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Thread: Anyone filed with turbotax, any tips?

  1. #1
    Flashaholic*
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    Default Anyone filed with turbotax, any tips?

    I spent 217 last year at H&R block to get my taxes done. I had to pay extra since I was considered self employed from the money I earned on ad revenue from a website.

    I decided to save some money and do it myself this year with the software. I bought the deluxe version as it had the se form I needed and came with state tax too. It was 53 dollars at walmart.

    Anyway, sat down with it and answer lots of questions for 3 hours. I started off with a 900 something return estimate and ended up owing 133 bucks.

    At the end the printer driver gave me an error, so I rebooted and it printed off from the saved copy. I got it ready to mail, signed, check included for state copy, the print outs from the info from my employers too.

    One thing I find funny is the fact the due dates are in May and October for the state and fed returns. I know I can file electronically, but they wanted 15 bucks for both and 15 for 2 day fedex. I rather just buy a few stamps and wait for them to cash my check. No need in rushing that.

    I had no deductions and it looks like one job deducted a lot where the other little to nothing, then the tax owed on the self employment thing. Surprised I managed to clear 17 grand. It said the average for this area was 23 grand.

    Looks like it has a lot of good tools for advice on iras, 401ks, deductions, etc. If I get a job with benefits at all I am going to crunch the numbers.

  2. #2
    Flashaholic changsn's Avatar
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    Default Re: Anyone filed with turbotax, any tips?

    I used to use TurboTax, but switched to TaxCut. Don't think there is much difference between the two. Both do pretty good jobs and are much cheaper than a CPA or H&R in person. As long as you have your documentation, I don't think there is much to go wrong. I've been doing this for over 12 yrs and never had an audit or problem.
    Like you, I still don't understand why the govt wants us to file electronically, yet CHARGES us to do so. I'll stick with stamps as well.
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  3. #3
    *Flashaholic* IsaacHayes's Avatar
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    Default Re: Anyone filed with turbotax, any tips?

    So e-file costs you? That's not cool. I'll be getting money back b/c I didn't work but 2 months this last year. I usualy telefile, which is no more. Guess I'll have to go and get the paper forms.

  4. #4
    Flashaholic K A's Avatar
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    Default Re: Anyone filed with turbotax, any tips?

    Does E-File cost itself.. or is it simply the Companies preparing your taxes the ones charging a 'convenience' fee to e-file your taxes?

    I have used Intuit's Tax Freedom Website to file my taxes for the last several years. Though with one exception I did use H & R Block's online system one year. If you meet their criteria you can have you Federal filed for free. Then I goto Kansas' website to file the State Income tax for free as well.
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  5. #5
    *Flashaholic* IsaacHayes's Avatar
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    Default Re: Anyone filed with turbotax, any tips?

    Cool thanks. Never e-filed yet. I should qualify... My taxes are easy to do!

  6. #6
    Flashaholic* Beamhead's Avatar
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    Default Re: Anyone filed with turbotax, any tips?

    Cobb, check this link out. You can probably efile for free though you owe so it may come in handy for someone else.
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  7. #7

    Default Re: Anyone filed with turbotax, any tips?

    I've used Turbotax for the last 4 or 5 years,and it just mystifies me why anyone would still have their taxes done by someone else. I just did mine last night,and it took 2 hours start to finish. The slowest part for me was entering all the data from our W-2s (My wife had two this year). After that, it led me through all the deductions,including a few that I always forget about. I haven't tried e-filing yet, as I am in no hurry to pay,either.
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  8. #8
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    Default Re: Anyone filed with turbotax, any tips?

    THanks.

    Jeep44, I feel ashamed getting h&r do mines last year as I am a business student(DUCK). I just never could get to the post office or find the se form I needed online, and had other things to deal with. I made up my mind I werent doing it this year. Maybe next year I will fill out the form with my new glasses and save the 50 bucks for the software?

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