Credit Karma is completely freeAre there any sites that allow for free filings with an HSA (form 8889)? HRBlock requires you to upgrade to deluxe.
Credit Karma is completely freeAre there any sites that allow for free filings with an HSA (form 8889)? HRBlock requires you to upgrade to deluxe.
apparently turbotax says the irs hasnt released the 8917 form even though they have and they wont let me file without
mildly frustrating
The thing is the IRS get's all the information anyway. It could be streamlined no end assuming one doesn't have any weird and exotic deductions to take...Being from the UK I cannot imagine having to go through this process as my employer takes care of it. What holds other countries like the US from doing it similar to us?
The massive lobbying power of tens of thousands of tax prep accountants.Being from the UK I cannot imagine having to go through this process as my employer takes care of it. What holds other countries like the US from doing it similar to us?
The massive lobbying power of tens of thousands of tax prep accountants.
Congrats, that's a responsible move. I'm going to try to save ~70% of it, let's see if it happens though lolJust got my refund direct deposited this morning. And then I immediately spent it on my student loan with the highest rate lol
Thanks. Trying to tackle my student loans much more seriously this year. I've found it can be really hard to save it in the past since its coming in as a lump sum lol. Good luck to you.Congrats, that's a responsible move. I'm going to try to save ~70% of it, let's see if it happens though lol
Just got my refund direct deposited this morning. And then I immediately spent it on my student loan with the highest rate lol
Time to be that guy
If you get a large return ($2-4k) you are effectively giving your federal/state government an interest-free loan for the entire year until they pay that back to you. Best bet they are investing that money and making bank. Best thing to do is balance your tax withholding so you get that money instead, and have as close to a $0 return as possible.
Make that money work for you instead of the government!
Just got my refund direct deposited this morning. And then I immediately spent it on my student loan with the highest rate lol
Sure you're technically correct but realistically how much interest can you earn on a gradual 2k over the course of a year? A few bucks? Low enough to not be noticed unless tracked carefully. Logically you are correct but psychologically getting a bigger return is nice. Same reason people use the snowball debt payment method, not the technical logical best way of doing but the psychological best.Time to be that guy
If you get a large return ($2-4k) you are effectively giving your federal/state government an interest-free loan for the entire year until they pay that back to you. Best bet they are investing that money and making bank. Best thing to do is balance your tax withholding so you get that money instead, and have as close to a $0 return as possible.
Make that money work for you instead of the government!
Time to be that guy
If you get a large return ($2-4k) you are effectively giving your federal/state government an interest-free loan for the entire year until they pay that back to you. Best bet they are investing that money and making bank. Best thing to do is balance your tax withholding so you get that money instead, and have as close to a $0 return as possible.
Make that money work for you instead of the government!
Question for the experts here.
With our move to Michigan last year my wife enrolled in T.E.A.C.H. which is like a fast track student teacher program to be recognized as a school teacher here. It's not a college program or anything but it costs upwards of 5 grand to participate in. Without it she could not work as a teacher in Michigan.
Any way to deduct that from the taxes? Judging by turbo tax only actual school programs can be deducted as life long learning expenses.
She also did a yoga teacher training last year. Anyway to recognize that in our taxes?
Professional Accreditation Fees
You can't deduct professional accreditation fees such as the following.
- Accounting certificate fees paid for the initial right to practice accounting.
- Bar exam fees and incidental expenses in securing initial admission to the bar.
- Medical and dental license fees paid to get initial licensing.
To be deductible, your expenses must be for education that (1) maintains or improves skills needed in your present work or (2) a law requires to keep your present salary, status or job. However, even if the education meets either of these tests, the education can't be part of a program that will qualify you for a new trade or business or that you need to meet the minimal educational requirements of your present trade or business.
It was federal that I received today. I only used TurboTax as a baseline for how much to expect back but I filed with FreeTaxUSA. I filed on the 21st, it was accepted on the 22nd, and by the 25th the "Where's My Refund" IRS page and IRS2Go app said that the refund was approved and expected by today. Overall, not a long wait at all.Was this Feds or state? Did you use TurboTax some other app? Just curious because I filed mine last week using Credit Karma so curious how long your wait was.
Oh well ¯\_(ツ)_/¯ , thanks anyway!Looks like it might be difficult.
If it counts as a license for new state, not deductible.
If it counts as a certification to maintain job, still may not be deductible.
It was federal that I received today. I only used TurboTax as a baseline for how much to expect back but I filed with FreeTaxUSA. I filed on the 21st, it was accepted on the 22nd, and by the 25th the "Where's My Refund" IRS page and IRS2Go app said that the refund was approved and expected by today. Overall, not a long wait at all.
I've always done my taxes myself using Credit Karma or Turbo Tax but I bought my first house last year. Is it still pretty easy to do myself? Anything specific I should look out for or should I take it to a tax guy....
Does pets count.Cruuuud, I have to pay. First time that I have to.
Gotta get me some kids off the street!
There's like lots of little stuff right? Mortgage, tax, home improvements, maybe some credits I don't know about, etc etcI think the only major thing you gained was a mortgage deduction.