Taxes

[Concentric Eyewall]

For those of you old enough who figure your own taxes, without getting too personal, I'd thought this would be a good place to share any advice, ask questions if you get stuck, etc. on filing your return.

[twcclassics]

If you get stuck, make sure you tell the box you're stuck.

[lfmusiclover]

I usually use TaxAct to file mine every year. Unless a person has difficult circumstances I honestly can;t understand why people get stuck filing taxes. It's pretty straightforward really.

[Concentric Eyewall]

Hey, I use Taxact, too!

Actually, I'm ripping my hair out trying to figure out how report a stock sale to the stupid IRS.  They want me to figure how much I bought it for to determine how much of a gain or loss it was...more complicated than it sounds

[beanboy89]

I need to do mine one of these days that I'm home on spring break. I don't think it should be too difficult.

[Localonthe8s]

You have to file tax returns in college? :shocked:

[Concentric Eyewall]

You have to file tax returns if you had income...doesn't matter how old you are.

[Localonthe8s]

High schoolers have to fill them out too?

[beanboy89]

High schoolers have to fill them out too?

Yes. Like Dan said, if you had an income, you must file taxes.

[Localonthe8s]

Does this inclide property taxes and taxes for school?

[tpirfan28]

You are not required to file federal taxes if you make less than $5,000-some odd dollars.  You can file to reclaim your withheld federal income taxes (like I am).

You are required to file state income taxes, in most if not all cases.

I use TurboTax.

[Concentric Eyewall]

You are not required to file federal taxes if you make less than $5,000-some odd dollars.  You can file to reclaim your withheld federal income taxes (like I am).

You are required to file state income taxes, in most if not all cases.

I use TurboTax.

Yea, $5350.  However, you have to file if you have more than only $850 in unearned income as well

[Gil]

The thought of doing any major financial work on a computer would scare me tremendously. I would never trust a computer with such information. My dad always does ours without a computer

[Concentric Eyewall]

That's understandable, however there's virtually no chance of any of your data to become exposed, especially since sites like Taxact.com are endorsed by the IRS...you don't want to mess with the IRS

[Gil]

Don't you have to buy new software every year too, with changes in tax laws and stuff? Seems like that can get really expensive after just a few years.