Finally, something is being done. Paying taxes should be free for most people. Especially if you only have to deal with the standard deductions.
A 1040EZ covers that case and filing it is the cost of the stamp and envelope.
FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
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Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#82Any recommendations on how to really file taxes for free (federal and state)?
I've been using https://www.freetaxusa.com/ the last couple years and plan to continue this year. It is free for Federal (though I usually pay for an upgrade), and state is $15. The only option I know of for free state is to do the forms manually.
I used to use Turbo Tax and paid about $100 per year on average, but it was simple to switch to using another provider, I just had to get the previous year's return out to fill some stuff that is filled automatically if you use the service each year.
Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#83Finally, something is being done. Paying taxes should be free for most people. Especially if you only have to deal with the standard deductions.
If you're standard deduction and just have a few simple sources of income, filing is easily free. Should it be electronic and pre-filled? Yes. But this idea that you need an accountant or tax prep software if you have a W-2 and a 1099 just isn't true. The forms are free.
Maybe the IRS should start by building a tool that points you in the right direction before it tries to build a TurboTax clone.
Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#84Earlier quoted context omitted.
If you're standard deduction and just have a few simple sources of income, filing is easily free. Should it be electronic and pre-filled? Yes. But this idea that you need an accountant or tax prep software if you have a W-2 and a 1099 just isn't true. The forms are free.
Awesome, let's do better and have the IRS fill out your form in Feb or March, mail it to you, and if you disagree you can still file yourself. That way, 95% of cases are covered and don't have to even deal with taxes.
Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#85Earlier quoted context omitted.
Our documents should not be sent automatically to the IRS if the IRS won't figure out our taxes.
Can they figure out our taxes without our returns? For simple stuff like paychecks maybe. What if you are self-employed? What if you are a contractor? What if you barter or pay cash?
Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#86I just saw an TurboTax Ad where a guy was like "I Like free stuff" and then it said he was "happy to read the disclaimer" on TurboTax and see that "Roughly 37% of taxpayers qualify" which he looks thoughtfully in the distance and says "Thats me!" I thought it was a funny commercial because 37% doesn't seem like a lot and Turbotax is portraying it as the average person will identify themselves as part of that 37% even…
Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#87Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#88Earlier quoted context omitted.
We can be upset at politicians for "selling out" to the lobbyists. We can be upset at lobbyists for pushing things that they know aren't in the best interests of consumers. We can be upset at businesses for wanting to take advantage of consumers for their own gain. All of these can be true at the same time.
The difference between those three groups is that the politicians are the only ones not doing the job expected of them. Lobbyists are supposed to lobby on behalf of whoever pays them. Businesses are supposed to advocate for the interest of themselves, their shareholders, and their employees. It would be verging on incompetence for a business to ignore a political debate that would effectively destroy the business ove…
Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#89I just saw an TurboTax Ad where a guy was like "I Like free stuff" and then it said he was "happy to read the disclaimer" on TurboTax and see that "Roughly 37% of taxpayers qualify" which he looks thoughtfully in the distance and says "Thats me!" I thought it was a funny commercial because 37% doesn't seem like a lot and Turbotax is portraying it as the average person will identify themselves as part of that 37% even…
Re: FTC bans TurboTax from advertising 'free' services, calls deceptive advertising
#90I just saw an TurboTax Ad where a guy was like "I Like free stuff" and then it said he was "happy to read the disclaimer" on TurboTax and see that "Roughly 37% of taxpayers qualify" which he looks thoughtfully in the distance and says "Thats me!" I thought it was a funny commercial because 37% doesn't seem like a lot and Turbotax is portraying it as the average person will identify themselves as part of that 37% even…