Filing taxes can be difficult when given several different forms from jobs and banks to describe your financial activity in 2014. Senior caregivers who work independently also may need to file their taxes as self employed. Instead of manually filling out a tax form yourself, caregivers can use the TurboTax app for a guided step by step process to complete their tax forms correctly and to avoid error.
When the TurboTax app launches, it initially displays a screen that asks for an overall financial picture of your life in 2014. Were you single or married, did you have any dependents, own a home or a business, etc? Place a check mark in the box for all that apply so the app knows which sections to focus on as they take you through the tax filing process. Based on your selections, it will suggest which version of their products and which form you should use to file. The basic Federal Tax edition of their filing is free to all users.
Once users create an account, the app will begin to guide them through filling out the tax form by asking targeted questions. Caregivers should gather all of their tax forms together before they begin this portion of the app so that they can fill it out quickly. What is your occupation? Do you have a W-2 form? If so, enter the information from the form as requested into the system. TurboTax makes it easy by telling you which boxes on the W-2 to find the information needed for each box in app. If you instead have a 1099 form for self employment, TurboTax has a spot for that as well.
TurboTax continues after wage information to ask about investments, health insurance, deductions, etc. The key to getting the most out of your taxes is to think back at your financial activity over the past year and make sure you include any dependents, interest on student loans, charitable donations, etc. Luckily the TurboTax app asks the questions that caregivers may not think to ask themselves to complete their 2014 taxes.
The TurboTax app is available for Apple and Android platforms.
Senior caregivers, let us know your feedback on this app and keep us posted if you discover additional apps that assist with caregiving duties and help relieve caregiver stress. You may also refer-a-friend to a senior caregiving job and win prizes weekly and monthly on Caregiverlist.