That's a great idea to work for a tax company to get experience. That would save a lot of money in the long run, with being able to do my own taxes afterward.
Yeah it worksed out great
Well I definitely like the sound of that price! And I'm at about a 5th grade level when it comes to filing taxes, so that seems like it would be a good fit.
Yep. All you need is a computer and you can probably pick up a copy at Office Depot, Walmart or Target for example.
Also make sure you pick up the version for 1040 single filer - it will say on the box.
Thanks for the tips!
You bet. 👍
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Since I have 3 jobs and am also a student with loans, a professional might be best! There's a lot of room for mistakes that I don't want to be responsible for!
That would probably be best. But takes notes. You may decide to do it without the professional next year. I actually think what you describe is not too complicated. Tax software easily takes care of three jobs. But there may be tricks with the way you handle the loans to save some money.
Since I didn't understand half of the things you just said, trying to do my own taxes probably isn't the best idea lol
I just did my taxes yesterday and TurboTax walks you through all of that. They take the guesswork out of it and have explanations for everything. Don't let it scare you.
Good advice, thanks.
True, the convenience sometimes makes getting help worth it, even if it's more expensive to pay someone.
Professionals definitely take a lot of weight off my shoulders so it's probably worth it to pay someone.
Yes very much so
Yes, most places charge $300-$400 to file taxes.
That is a very high rate for someobe in my country. Indeed here they charge 100-250 usd but it is very high compared to average salary.Instead of these progressive taxes people would be better off if they just go for flat tax rates.Here is what happens in a progressive tax. 10% for income below 1000$ and from 1000$ to 2000$ it is for instance 20%.First, 1000$ is 100$ and next thousand dollar is 500$ is again 100$.Making 1000$ is easier but the next thousand dollar is very difficult. So why would anyone try to earn more.And those who are ultra rich don't get affected as there is a clear barrier.So a flat tax is better, first of all we don't need to hire many accountant and tax experts and the savings outweigh the taxes
Lol, I've never been able to find any tax company that charges less than an arm and a leg.
@Flower7 Yeah I know what you mean, My sister used to take hers to H&R Block
That's who I've been using for the past 3 years. I used to use Jackson Hewitt, but they were expensive too.
@Flower7 Yeah I see maybe you can get it cheaper?
I've heard a lot of good things about turbo tax. I've been feeling tempted to try it.
Yep its for free. It's literally like put this on line 2 and this on line 17. Then it calculates it for you and bam your done and hit submit.
That does sound really easy!
Since I don't even know what a deductible is, I'm leaning toward using a professional!
Yeah you probably should, lol, ask a lot of questions when you go to one and maybe you can use turbo tax next time
That's a good idea.
That's a good way to look at it.
Is that a certain company you use that has that price? Most of the chains in my area charge $300-$400 to do taxes. (Jackson Hewitt and H &R Block)
This is just a small local I use. Last year it cost me in the $50 to $60 range. I would have to check for an exact $ figure. At $300-$400 I would do it myself. As for H&R I wouldn't trust them to do my taxes.
Sounds like I need to look for a local mom & pop place to do mine from now on!
Lucky for you!