you make the most of your 2009 taxes, here are some tax tips to help you organize, prepare, and take advantage of the available tax deductions and tax credits for 2009 tax year. Instead of trying to compile my own list, I reached out to a few personal finance bloggers to share their best tax tips for 2009. By the way, make sure you read through to the end because there are some great giveaways from TurboTax and TaxCut.

Tax Tips

Tax Tips To Help You Prepare and Organize

How to Organize Your Tax Documents, Cash Money Life — tips on organizing your tax documents to reduce errors and save you time (essential if you hire an accountant!).
Tax Preparation Checklist, PT Money — A quick list of things you may need to file your taxes.
Prepare Your Own Taxes – It’s Not Hard, Being Frugal
Random Lessons Learned While Preparing Taxes, Man vs. Debt
Which Tax Records Should You Save And For How Long?, Amateur Asset Allocator — Throwing away last year’s tax records when you’re done with them could land you in trouble if the IRS comes knocking. Here’s what you should keep and for how long, just in case.

Tax Tips to Help You Maximize Deductions and Credits

2009 Tax Credit & Deduction List, Finance for Freelance Life — Wondering which deductions & credits you’re eligible for? Try this list.
2010 Tax Tips to Take Advantage Of, Good Financial Cents — 2010 brings on a slew of new tax tips to be aware of.
2010 Roth IRA Conversion Rules, Bible Money Matters — A look at the 2010 Roth IRA conversion event, and why it might be a good idea for you to take part (or why not).
Tax Credits for Home Buyers and Owners, Debt Free Adventure — When filing their 2009 income tax returns homeowners should be sure to consider these home tax credits.
Looking to refinance your home? Don’t miss these potential tax breaks, The Wisdom Journal — Reduce your house payment AND your taxes!
New Car Tax Deduction, My Dollar Plan
Tax Tips: Claim Your Lifetime Learning Credit, Green Panda Treehouse

More Tax Tips

Tax Tips for Parents, Free From Broke — Some great deductions and claims on your taxes you may be able to use if you have children.
How to Report Tax Fraud & Tax Cheats, Bargaineering
How to Avoid Tax Audit, Moolanomy by Miranda Marquit

TurboTax and TaxCut Giveaways

Now for the fun part! A couple of weeks ago, the nice folks at Intuit TurboTax invite a few bloggers in the Washington DC area to a party to kick off the new tax season. At the end of the evening, I was given some TurboTax gift cards to share with you. Separately, the folks at H&R Block also sent me their TaxCut software and a few TaxCut coupons to share.

As such, I’ll be selecting 1 winner over the next 5 days to either receive the TurboTax gift card or the TaxCut coupon.

The rule is very simple: Share a tax tip, a tax story, a TurboTax review, or a TaxCut review in the comment section below. And some time during the day, from Monday through Friday, I’ll announce one winner each day.

Please make sure you’re in the U.S. and are planning to file your own taxes. There’s no point in wining the prize if you’re not going to use it.

About the TurboTax Gift Card

The TurboTax Gift Cards are provided by Intuit. The card is for TurboTax Premier Federal & State Returns Online only (approximately $87 value). The Premier version is designed for tax filers who has a lot of investments and own rental properties.

You can use TurboTax online for free and do not have to pay until you print or efile. To use the gift card:

Prepare your tax return online at TurboTax.com.
In the Print and File seciton, when you get to the screen titled “Review your TurboTax Fees”, click on the link at the bottom of the page that says “Enter Pre-Paid Code”.
Enter the Pre-Paid Code that comes with the card.

Terms and Conditions: The code is redeemable at TurboTax.com and good for one free federal and state preparation and e-file with TurboTax Premier Online 2009. This code can only be redeemed once and is only valid through the 2009 tax season. Codes may not be redeemed for cash and are not for resale. Lost or stolen cards will not be replaced.

About the TaxCut Coupon

The TaxCut coupons are provided by H&R Block. The coupon is for H&R Block At Home Online Tax Preparation (approximately $150 value).

You can use TaxCut online for free and do not have to pay until you print or efile. To use the coupon:

Prepare your tax return online at HRBlock.com.
When you come to the Order Summary page, click on the “Where do I enter my Key Code?” link on the right hand side of the page.
Enter the Key Code. After entering your key code, you will be taken back to the Order Summary screen and provided instructions on how to proceed.

Disclaimer

Moolanomy only acts as an intermediary to provide you with the prizes. We cannot provide you with any type of product support, nor do we provide any kind of guarantee.