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So... I'm gonna do that stuff and somebody had told me that now it was free to do taxes on line
... boy, does it set off my radar to go to "a company" and put that information in! I get the feeling I am supposed to know a few more things before I start messing with it... I'm wondering whether I should just get out the paper and pencil instead...
I've been using Turbo Tax on-line for about 8 years now. Before that I went to H&R - I've always been afraid to do my own. I've been really happy with Turbo. It guides you through each step and tells you what's going on, unlike H&R. If you've got everything you need, then all you need is Turbo Tax and you are done. Get it on-line, though, don't go buy it from a store.
There are other brands, I imagine they are all variations on a theme and equally good, Turbo is just what I've used and I've always been happy with it.
I assume your friend meant free as far as the gov't was concerned, most of the companies like turbo charge you for their product. Turbo claims to have a free version, but I think that's only if you have very very basic tax reporting needs. IMHO, the $35 is worth the piece of mind to me.
No, I mean FREE - links from the IRS site to sites that have the forms and do the calculations. There's a whole list of 'em. You have to have income less than 56,000 - but hte one I clicked on will even do the business form C. ( http://citizentaxfree.com/ )
But you're right about $35 ... and online would mean I could get it now ;)
I've been using TaxAct for three years now and I'm very happy with it.
My taxes are fairly simple but these sites/programs are pretty much idiot proof.
Turbo Tax is excellent. The IRS used to make you pay to file online--I think this is the first year they're doing it without a fee. That's what we did this year. Turbo Tax and online filing.
Free is for your Federal return only, the State will run you around $14. Like Zen, I use TaxAct and it works just fine.Quote:
Originally Posted by Geonz
I've used Turbo Tax for about four years now and agree it's fairly idiot proof.
I will say that they kind of screwed up my state taxes this year though. Some Indiana counties had some property tax issues that resulted in a tax rebate issued in 2008 for taxes that were assessed in 2006 and payable in 2007. Turbo's calculation for the deduction I was able to take this year was very overstated. After reading the state's instructions repeatedly, I could only conclude that the program was wrong. I ended up doing my state taxes on my own.
So, while I think these programs are very helpful, if something doesn't look right, you should double check the calculations.
I used turbotax this year with no problems. Did have to opt for the one that cost mulah since I had a 1099. What a pain in the rear.
Other then that, quick, easy, saves time methinks.
My brother happened to call and he explained to me that the guvmint told the sofwtare companies that if they wanted guvmint cooperation, they had to get people doing their taxes online, to the tune of five online filings per software license sold. So, it makes sense that folks making less than 56,000 a year might be less likely to fork over the bucks anyway... Im going to see if I can do free first...
I have used turbo tax software for years, but this year tried the online thing. I had a 1099, so Turbo Tax wanted me to shell out the $50 again, but I saw TaxAct would be like $20 even with state e-file, so I thought I'd give it a shot. It was about as easy as Turbo Tax- lots of q&a things, pretty straightforward. I definitely recommend it.
I've used TurboTax for at least 10 years and never had a problem. I do buy the premier package because we have rental property. But, the cost of the program is the same as hiring someone to do it, so it is deductible. If you don't have any specific circumstances that require it, the free online version works fine, too.
My 15 yo had income last year, and paid in $2.49 in taxes, so we used the free program on the IRS website (1040EZ) back in February (mostly a civics lesson!). Today it occurred to me that he had not received a check for his refund. So when I mentioned it he said, "I got an email from them." What did it say? "I don't know, I didn't read it." :eek:
The civics lesson is NEVER IGNORE THE IRS! lol.
Karen
I use TaxAct as well and my taxes include interest/dividends, capital gains/losses, and itemized deductions. I've been happy with it.Quote:
Originally Posted by Zen
Oh gosh while we're on the subject, I have a conundrum. I was done with my taxes, was. Then mom said T-Mobile sent me a W-2. Erm? I haven't worked there since Nov '07 when I moved to Colorado. Anyway, I guess it's related to the incentives program there and I "earned" $75 in 2008. They do this gross up thing so we don't pay tax on our incentives, and apparently the program year runs through October or November so this is to offset anything I cashed out in incentives after that.
So do I have to file in Oregon now too? Or do I just add this to my Colorado return? I am most confused.
If you have to add another state, don't use TurboTax. I had to do that and the additional state form download cost me $42!!!!!:mad: and it resulted in a $45 refund!!!!
Our situation has evolved WAY beyond TurboTax...but I still try to fit a square peg into a round hole. The accountant questionaires required to outsource tax prep are just about as time consuming...
Naw, I use TaxAct online, but I just have no clue what I'm supposed to do here. I really don't want to bother with another state when I was living in CO the entire time. Ugh, my friend is a CPA but the LAST thing I want to do is bother her this time of year.Quote:
Originally Posted by Mr. Silver