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Turbo Tax SnapTax appTurboTax is pioneering a brand new way to quickly and easily file your personal income tax returns. Launching today, SnapTax is a new smartphone app for iPhone and Android devices that will allow users to complete and file a Form 1040EZ and state income tax return while on the go and without using a computer.

SnapTax is similar to the popular online TurboTax products that many taxpayers have been using for years to complete and file state and federal income tax returns. The app is free to download and only requires payment when you're ready to file your return. Once everything is complete and you're ready to e-file both of your tax returns, the cost is a very reasonable $14.99.The SnapTax application seems very easy to use. Taxpayers simply download the app from the Apple App Store or Google's Android Marketplace and install it on their iOS or Android-powered mobile device. Then using the camera on their smartphone, they just snap a picture of their W2 when prompted by the app, and the tax returns are automatically filled out with employment and earning information. The app asks taxpayers to answer a few basic questions about themselves, review the accuracy of the tax information to be submitted, then click "File Now" to submit the return. The entire process of filing state and federal personal income tax returns can be completed in just a few minutes.

The SnapTax app uses optical character recognition (OCR) technology to accurately decipher W2 information from the image users take using their smartphone's camera. In the event that any information should be entered incorrectly by the software, the taxpayer can make changes after reviewing the information prior to filing. The app received considerable testing by taxpayers in California, who were able to try the new software last year using their iPhones. It was very well received, earning a four-star rating by users in the Apple App Store, and as of today, it's available nationwide to taxpayers in every state.

Meanwhile, the IRS officially kicks off tax season with the release of its newest version of e-File software today.

To see the SnapTax app in action, simply download the app on your compatible mobile device or check out the YouTube video.

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TurboTax Articles

Cities with the Lowest Tax Rates

The total amount of tax you pay reaches far beyond what you owe the federal government. Depending on where you live, most likely you're required to pay additional taxes, including property and sales tax. The disparity between the amount of tax you pay in a low-tax city and that in a high-tax city can be dramatic. Living in any of these 10 cities could save you a bundle, although the exact amount may fluctuate based on your income and lifestyle choices.

Cities with the Highest Tax Rates

Much ado is made in the press about federal tax brackets, but cities can carry a tax bite of their own. Even if you live in a state that has no income tax, your city may levy a variety of taxes that could eat away the entire benefit of living in an income tax-free state, including property taxes, sales taxes and auto taxes. Consider all the costs before you move to one of these cities, and understand that rates may change based on your family's income level.

Great Ways to Get Charitable Tax Deductions

Generally, when you give money to a charity, you can use the amount of that donation as a deduction on your tax return. However, not all charities qualify as tax-deductible organizations. While there are many types of charities, they must all meet certain criteria to be classified by the IRS as tax-deductible organizations. There are legitimate tax-deductible organizations in many popular categories, such as those listed below.

A Freelancer's Guide to Taxes

Freelancing certainly has its benefits, but it can result in a few complications come tax time. The Internal Revenue Service considers freelancers to be self-employed, so if you earn income as a freelancer you must file your taxes as a business owner. While you can take additional deductions if you are self-employed, you'll also face additional taxes in the form of the self-employment tax. Here are things to consider as a freelancer when filing your taxes.

Tax Deductions for Voluntary Interest Payments on Student Loans

Most taxpayers who pay interest on student loans can take a tax deduction for the expense ? and you can do this regardless of whether you itemize tax deductions on your return. The rules for claiming the deduction are the same whether the interest payments were required or voluntary.

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