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DIY taxes

Posted on 1/30/25 at 3:24 pm
Posted by xBirdx
Member since Sep 2018
1083 posts
Posted on 1/30/25 at 3:24 pm
So my tax lady went crazy and retired….

I don’t see the point of paying $200,if I have standard deduction, 1 child in college, and 1 in middle school.

Wife and I are both W2 employees… consider hustles, etc.

How easy is turbo tax? (Specifically around college expenses)
Posted by CalcuttaTigah
Member since Jul 2009
899 posts
Posted on 1/30/25 at 3:51 pm to
2 hours tops if you have your info with you.
Posted by dgnx6
Member since Feb 2006
78759 posts
Posted on 1/30/25 at 4:43 pm to
I would just use free tax usa if you are taking the standard deduction.


Federal is free, but you will have to pay $12-$14 for state.


I've been using it since I was 14.
This post was edited on 1/30/25 at 4:45 pm
Posted by LemmyLives
Texas
Member since Mar 2019
9954 posts
Posted on 1/30/25 at 5:00 pm to
H&R Block TaxCut is what I've used for years. 20m yesterday, I'm just waiting on a few more 1099-INTs, and I will be done and filed in under an hour.
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1838 posts
Posted on 1/30/25 at 5:00 pm to
The new tax laws make it pretty simple. The standard deduction this year I believe is about 24,000. As long as you don’t play with stocks and have rental properties you will able to figure it out. Most places now can import a w2 and save your information from year to year to make it even easier.
Posted by xBirdx
Member since Sep 2018
1083 posts
Posted on 1/30/25 at 5:04 pm to
How easy are college expenses?

I’ve never received anything front eh school for tuition- I just tell her and she adds it somewhere…
This post was edited on 1/30/25 at 7:20 pm
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2606 posts
Posted on 1/30/25 at 6:49 pm to
It will ask you all the pertinent questions about college expenses etc. If it makes you feel better, you might go back and look at what she filed last year to make sure there isnt some credit she claimed that didnt pop up this year but I doubt it.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2606 posts
Posted on 1/30/25 at 6:50 pm to
You're gonna be pissed when you see what you've been paying for.
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
44324 posts
Posted on 1/30/25 at 7:58 pm to
I have no idea why anyone taking the standard deduction would pay someone to do their taxes.
Posted by CEB
Member since May 2023
70 posts
Posted on 1/30/25 at 8:23 pm to
Standard deduction for MFJ is $29,200. School should provide a 1098T that reports qualified education expenses and scholarships received.
Posted by Billy Blanks
Member since Dec 2021
4737 posts
Posted on 1/30/25 at 8:36 pm to
quote:

So my tax lady went crazy and retired….


I don't blame her.

quote:

I don’t see the point of paying $200,if I have standard deduction, 1 child in college, and 1 in middle school.

Wife and I are both W2 employees… consider hustles, etc.

How easy is turbo tax? (Specifically around college expenses)


It's very easy for that situation.

I pay $425 a month but have a business and a complex-ish file.
Posted by meeple
Carcassonne
Member since May 2011
10183 posts
Posted on 1/30/25 at 8:37 pm to
quote:

As long as you don’t play with stocks

I did some trading… how much does it complicate a return?
Posted by xBirdx
Member since Sep 2018
1083 posts
Posted on 1/30/25 at 8:51 pm to
So I’ve never received one of these from SLU…. I thought I should have as well.

I just told her how much I paid.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
29516 posts
Posted on 1/30/25 at 9:12 pm to
quote:

I did some trading… how much does it complicate a return?


Any tax software will walk you right through it. It’s not hard
Posted by 98eagle
Member since Sep 2020
2589 posts
Posted on 1/30/25 at 9:22 pm to
quote:

I did some trading… how much does it complicate a return?

I just have TurboTax grab and download all of my Fidelity Tax forms with a 1 button click in TurboTax and any capital gains or losses from 1099 forms are instantly incorporated. Of course, I do double check TurboTax for accuracy.
Posted by messyjesse
Member since Nov 2015
2150 posts
Posted on 1/30/25 at 11:00 pm to
Anyone tried the direct file tool that the IRS dropped for this year? I know it's not available in every state yet but I'm one of the lucky ones (TX).
Posted by notsince98
KC, MO
Member since Oct 2012
19998 posts
Posted on 1/31/25 at 9:22 am to
quote:

I did some trading… how much does it complicate a return?


Just be sure to get the right level of TurboTax that covers that situation and it will walk you through everything step by step.

Usually the downloadable versions of TT are cheaper/better value than the online version. Costco and amazon usually have good deals. Costco version has $10 in-app credit towards anything. I use it on state e-file since my state e-file is not free.
Posted by HeartAttackTiger
Member since Sep 2009
504 posts
Posted on 1/31/25 at 10:04 am to
Used Turbo Tax for 7 years. Then that one year I needed an additional form, turbo Tax was completely useless.

Have used Free Tax USA since.
Posted by TIGERSby10
Central Lafourche
Member since Nov 2005
7329 posts
Posted on 1/31/25 at 12:36 pm to
quote:

Have used Free Tax USA since.


Doesn't this site (and other free sites) have income limits?
Posted by CEB
Member since May 2023
70 posts
Posted on 1/31/25 at 2:14 pm to
You may be able to login to the students page at SLU and download the 1098T
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