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Cheapskate - > Cheapskate -> Tax-filing tips on the cheap
Tax-filing tips on the cheap

Evan Jones, a copy editor here at The Californian, offers these tips for low-cost and no-cost filing of tax returns:

If you’re the type who has done your own taxes and you like to keep things simple, instead of using TurboTax or an overpriced tax preparer, go to the IRS Web site and use FreeFile. There is a maximum income level for this program, but if you qualify, it will save you a bundle.

IRS will refer you to a company that will let you do your federal taxes for free, but there is an option to pay around $12 to file your state also.

My strategy is I do my federal on that site for free, then I switch to the California state tax Web site and use their FreeFile program to do the state for free as well! I used direct deposit and got my refund in three days.

Posted in these Groups:
Topics: bakersfield, taxes, Franchise Tax Board, IRS, cheapskate, saving money
posted by Cheapskate on Thursday, April 10, 2008 at 04:14 PM
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posted by NancyII on Apr 10, 2008 at 05:55 PM

 I used TurboTax and paid the 9.95 for the state.  That way I didn't have to answer many questions on the state form.  There aren't many blessings to not having any deductions but that's one of them...cheap tax help.

Of course, deductions aren't free..ya gotta spend money to have them.

posted by ChicoEsquela on Apr 10, 2008 at 07:22 PM

 When Turbo Tax first came out, many moons ago, I remember things like multiple Sch E's not working well, K-1 problems, etc. Sch D's have had problems in some years. Sch's C & F work well, you just have to decide on the top portion for revenues or the bottom (accrual vs. cash methods).

All in all, Turbo Tax with its historical comparison function, transferability for the user's info year over year, and national averages and comparison with ave deductions taken is very good IMHO. For a non-accounting type like myself, it is a really good way to tangle with our too complex tax codes which I am afraid we will always have (too much temptation for pols to socially engineer through it and too many powerful lobbies e.g. RE interest deductions, etc.).

posted by NancyII on Apr 10, 2008 at 07:29 PM

 Mine is pretty straightforward Chico..a few IRA's, a couple of investments and Turbo Tax asks all the questions about them.  My daughter took the H&R Block trainin gyears ago and worked a couple of seasons for them.  She agrees that H&R does no more than Turbo Tax for the average person.

One year when I had some business dealings, carryovers etc, I took it all to a CPA and he sat at the computer entering all the info in a database which told him my bottom line.  I thought heck, if that's all they do, I can do that myself with Turbo.

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