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Senate Death and Taxes

Discussion in 'Community' started by TiniTinyTony , Feb 17, 2018.

  1. TiniTinyTony

    TiniTinyTony 16X Wacky Wed/12X Hangman Winner star 7 VIP - Game Winner

    Registered:
    Mar 9, 2003
    Last year we filed with TurboTax. We have two W2s for the wife and me as well as two 1099-INTs which is just interest from our bank.

    This year TurboTax wants to charge $89 because of the interest forms as it considers our return a Deluxe service instead of a Basic one. H&R Block wants $35 (which is on sale from $55).

    Anyone else run into this issue? Any advice on a work around?


    Sent from my iPhone using Tapatalk
     
  2. Ghost

    Ghost Chosen One star 8

    Registered:
    Oct 13, 2003
    myfreetaxes.com
     
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  3. TiniTinyTony

    TiniTinyTony 16X Wacky Wed/12X Hangman Winner star 7 VIP - Game Winner

    Registered:
    Mar 9, 2003
    Thanks again, Ghost. That's a great resource for those that have an AGI under $79K. Since I'm filing jointly with my wife, that site isn't an option for me, but it might work for others. TurboTax and H&R Block are great too, but they want me to upgrade because my return requires a Schedule B form this year. That's what happens when you make over $1,500 in interest.

    The only free option I'm finding for me is the "Free File Fillable Forms" on IRS.gov. It has no income limits.
     
  4. Point Given

    Point Given Manager star 7 Staff Member Manager

    Registered:
    Dec 12, 2006
    On a similar note, Free Tax USA has free federal filing and $15 for state. And despite its admittedly suspicious name, I find it to be very efficient.
     
    Last edited: Feb 24, 2024
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  5. Ghost

    Ghost Chosen One star 8

    Registered:
    Oct 13, 2003
    Oh I thought it was just double that for married income.
     
  6. Mar17swgirl

    Mar17swgirl Chosen One star 7

    Registered:
    Dec 26, 2000
    It still boggles my mind that regular American employees have to file their tax return. Here your income tax is automatically calculated, deducted and paid by your employer. Unless you have some unusual income (dividends, interest income, or you're self employed), there's absolutely no need for a regular employee to do a tax return.
     
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  7. Lowbacca_1977

    Lowbacca_1977 Chosen One star 7

    Registered:
    Jun 28, 2006
    Yeah, but then the tax return companies don't get paid. And so they lobby congress to make sure that they continue to exist.
     
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  8. Bor Mullet

    Bor Mullet Force Ghost star 8

    Registered:
    Apr 6, 2018
    My brother’s an accountant. Thank God.
     
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  9. Darth Punk

    Darth Punk JCC Manager star 7 Staff Member Manager

    Registered:
    Nov 25, 2013
    Trump paid $750 in 2017. I highly recommend you use the software he did his on.
     
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  10. TiniTinyTony

    TiniTinyTony 16X Wacky Wed/12X Hangman Winner star 7 VIP - Game Winner

    Registered:
    Mar 9, 2003
    Yeah I'm unfamiliar how it works elsewhere but here in America, your employer does take Federal, State, and Local taxes out of each paycheck. I would say that 9 times out of 10, State and Local balance out to zero which is great. Unfortunately, Federal doesn't. A lot of people seem to pay way too much into the government and then get a very large return this time of year. Unfortunately, if the government doesn't take enough, then you owe. It's been quite the balancing act especially the past couple of years switching from filing single to jointly. And then my wife got a new job and since it was a remote position they didn't take locals. It was a huge mess.

    Personally, it's not difficult, especially with the guided software, but yes, it gets complicated when other things are involved like student loans, buying a house, having crypto, stocks, bonds, interest, etc. I wish it wasn't so complicated. Maybe someday a future administration will find a way to simply it.
     
  11. Darth Punk

    Darth Punk JCC Manager star 7 Staff Member Manager

    Registered:
    Nov 25, 2013
    Why is all tax so unnecessarily difficult in the states? Worst bs one there is the sneaky tax they add at the checkout when you’re shopping there.

    Just display the total ******* amount on the shelf.
     
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  12. anakinfansince1983

    anakinfansince1983 Skywalker Saga/LFL/YJCC Manager star 10 Staff Member Manager

    Registered:
    Mar 4, 2011
    That ridiculous overcomplication becomes the bane of my existence every time I run a book fair. Children do not understand. They also do not understand why a company would price something at $5.99 instead of $6.00. I end up having to do an extra lesson on rounding up because book fair companies think maximizing their profits is more important than making items user-friendly for their actual user base.

    That leaves aside the fact that schools should not have to coordinate with for-profit companies to run fundraisers in the first place because schools should be ****ing fully funded but that’s for a different thread.
     
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  13. Sarge

    Sarge Chosen One star 10

    Registered:
    Oct 4, 1998
    You trust your employer to do it right? Maybe I'm just getting cynical in my old age, but that system seems like something where the employer has little incentive to get the numbers right (compared to my incentive to not pay more taxes than I have to), not to mention the potential for deliberate cheating or skimming. If I let someone else do my taxes, I'd still insist on reviewing the numbers in detail.
     
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  14. Ghost

    Ghost Chosen One star 8

    Registered:
    Oct 13, 2003
    Well the employer and government already calculate and take out of each paycheck.

    This is the annual "check" to see (with deductions and credits and other stuff) if you overpaid your taxes or underpaid your taxes.

    And most people usually get about $1000 back from the government for doing their taxes.
     
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  15. Darth Punk

    Darth Punk JCC Manager star 7 Staff Member Manager

    Registered:
    Nov 25, 2013
    Because they bank on ******* a percentage of people out of a grand.

    @Sarge we have paycheck slips and invoices to check irregularities against. It’s obvs not a blind faith system
     
    Last edited: Feb 25, 2024
  16. Mar17swgirl

    Mar17swgirl Chosen One star 7

    Registered:
    Dec 26, 2000
    That, and a company would be in a pretty deep **** if it was ever discovered they didn't pay their employees' income tax and national insurance contributions correctly. It's their responsibility, not the employees'.
     
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  17. Ghost

    Ghost Chosen One star 8

    Registered:
    Oct 13, 2003
    But with the US (and I'm no tax lawyer) many tax credits/deductions/penalties depend on things that the employer wouldn't know.
    I'm not sure how big of a part that plays, but it is a part.
     
    Last edited: Feb 26, 2024
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  18. Kyle Katarn

    Kyle Katarn Force Ghost star 6

    Registered:
    Jul 10, 1998
    Speak for yourself. I have owed anywhere from $6 to over $1100 most of my adult life filing single. Although, no dependents and as few deductions as possible on my W4s, so that counts for a lot. I'm also of the opinion that it is better to have that money throughout the year instead of having it taken from me and then given in one large sum later on. Sole exception to this was when I got solar panels a a few years ago and got 26% (now 30%) of the cost back as part of my refund which I then used to partially pay off the loan. State taxes usually net me a couple hundred though, so it's not a total wash.
     
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  19. VadersLaMent

    VadersLaMent Chosen One star 10

    Registered:
    Apr 3, 2002
    Terrance Howard on his tax bill

    “Four hundred years of forced labor and never receiving any compensation for it,” the actor said in the message, according to a transcript. “Now you have the gall to try and prosecute and charge taxes to the descendants of a broken people that you are responsible for causing the breakage.”

    The recording cut Howard off in midsentence. But he called the attorney back to continue.

    “In truth, the entire United States should, by default, become the property of the descendants of slaves,” he said. “But since you do not have the ability [or] the courage to do it, let’s try this in court. … We’re gonna bring you down.”