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All communities included on the sidebar are to be made in compliance with the instance rules. Striker
I actually haven't done my taxes in like 2 years due to extreme poverty (in the u.s you don't have to file if your income is under a certain threshold) I think I'm still under that, but I still should probably file this year right? Is there anything specific I should do? Maybe not the best place to ask, but I hate financial anything so I'd really appreciate some advice
in the u.s you don’t have to file if your income is under a certain threshold
You don't have to but also if you're under that threshold you would almost certainly be getting a refund of all of the taxes you paid that year. So I highly recommend filing even if you don't need to
First thing would be to figure out if you're still under the limit. If you don't have to do them, don't do them.
If you are over the limit, there are plenty of free options out there to assist. I personally use free tax usa which works for me. It's great if your income just comes from normal sources like a job, it's not as great if you have investment income or things like that.
I think turbo tax has a free version as well if you meet some qualifications. It's a bit simpler to use imo, but Im not a fan of the company
IRS doesn't know my deductions til I tell them. I'm certainly not rich either. I just get to write off alot.
If your itemized deductions are higher than your standardized deduction, you're likely in a fairly high income bracket and can have a professional do it for you.
Yeah... My wife and I together make six figures a year (if only just barely), own a home with a mortgage, and have a kid, and I've never had the itemized deduction exceed the standardized deduction. I think you've either got to specifically structure your financial life around taking deductions, or make "'It's one banana, what could it cost" money to have itemized deductions make any sense, at which point, why are you complaining about the cost of tax prep anyway? A tax accountant doesn't cost that much.
itemized was more than standardized before the bush tax cuts for me.
You guess with a calculator and detailed instructions. Educated guess.
You do engineering with calculator and detailed instructions, educated guess. You do mechanics with detailed insturctions. You do cooking with detailed instructions. You do rocket science with calculator and detailed insturctions. Just be built diffrent ladies! It's not THAT hard or an entire predetory industry, JEEZE FELLERS! /s