Question about taxes

To be honest, probably not. Our firm charges a minimum of $400, and for most people, I would say it is a waste of money.

 

Ever try tax software? Most are very easy.

 

When you don't understand how it works.

 

I just finished with H&R Block.com. Didn't realize the child credit went down $400 per child this year. $800 out of my pocket

 

I would only suggest it when it is a complicated tax return and you don't know what you're doing.

 

Stacy's knee -

Based on this link:

http://www.irs.gov/publications/p972/ar02.html

I am not sure the child tax credit limit was decreased. You might have had an income phase-out limit which would have decreased the total child tax credit limit allowed to take on your tax return.

Hope this might help.

 

I've used turbotax.com the past few years and have been very happy with it, and the returns I've gotten are comparable to when I paid somebody to do them. I think it's $30-$40 for a basic return, and you don't pay until the end so if you don't like it you don't have to use it.

 

You are right, my mistake, thanks

I have been using H&R block.com for the last 10 years, and it makes it very easy - I would recommend it. It does cost $20(at the end also), but you can sign electronically and get your refund within 10 days.

 

I've used both TurboTax and H&R. Both are great and very easy to use. I just did mine this morning in about an hour.

 

This. The wife and I have used professional CPA's but I've found we do just as well with Turbotax or similar.

You have to do so much of the work for a CPA anyway (gathering documents and receipts and answering the same darn questions that turbotax asks.)

No offense to CPAs!

 

Agreed. It's what I've used for the past 4-5 years...no issues. I itemize for work, home, kid, medical bills, etc. and it is very easy to follow.