You need to pay an accountant only if your taxes are complex, and even them will use the software, they just know more about how to structure your data to insert in the program, it is honestly insane that a company like turbotax is needed, but lobby is really a powerful tool.
TurboTax Hides Its Free File Page from Search Engines
61–70 of 277 posts
Re: TurboTax Hides Its Free File Page from Search Engines
#62As someone who lives outside of the US, can someone please explain how the US government has not implemented its own free tax filing system? In my home country this hasn't been a thing for over 10 years.
It definitely isn't in the interest of the voters or the government, since I'm of the understanding that easy taxes means more compliance and thus, more income.
Re: TurboTax Hides Its Free File Page from Search Engines
#63Re: TurboTax Hides Its Free File Page from Search Engines
#64Earlier quoted context omitted.
Edit: As a child comment pointed out, the issue was a brokerage account I opened in addition to the Roth IRA. (The Roth IRA deposit limit is smaller than the 401K deposit limit) /// The problem with that is there's often caveats. Ex: in grad school I did a summer internship, and put my profits into an IRA. Later on, I found out I could not use many free file software, because they considered handling the dividends my…
I'm confused. Income in an IRA isn't taxed, so that's not relevant for taxes. If you had post-tax investments then yes it's more complicated, but that has nothing to do with IRA/401k retirement savings?
Re: TurboTax Hides Its Free File Page from Search Engines
#65Earlier quoted context omitted.
This is directly related, I think. One reason the IRS hasn't made it easier is a deal with the industry group "Free File Alliance", which essentially privatizes this (indeed, the page TurboTax is hiding here is their Free File page). However, while 70% of taxpayers would be eligible for free filing, in practice only 3% do — no doubt because tax prep companies make it so difficult to find and use this option. These co…
Edit: As a child comment pointed out, the issue was a brokerage account I opened in addition to the Roth IRA. (The Roth IRA deposit limit is smaller than the 401K deposit limit) /// The problem with that is there's often caveats. Ex: in grad school I did a summer internship, and put my profits into an IRA. Later on, I found out I could not use many free file software, because they considered handling the dividends my…
When you start adding in all these other little side cases you’ve blown your argument. They literally take more effort (either on your part deciphering and completing, the CPA’s part deciphering and completing, or Turbotax’s part developing and validating). Yes you made practically nothing this year but it was in incredibly uncommon ways and that makes it more complex than a simple 1040EZ.
Re: TurboTax Hides Its Free File Page from Search Engines
#66Earlier quoted context omitted.
No-one is saying engineers chose the company policy, they're saying that engineers are complicit by working on it. Someone had to but that no-index instruction on the page, and they knew what they were doing. We're lucky (at least at this moment in time) that engineers are in huge demand. If you're an engineer at an ethically compromised company you could change jobs within a few months, tops. If you haven't then, ye…
That's ridiculous. Perhaps you can find in a few minutes, but I know plenty of people stuck in jobs they hate but can't find anything better. They are not quitting, and they can't move, because they have people that depend on them or other circumstances.
And if you can't find a job in Mountain View then I certainly feel for you, but it may be time to take another look at your resume and work out what's going wrong.
Re: TurboTax Hides Its Free File Page from Search Engines
#67I've been using TurboTax for the last 4 years or so but I'm getting pretty tired of this story. I read an article a few weeks ago that mentioned CreditKarma has free tools for tax prep, so I signed up for it and I'm planning on using it next year. I used to use an accountant because my taxes were kinda complicated, but once I sold my business they got really easy. Turbo makes it slightly easier, but honestly the IRS…
Re: TurboTax Hides Its Free File Page from Search Engines
#68As someone who lives outside of the US, can someone please explain how the US government has not implemented its own free tax filing system? In my home country this hasn't been a thing for over 10 years.
What the US Federal Government/IRS doesn't have is a free way to e-file taxes online.
Re: TurboTax Hides Its Free File Page from Search Engines
#69Why do low income people need any software to file taxes in the first place? If you just make a wage taxes are trivial.
But e-file still wins. Most poor folks could really use the money they get back from taxes and it is definitely quicker. E-file also saves folks from doing things like making copies, buying stamps, and mailing. On top of it all, there is a fair amount less chance of mistakes. Not to mention that there is a sizable number of folks that cannot figure out the legalese the IRS uses for slightly complicated taxes and the IRS helplines are generally of little help.
Re: TurboTax Hides Its Free File Page from Search Engines
#70Earlier quoted context omitted.
Edit: As a child comment pointed out, the issue was a brokerage account I opened in addition to the Roth IRA. (The Roth IRA deposit limit is smaller than the 401K deposit limit) /// The problem with that is there's often caveats. Ex: in grad school I did a summer internship, and put my profits into an IRA. Later on, I found out I could not use many free file software, because they considered handling the dividends my…
Exactly this. Amount of income is actually quite a crappy measure for what should be free to file. If it’s flat W2 income with nothing else to consider then sure... When you start adding in all these other little side cases you’ve blown your argument. They literally take more effort (either on your part deciphering and completing, the CPA’s part deciphering and completing, or Turbotax’s part developing and validating…