The time has come to share with you the five finalists of the TurboTax Cutest Last-Minute Tax Deduction contest.
In past two months, they received over 300 beautiful baby photos from across America. If you haven’t already checked out these adorable babies, go to www.CutestTaxDeduction.com to VOTE for the finalists.
(One of the finalists, Noah, is the son of one of our readers who learned about the contest from our blog! He is most adorable – might want to cast a vote for him… 
Don’t forget that there are still a bundle of tax deductions that come with a new bundle of joy. For example, a baby born in 2008 could deliver a $1,000 child tax credit. That’s a gift that keeps on giving until they turn 17.
Be sure to file a new W-4 form with your employer to claim an additional withholding “allowance which may help boost your take-home pay. Also, consider taking advantage of childcare reimbursement (flex plans) at work that let you divert up to $5,000 a year into an account to help pay for child care bills.
For more information on tax deductions and maximizing your taxes, go to http://turbotax.intuit.com/
With the tax deadline of April 15 right around the corner, Intuit (NASDAQ: INTU), the maker of TurboTax products, again tallied last-minute online tax filings to find out which American cities are the biggest procrastinators when it comes to filing federal income tax returns.
The following list includes the TOP 13 TAX PROCRASTINATING CITIES IN AMERICA determined by the number of tax returns electronically filed online via the TurboTax Online service from April 14-April 17, 2007 (previous year ranking in parenthesis):
- Chicago, Ill. – (#2) – Chicago is the “Second City” no more as it takes the top spot for the first time in the seven years the list has been compiled.
- New York, N.Y. – (#5) – After procrastinating less last year, the hustle and bustle of the Big Apple takes its toll on taxpayers as NYC climbs back up the list to rank at Number 2. The Giants may be number one in pro football, but New York is second on our list of late filers.
- Houston, Texas – (#1) – Houstonians have topped our list more than any other city (three times) but must have tired of being the top procrastinators. Progress is progress and Houstonians drop two spots this year.
- Austin, Texas – (#4) Austin continues to procrastinate as they lock up the fourth spot for the second straight year. One of the fastest growing cities in America, Austin may be too busy to worry about taxes until the deadline forces them to.
- San Francisco, Calif. – (#5) –The City by the Bay held steady in the fifth slot for the second straight year. In a year that saw the home run record fall to Barry Bonds, taxpayers in San Francisco waited until they had a full count to take a swing at doing their taxes. Read more
