Tax Prep Software
Jan 16, 2017 10:39:22 #
JimBart
Loc: Western Michigan
I used to use TurboTax but when I rolled over IRA's and ran the calculation manually and saved myself several hundred I switched. I use Tax Act and have had no problems and still run the the manual calculations I might add I am currently retired but was a former tax auditor
Jan 16, 2017 10:55:33 #
foathog wrote:
H&R's latest commercial says you can "drag and drop" your last year's Turbo Tax so that it will be reformatted to Block. How much is Block???
Less than TT, depending on what you get.
Jan 16, 2017 10:58:40 #
jerryc41 wrote:
Less than TT, depending on what you get.
Well......tell us! What is the cost of a TT-deluxe substitute that works as well? As I said, Costco,sells it for $49, as does OfficeMax/Office Depot out here.
Jan 16, 2017 11:06:12 #
Every year about this time of year, I jump on the band wagon for tax code simplification.
Jan 16, 2017 11:14:32 #
Doowopa
Loc: Connecticut
jerryc41 wrote:
I had been using TurboTax for years, but last year... (show quote)
Try Them all You dont pay until you file.
I always seem to get a bigger refund with TT.
Don't know why.
Jan 16, 2017 11:19:12 #
JimBart
Loc: Western Michigan
Depending on your income levels for federal and state filings you may be able to file electronically at no charge You will need to check the IRS and your state websites for the requirements
Jan 16, 2017 11:37:37 #
OH don't worry. the Donald is going to solve everything. LOL
John_F wrote:
Every year about this time of year, I jump on the band wagon for tax code simplification.
Jan 16, 2017 12:13:30 #
Jan 16, 2017 12:48:48 #
Jan 16, 2017 12:50:05 #
maverickk41
Loc: Farmington New Mexico
I use the senior center volunteer tax preparers( they are trained by H&R Block) it costs me about 30 minutes of my time never had trouble with them.
Jan 16, 2017 14:28:00 #
gregm
Loc: Near Sacramento, CA
I use turbo tax and like it. But most of all i like the It's Deductible porion for tracking my charitable contributions of clothes and furniture, etc. i save at least $800 to a $1,000 each year this way.
Jan 16, 2017 15:03:33 #
gregm wrote:
I use turbo tax and like it. But most of all i like the It's Deductible porion for tracking my charitable contributions of clothes and furniture, etc. i save at least $800 to a $1,000 each year this way.
Let me get this straight: You donate enough clothes & furniture to charity to reduce your tax liability by $800 - $1,000.
Did I read this right?
Jan 16, 2017 15:51:55 #
gregm
Loc: Near Sacramento, CA
Yep, raised our kids in a 7 bedroom farmhouse with two barns. Were getting ready to retire and we're downsizing. Getting that much off your taxes is not that hard. You should try it.
Jan 16, 2017 15:55:35 #
Patriot66
Loc: Minnesota
twowindsbear wrote:
Let me get this straight: You donate enough clothes & furniture to charity to reduce your tax liability by $800 - $1,000.
Did I read this right?
Did I read this right?
That would be about 3000 - 4000 worth of stuff at a 25% tax bracket - just saying.
Jan 16, 2017 16:05:32 #
gregm wrote:
Yep, raised our kids in a 7 bedroom farmhouse with two barns. Were getting ready to retire and we're downsizing. Getting that much off your taxes is not that hard. You should try it.
Not that tough if your charitable enough.....the It's Deductible portion of TT makes it very easy. Since the deduction comes at the last dollar earned and not the effective rate, a donation of $2500 to $3200 would probably do it. You throw in 5 years of clothes, a room or two of furniture, maybe an old car........boom!
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