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SnapTax: File your taxes with your iPhone

Filed under: Tax, Technology, Tax - Online

In science fiction books and movies, the phone of the future was often portrayed as being able to help users buy stuff, find a date, and even do taxes.

So far, they've gotten the dating and buying stuff right and now, if you live in California, you can file your taxes on your phone.

Intuit, the makers of TurboTax, will be releasing a new iPhone application for residents of California which will let them file their state and local taxes on their iPhone. The app isn't available yet but should be released by the end of the month.

The SnapTax app allows you to take a picture of your W-2, which the app can read and pull out the important information in order to auto-populate the correct fields in SnapTax.

After a few questions, you'll see how big of a refund you are getting and can preview the 1040EZ for any errors. If you are satisfied with it you can press file and you're done with taxes for the year.

States and Feds go paperless to save at tax season

Filed under: Tax, Tax - Advice, Tax - Deduction, Tax - Online

Money may not grow on trees -- but cutting back on paper sure saves money. At least that's what a number of states are saying this year.

This year, states are encouraging the use of electronic filing for individual income tax returns by cutting back on the distribution of printed income tax forms in an effort to save money. While some taxpayers may complain, it's a decision that makes sense.

Consider these national statistics: last year, the IRS processed more than 140 million individual income tax returns. Two out of three of those returns were filed electronically.

Headlines from WalletPop Partners