Just started filling out stuff again in TurboTax. Moved state so expect it to be a little more involved this year. ¯\_(ツ)_/¯
Anyone else getting a leg up already?
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
Tax Return Season 2020 |OT| All your tax are belong to us
- Thread starter FliX
- Start date
Just started filling out stuff again in TurboTax. Moved state so expect it to be a little more involved this year. ¯\_(ツ)_/¯
Anyone else getting a leg up already?
I wish I could. My company takes forever to get me my paperwork.
However, something I'm nervous about this year is that I am in the midst of a name change. It's been changed by the court but I still have to update social security and stuff. I hope this doesn't complicate or delay my taxes. Anyone have experience with this?
However, something I'm nervous about this year is that I am in the midst of a name change. It's been changed by the court but I still have to update social security and stuff. I hope this doesn't complicate or delay my taxes. Anyone have experience with this?
Ive owed increasingly large amounts of money the past few years, so cannot claim I am too excited to do them.
Unless your property taxes/interest and other deductions get you over the standard deduction, it actually doesn't matter much.
Homebuying is something a TurboTax/HR Block/etc should be able to handle easily. Unless you have significant investments, a business, etc.
Sold a house, bought a house, moved to a new state, lawsuit, gift, spouse got new job, I work remotely for different state now.
Part of me says to just hire a professional this year, but there's a sadistic voice in my head saying to wing it and save a couple hundred.
Part of me says to just hire a professional this year, but there's a sadistic voice in my head saying to wing it and save a couple hundred.
Standard deduction is $24K if you're married. Unless your house is like half a million dollars, then the interest deduction you'd get wouldn't crack the standard deduction so you probably won't see any change.
changed jobs and moved last year so yeah should be more complicated this year. Thanks for the thread OP, you just reminded me to update my address with my previous job
Last edited:
I have experience with a name change, it was fine, your SSN is all that the IRS gives a shit about.
This.
CPA-ERA checking in. My parents are scheduled for March 3rd or something like that. I'll do mine in April like usual. Next 2 months of my life are about to get really busy with work. I'll stop in from time to time and try to help people.
Sold/bought a house in 2019, not sure how that affects things.
It's totally worth the ~$150 I pay to have someone do it for me.
It's totally worth the ~$150 I pay to have someone do it for me.
Thanks, it actually is almost exactly half a mil so I'll need to crunch some numbers. I think trumps SALT caps might fuck me though.
Almost done with ours, and looking at a decent return as planned. I have my withholding set to provide right around 2K in returns each year. I don't know what I'll get back from the state yet, but it's usually only a couple hundred.
Of course, take care to get it changed with the SSA and whoever pays you.
But just to give an idea on how silly it all is: my official name before I changed it, was only used by my employer and the government, but I did all of my other business under a different name, I finally changed it after 15 years to the name I had been using outside of government. I still have a credit card account I haven't bothered to change. (In my case it was my last name)
My concern is that I will have different records with social security and stuff when my W2s are issued but then might have a different name either when I file or when my refund comes.
So far the only step I've taken is with the probate court. Next week we're going to the social security office and the DMV and then trying to update everything else.
I was/am a little worried that my taxes would be held up or complicated since I might have a different last name at different points in my filing.
Ouch. Mine doesn't start until the 13th. Good for me because I'm hacking up my lungs atm. Goodluck to you both!
I wish I could get started but I don't have any necessary documents available to me right now. While I'm here, I might as well get some thoughts on my plans from those in this thread.
I want to do my returns with TurboTax and stop short of filing with them because I hated paying so much money to them last year. I just want to get near the point of filing so I can see what they estimate my return to be. Instead, to do the taxes and then file, I want to use FreeTaxUSA for my federal filing. I live in Pennsylvania and thought I'd use PA e-File for the state. Would this be good or should I use another service like TaxSlayer, TaxAct, Credit Karma Tax, or something else that is free? I don't think there is anything that should be technically complicated about my tax situation. Anyone have some insight on the best path for me to take or some recommendation on services to use when my documents are ready?
I want to do my returns with TurboTax and stop short of filing with them because I hated paying so much money to them last year. I just want to get near the point of filing so I can see what they estimate my return to be. Instead, to do the taxes and then file, I want to use FreeTaxUSA for my federal filing. I live in Pennsylvania and thought I'd use PA e-File for the state. Would this be good or should I use another service like TaxSlayer, TaxAct, Credit Karma Tax, or something else that is free? I don't think there is anything that should be technically complicated about my tax situation. Anyone have some insight on the best path for me to take or some recommendation on services to use when my documents are ready?
Parents are away for a while for them.
Me, I'll just be too busy by the time all of my stuff comes in. I typically break even so I don't need a bug refund.
Best is to get them done asap.
My company got acquired last year, so two W2s to wait for, but not expecting much change. Return is going into the car down payment fund.
Waiting on the W2s and then bang it out in about 30 minutes. I can't claim donations, PMI, daycare anymore so it is pretty much standard deduction.
I tried to approximate my W2 from my last paychecks. I switched companies in 2019, not sure how long it's going to take to get my W2 from my prior employer, or my current one tbh
I think I'm going to get a total refund of around 1k from federal and state combined, I usually use it to pay my car insurance premium off since I get transaction fees for every individual payment
I think I'm going to get a total refund of around 1k from federal and state combined, I usually use it to pay my car insurance premium off since I get transaction fees for every individual payment
Just waiting on W2, should have them in the next week or two. Dunno what i'll do with my refund.
We have never had to owe taxes when we file, we bought a house 2 years ago and have a 3 year old. We arent married and file seperately -- what are the odds we have to pay in this year?
Once the documents come in, I'll probably hammer it out in a night. Nothing complicated this year, but my wife did start working again in August so we might be in a new income bracket. We'll see.
Was pleased with my experience with Turbo Tax last year, so I'm going to give it a go again. Hopefully I can file electronically this year and get a good return.
Was pleased with my experience with Turbo Tax last year, so I'm going to give it a go again. Hopefully I can file electronically this year and get a good return.
Not a CPA yet (hopefully this year), but I feel you my friend. Time to say goodbye to sunshine and rainbows
Self-employed and didn't make much of shit this year (less than $20K), so I'm not excited at all to lose money I barely had in the first place. :/
I'm a CPA but I haven't worked in public accounting in 9 years. Sucks for you my friend. Condolences.
As someone who is freelance and doesn't make a lot of money, being told I have to shell out $1,200 kinda sucks. So no. That's an entire paycheck for one month, minus my disability.
Ran a close estimate on my income this year through TurboTax and it says I'll be getting around $1500 federal, can't complain especially since state and property refunds should match that.
2018 is the first time in like, seven years where I've worked at the same job at the beginning of the year that I did at the end, so that'll be nice, though I still need to wait on a few more W-2s. Worked some part time hours at Hot Topic for the holidays, directed two high school plays (the stipends weren't taxed... yay) and made some decent coin off the Zelda play I wrote and produced.
2018 is the first time in like, seven years where I've worked at the same job at the beginning of the year that I did at the end, so that'll be nice, though I still need to wait on a few more W-2s. Worked some part time hours at Hot Topic for the holidays, directed two high school plays (the stipends weren't taxed... yay) and made some decent coin off the Zelda play I wrote and produced.
https://www.myfreetaxes.com/
Free through United Way and H&R Block. I've used this the past two years. You have to earn less than $66,000. They don't even charge for figuring out investment income like the others do as I recall.
I don't mind doing my taxes but I wouldn't ever say I "enjoy" it.
This past year is the first time I've worked the same job throughout the entire calendar year, so I'm very interested in how that will factor into my tax return. The only thing that would make 2019's return complicated is the fact that I moved, but it's nothing that I hadn't handled before.
Oh, and I think I donated money to charity, but I don't remember the amount or even if I did it in 2019 or late 2018 lol. I'll need to look over my bank statements for that.
Oh, and I think I donated money to charity, but I don't remember the amount or even if I did it in 2019 or late 2018 lol. I'll need to look over my bank statements for that.
Standard deduction is $12K/24K (single/married). Unless you donated more than that (or have additional significant deductions, like mortgage interest or state/local taxes, that add up to >that), just take the standard deduction.
Thanks for the link. I think I may not be eligible for this but can relay it to someone I know who is.
Are you completely happy with them? I've considered using them in the past few days cause the original place I was thinking of using charges for state so I've been waffling between Credit Karma Tax and TaxSlayer.
I am, but I don't have to file state taxes. It would be best to try to find impressions from people within your state.
Tax question: Do charitable contributions (or any other major itemized deductions) affect MAGI (for purposes of Roth IRA contribution limits)? I'm pretty sure the answer is no, but I haven't found explicit confirmation, just open-ended lists of other kinds of "deductions" that apply.
Credit Karma is free for all, but is unreliable for some situations (every year my numbers don't add up correctly when I double check with other software). The IRS offers free fillable forms, but none of that is automated -- it's little more than an online typewriter.
Most paid tax filing software has a corresponding free version available for lower-income individuals with simple taxes. The IRS has a list that will show up here sometime soon: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
Credit Karma is free for all, but is unreliable for some situations (every year my numbers don't add up correctly when I double check with other software). The IRS offers free fillable forms, but none of that is automated -- it's little more than an online typewriter.
Most paid tax filing software has a corresponding free version available for lower-income individuals with simple taxes. The IRS has a list that will show up here sometime soon: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free