“This post is part of a social shopper marketing insight campaign with Pollinate Media Group® and TurboTax, but all my opinions are my own. #pmedia #TurboTaxACA http://my-disclosur.es/OBsstV

What does tax season make you feel ladies? Are you in the majority who dreads the time
frame between January, and April? Do you put off filing your taxes, procrastinating as long as you can?

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I totally hear you as tax filing day doesn’t exactly remind me of a big chocolate cake, and a mug of hot tea? ( what can I say those are the things that make me giddy 🙂 ) I want to share with you today a tool that makes tax filing feel like a breeze. It is so easy to use, and oh very convenient. The name of my hero for this time of year is TurboTax.

We’ve been using TurboTax for a while now to file our family’s taxes. This year I did something brave, and took on the responsibility of doing our taxes by myself. I may have mentioned that my hubby is a CPA, and works in finance. Seriously I don’t know what came over me.

Every year since we got married he does our taxes while I watch him, usually with a big bowl of popcorn on my lap, and a mystery book open next to me. I glance from the book to the screen randomly LOL. 2015 would be the year I prove I didn’t skip my accounting classes at graduate school. Not only that, but I would also have to educate myself about the new requirements on tax filing which includes reporting your insurance stats. Thankfully TurboTax made me look good. Very good!

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First let’s take a look at the new requirement of this year’s tax filing. The Affordable Care Act (ACA) requires all Americans to have health insurance in 2014, otherwise you pay a penalty. In short, this year, you have to report your insurance stats. Health insurance open enrollment ends on Sunday, February 15. This is the last chance you’ll have to purchase insurance to avoid a penalty on your taxes next year.

TurboTax Health, and the tools it provides clarifies any confusion there may be surrounding this change. As you can see on my screen above, you get to choose your insurance situation.  For instance if you get insurance from work you just check a box, and you are all done.

You can also watch these videos depending on your insurance situation to learn more:

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Here is the actual screenshot of how you choose your insurance situation.

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This is how my insurance information would show.

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Here is a quick tutorial of what else you can expect from TurboTax! First of all a huge bonus for those of you who are filing simple tax returns ( 1040EZ/104A) TurboTax has a Federal Edition that is completely free. This is only through February 16th so make sure you act fast to take advantage of this great offer.

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TurboTax walks you through each step of the process. You start with the above screen, and choose how you did your taxes last year.

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It’s super easy to set up your account, and having an existing account helps to maximize your refund. You wouldn’t need to re-enter the basic info.

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Here is what TurboTax does next. Gathering all the information needed to make sure you get your biggest refund possible so you can start dreaming how you’ll use the $. A new handbag, a family trip, a new vacuum cleaner, or ultimate girls day at the spa? Possibilities are endless. 🙂

file5As you can see above, you can find answers to any questions you may have regarding the tax filing process. After you answer all the questions asked of you, based on your unique life, you are guided through entering your tax info. TurboTax submits the return, and email you when your return is accepted. No more dreading tax filing, just the exciting anticipation of  your tax return. <3 Totally recommend this super helpful service!!

Some Blogger Specific Tips

If you are a blogger, and have an income from your blog you need to keep a couple things in mind that I quickly want to touch on. I am not a tax expert, these are tips I learned researching. Always consult a tax expert for specific information.

  • You need to keep track of all your expenses. It’s best to be organized as you’ll likely have various blog related expenses you can write off such as hosting fees, domain name registration fee, blog design, office ( needs to be a separate room), your computer ( may need to factor in depreciation), and internet connection.
  • Hold onto your receipts paper or virtual. Your expenses will likely be scrutinized so make sure you keep the proof. Also keep in mind that outfits, fashion items, and accessories are not recognized as necessities so you can’t show those as expenses. 🙂
  • Don’t forget to claim any free item/gift you may have received in place of compensation.

How do you file your taxes? Have you ever used TurboTax? What do you plan to spend your tax return on? Can’t wait to hear your tax season anecdotes.

If you don’t want to miss posts like this, and want to hear about the updates, and news first, don’t forget to subscribe on top of the page. So happy to have you join us!

In case you are a social media maven, you can also find me below so we can share more parts of our lives, and connect more. I share daily deals, latest happenings over at TheBoxQueen Facebook page; come find me if you want instant updates.

Have a fab Friday my dear ladies! Hope it’s a great one!! XOXO,

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  • Tulay Ban

    Ugh! I am one of those who has no clue on how to file my taxes. Always, rely on my hubby to do it. But hey, I make the monhtly payments, sifting through a mountain of bills every week.

    • Theboxqueen

      I was letting him do it, while watching him with the corner of my eye. We’ve used TurboTax for years. We have the CD too, online program is even better. It was an eye opening experience taking the responsibility on this time. You are actually taking a lot of responsibility yourself- monthly bills is hard work too :-)) XOXO, Elif

  • Sophia

    Thanks so much for the suggestion, and tutorial. I needed this. Can’t say I am a fan of tax season. Very informative post.

    • Theboxqueen

      It makes me very happy to know you found the post useful 🙂 Hope TurboTax will help you get through this tax season much more easily. Helped me a lot! XOXO, Elif

  • Fashionguru

    This is such a useful blog. Everybody needs to know about Turbo Tax! After paying H&R Block 400 dollars the first year we moved to Oregon, we decided to go with Turbo tax the following year. It was not only cheaper but also saved us a lot of money by showing how to claim things we did not know we could before. It definitely pays for itself with returns. This year I also bought a small business version, hoping to get over all the hassle of filing for taxes with more confidence and knowing I did the best for my company.
    Thanks for the tips! 🙂

    • Theboxqueen

      I think you just described one of the best features of TurboTax. Learning how to claim things really help with getting the highest refund. The small business version sounds very useful too. Happy filing dear!! XOXO, Elif

  • Cheryl

    Turbo Tax sounds very helpful! Tax season can be so stressful. Luckily we have a family friend who is a CPA, who has done our taxes for years, otherwise I would definitely check out Turbo Tax. Thanks for sharing these tips. 🙂

    • Theboxqueen

      Very welcome Cheryl. 🙂 I love sharing what has worked in my life. My husband ( who is also a CPA) usually takes on the tax filing ( and actually used TurboTax for years). I am happy that this program exists so I felt confident when I volunteered myself to take over tax filing for this year. ( what came over me I really don’t know LOL- a need to prove the purpose of my graduate school years perhaps haha) It really was a painless, easy process. Have a wonderful Friday night my dear. XOXO, Elif

  • Tanya M

    I am a CPA, a blogger and use TurboTax as well. Do you report your blogging income as a hobby or business? I started making a little money this year and need to decide where to put it. 🙂 I am not a tax professional so this is new to me. Stopping by from SITS. Thanks for sharing!

    • Theboxqueen

      Tanya welcome to TheBoxQueen. I am not a tax expert either but I believe after a certain income you need to report it as business. What did you end up doing? You probably figured the best way to file as a CPA 🙂 Thx for stopping by!! XOXO, Elif