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April 14th, 2002

TurboTax

For the past two years, I’ve availed myself of Quicken’s TurboTax for the Web product, and I must say, I recommend it very highly.

The whole thing will cost you $20, but only when/if you file with the IRS online (or print out your return.) The TurboTax software walks you through the process, with a good deal of hand-holding but – and this is important – it doesn’t smother you with lingo and wacky terminology unless you want it to. In which case it will, like the subservient computer robots should! (cough) Anyway…

The whole process is also handy because you get a running tally of your refund, or how much you owe, at all times. So I knew that my million-dollar refund would shrink down to the paltry $8, and I’d owe the state $902, right away. The interface for TurboTax is nice and easy, and it lets you download copies of your returns in PDF format. Swell!

I was able to file my returns online with both the guv’ment and the state, and I got my refund via direct deposit just 5 days later. That’s not shabby.

Given that tomorrow is April 15, I trust that all American Pingers have gotten their taxes taken care of. But if you haven’t, you can at least hop over to TurboTax and give it a spin. Dig it.

Posted in Miscellaneous

FROM: Ryan
DATE: Sunday April 14, 2002 -- 6:06:08 pm
I use TaxACT, similar to TurboTax, but a little cheaper, and am pleased with it. Last year I used it since it was the first time I had to worry about mortgage interest and all those other goodies that would help me get money back, and TaxACT found something I had missed before I submitted it that ended up getting me another $800. At that moment, I decided there was no reason to do it by hand: one find like that pays for a lifetime of software use (plus it comes with one free e-file). This year, it again found a several-hundred dollar item I had overlooked.



FROM: Chris
DATE: Sunday April 14, 2002 -- 8:59:07 pm
I use Taxcut - which is PC based software that after walking you thru your taxes, handles all the filing for state and Federal eletronically. Something about all my tax data siting on a web server bothers me...



FROM: Sk1dzz
DATE: Monday April 15, 2002 -- 8:18:27 am
I'm sure all of you astute tax software users are aware that the cost of the tax preparation software, as well as any electronic filing fees is deductible from your taxes next year.



FROM: Dave
DATE: Monday April 15, 2002 -- 9:31:33 am
Ryan - you got $800 or more back?? I had to pay this year!!!



FROM: Ryan
DATE: Monday April 15, 2002 -- 12:21:28 pm
I got quite a bit back this year... just too much being withheld combined with the many benefits of owning a home and having a wife in school. :)



FROM: Dave
DATE: Tuesday April 16, 2002 -- 7:37:32 am
Guess I need a WIFE :)



FROM: Ryan
DATE: Tuesday April 16, 2002 -- 9:25:50 am
In most cases, filing jointly is a *disadvantage* (coyly referred to as the "marriage penalty"). However, this year, for some reason, it benefitted us to file as such. Our main deductions come from our mortgage since we've only been in our house two years.



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