Axiom Home Page Forums General Discussion The Water Cooler Do you do your own taxes?

I've used TaxACT's free, online Federal filing, and then used Maryland's free, online State tax filing service for the Local/State side of things. TaxACT does as good as job as any other software I've seen. They do bug you along the way about paying for the premium service, but it's always an easy decline button.

This is unfathomable

Your right. We're talking about government forms here....a crayon would be better.

TurboTax is good. I know many people that swear by it.

I use H&R Block's TaxCut. It does what it's supposed to do and I figure that H&R Block knows a thing or two about doing taxes.

I couldn't imagine doing my taxes by hand. If you can do that, more power to you. Your talents far exceed mine. TaxCut (and certainly TurboTax too) makes it easy because it walks you through your financial situation and figures out where you can get deductions and credits. And it finds things that I don't even know how you'd otherwise know about. Not without pouring over hundreds of pages of exciting IRS documents.

For instance, did you know that if you bought a brand new car after February 16, 2009 and have an income of less than 125k (MFJ: 250k), you can get a federal credit back on a percentage of state sales tax that you paid? I didn't. TaxCut did. Added several hundred bucks to my refund that I otherwise wouldn't have known about. That alone was well-worth the $29.

I use TaxACT to do our taxes. The Federal is free, but you have to pay like $15 if you want to file for state. It all is done through their website. Same concept as turbotax.

Another TurboTax user here. I've been doing my own taxes for a long time. I used to get mine prepared by a tax guy, and then, for kicks, I had my father-in-law do it in Turbo Tax. I got about another $500 using TurboTax because it has questions in there that it asks you that a tax person may not think to ask... And then the next year, the "tax guy" started using some computer software too (this was many years ago, so it wasn't unusual for taxed to be prepared with the ol' "Bic Pen") It will be TurboTax again this year!

TurboTax here also. Been using it for some years now.

I get an accountant to do mine this will be the third year now and I either did it myself or had the tax ripper off'ers do it. I will never go back worth every penny.

Canada that is.

later
Phil

Tax Cut here like Peter above..

I get to go back to the EZ form this year. Last year I had to do the stupid regular 1040 to get my first time home buyers tax credit. My mortgage interest isn’t high enough that I can find enough other stuff to lump in to make it larger than the standard deduction.

Though this year I do have to make about half my IRA traditional rather than Roth to avoid paying 25% on the money.