Mint partners TaxACT for online tax filing

Source: Mint.com

Mint.com, the nation's leading online personal finance service, today announced a partnership with TaxACT, the pioneer in offering free online Federal tax preparation, to make the process of filing taxes and identifying deductions free, simple and convenient.

Mint.com's award-winning, free personal finance management tools offer a new and better alternative to hunting down and digging through a year's worth of paper receipts.

Users can easily see all of their tax-related expenses and income in one place, as Mint.com automatically categorizes bank, credit card, mortgage and loan account transactions across 7,500 U.S. financial institutions. They can readily identify deductions by expense type, merchant name or bank account using Mint.com's robust search features. This information can then be easily exported to a document which can make tax filing with TaxACT even faster and easier.

"Our technology makes it incredibly simple for anyone to find all their tax-deductible transactions," says Aaron Patzer, CEO and founder of Mint.com. "We're excited to partner with TaxACT to bring together our powerful and free online services to help more Americans get their maximum refund this year - a goal that's more important than ever in this economy."

As a leading tax preparation service for more than a decade, TaxACT's online deduction, credit, and income examiner tools make it easy to prepare, print, and e-file Federal tax returns for free. TaxACT Alerts inspect returns for omissions and errors, and ensure that income tax deductions and credits are maximized. For a low cost, TaxACT Deluxe includes additional features for increased guidance, including Donation Assistant to accurately track your non-cash donations, unlimited phone support, and a tool that accounts for life events like marriages, birth/adoption, or home buying.

"TaxACT was created around the belief that no one should have to pay to prepare their Federal taxes, and that philosophy is what keeps TaxACT at the forefront of the tax preparation software industry," says Lance Dunn, CPA and President of 2nd Story Software, Inc. "Our focus for this season was to create a better user experience for our customers. We've worked hard to simplify the program's interface and navigation."

Here are some other tax season tips and reminders from TaxACT and Mint.com:

  1. Identify all possible deductions, including healthcare, unreimbursed business expenses and earned interest. If you're unclear of eligibility or if you've experienced major life changes since last year, check out TaxACT.com.
  2. If early calculations show that you're getting a refund, file as soon as possible. Deposit your tax rebate directly into a high yield savings account. It's easy to identify the highest interest savings accounts currently available using Mint.com's Ways to Save feature, mint.com/features/save/.
  3. Plan ahead for 2009 tax preparation. Tag tax-related transactions in Mint.com to make it faster and easier identify and estimate your deductions next year.

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