Turbotax cost reddit. Or should i pay more and find a local CPA? .

Turbotax cost reddit Don't use Turbo Tax. Only time I recommend someone just using turbo tax is if you are but a simple w2 employee with 0 assets. TurboTax has a charge for processing your fee payment from your taxes. Have been using a tax pro for the last 20 years but his prices are now exceeding $600. Same restrictions: Download of federal plus one state. Reply reply This is actually super common. New Member Mark as . Users liked: User-friendly interface (backed by 3 comments) Consistent performance over years (backed by 3 comments) Turbotax AT MINIMUM costs $89 for federal (which is free on freetaxusa), and $39 for state (which is $15 on freetaxusa), and if you have any investments or other extras to your taxes, you have to upgrade to some bullshit extra level in Turbotax so filing usually costs between $150 and $200. TurboTax join leave 30,330 readers. Then added an extra 30$ if I wanted to deduct my payment from I am currently in the process of filing my tax return by myself for the very first time. Reply reply DrinkWaterMovies Hi, I’m Vetted AI Bot! I researched the TurboTax Premier 2023 Tax Software Federal State Tax Return Amazon Exclusive PC Mac Download and I thought you might find the following analysis helpful. I signed up for the simple return, because I'm single, don't own property, and I didn't have any additional income other than my job. Is why turbo tax is not allowed to advertise as “file for free”. So it can be $100 plus extra states, but it’s not bad per person if you take turns passing around the tax laptop with your family members. They were bought out by CashApp a few years ago but service didnt change. The law is 26 USC Section 25C, so look for "Energy Efficient Home Improvement Credit" and within that should be "Residential Energy Property Expenditures", and within that option should be "electric or natural gas heat I have this same issue. It only costs $10 per person after the initial cost of turbo tax Reply reply I moved to FreeTaxUSA from paid software per recommendations on Reddit and I think it's actually superior to the paid software, super simple, and cheap filing costs. OLT. Anybody purchase TurboTax from Costco? I saw it at the store last week for $65 and I didn’t get it. So I deleted the imported tax statement and manually entered it all in just 4 transactions: one transaction each for GBTC long term and short term and one each for ETHE long term and short term. It will especially be wrong, if you've switched financial institutions over the years Only difference is that TurboTax was going to cost me $88 and FTU was only $14. 1 6,383 Reply. 99 r/ATT stands with the Reddit community in protest of the API changes. Speaking of audits, mostly they are mail audits too. I answered the programs questions correctly. (I’m not dealing with k-1 stuff) but I did taxact for the first time this year and it was completely free, whereas TurboTax says it’s free but they make it deceptively difficult to keep it free. Does this usually include investments, 2x W2s, and the cost to file? I know this is a noob question, but my search online isn't really answering these questions. Each added complexity cost me more, and the bundles struck me as odd- owning a house (property taxes/interest deductions) cost another $20 or whatever, having any stocks/dividends outside of a 401(k) was another $30 upgrade, etc. business, HSA, IRA, whatever obscure form you are getting, you'll be able to enter it without issues or extra cost. When I click continue in the edit window, I then get the message "Because you entered zero for the cost basis, we recommend reviewing your cost basis We would like to show you a description here but the site won’t allow us. I’ve used them from years because a lot of people on Reddit recommended it. The past few years I paid about $30 for TurboTax Deluxe Federal Only desktop. If you're planning on filing with them this year, the updated price list for both Federal and State returns is posted below. If your taxes might require a little extra help, more than just the simple file, then you’ll want to shell out for TurboTax Live Assisted. Pretty lame right? I have 2 shares of HOOD stock worth $20 (originally purchased for around $85). The Chase Freedom Unlimited card has $10 cash back. The discount does NOT require a service code and works for all TT online products including LIVE (assisted). Get one of the $60 ones when it goes on sale and possibly share it with friends as they will let you file several tax returns from one copy of the software (desktop at least). Before filing I reviewed my taxes with an expert. I just can't find it at the moment. I did so - and everything filled in correctly. TurboTax's intuitive UX and generous tax pro support could be worth the higher-than-average cost for filers with complex returns and those who want deluxe support. At the end, included in the Any version of turbo tax has all the forms you need. TurboTax and Self-Employment Income Last year state e-files were included in the basic cost, not it says " State e-file sold separately" How much do they charge for the e-file? An unofficial, civil, and helpful community to discuss filing your taxes with Intuit TurboTax. Sincerely, Someone who has been repeatedly burned by Turbo Tax ‘free’ tax prep services I just used freetaxusa and just like turbo tax but cheaper. Please see r/Save3rdPartyApps and this article for more information: https://www. There was a tiny discrepancy that I was able to resolve in about 5 minutes. My K1 was rather simple. They cost too much and the numbers don't change if you enter It is also worth noting that the convenience doesn’t cost that much especially if you share. and International, Federal, State, or I just downloaded TurboTax deluxe 2023 from Amazon. For 2022 turbo tax stated I owed $11k. I sold a call, made premium of $40, and it remained below the strike price at expiration. But when I use TurboTax for the same, TT asks me to enter adjusted cost basis (right after entering cost basis). Given the cost of the product and the relative simplicity of compiling a universal version of their program (which gets created each year), I question the competence of their developers. I do have an HSA and that caused turbotax to upgrade to deluxe which cost $80 between federal and state. I don't know if this is because I've always had to file the long way because of kids etc. I truly hope the balance between the basic account and the live-assisted service makes their 2024 quarterlies look nice, because it's cost them my business forever. Since 2019, and I only had to pay last year because of my 401K. I know what my RMD is going to be, my SS income, the dividends are changeable but what I am really after is how much in capital gains I can take and still not pay a lot in taxes. However, those who want access They aren’t expensive and will save you far more money than they cost you. That's because the tax credit is new for 2023. So, Turbotax told me to pay, file for a refund, rejected my refund request, and stated that because I paid I consented to be swindled. Completely free for federal return filing (unless you want to opt in for premium features/options, no need really) and state returns are $14 or $15 to file I believe. Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. com AFTER TEN YEARS USING TURBOTAX I AM USING TURBOTAX. - but also my taxes are pretty simple - he just I have been in the TurboTax Advantage program for years. Filing my taxes, and turbo tax wants $39 for federal, $39 for state, and then an additional $40 for a “processing fee” if I pay for the service with my refund. I use Turbo Tax to prepare my returns but what I find most useful is after my returns are done. Are there alternatives that don't cost as much? I'm jump to content. Wow, talk about micro manage and non- stop observation of every move you make. I used TurboTax and Cointracker. I elected not to take direct deposit because last year they took or the third party took 65. The cost is $35, but you get a $20 gift card from your choice of several stores (not including Amazon). I stopped purchasing Turbo Tax directly through them because of this. Not going to file next year with Turbo tax. Today when I login it forcing me to select only self employed package and asking $500 + spouse 250 service charge. Problem is, the message being pushed by TT and our agencies is that Turbo Tax shouldn't be used by non residents as it may result in serious ramifications for us in the future (needing to (Updated on Monday, March 31, 2025) For all of us last minute filers, TurboTax is squeezing every last penny from your pocket that they can TurboTax's Online prices go up on April 1, 2025. I make a fake return to plan out my finances for the current year. There is a fee chart for the forms. I was able to ask them questions, learn new write offs and strategically figure out where it would benefit me in the future to place my money as a single, homeowner with zero dependents, like a HSA account, 401k As I was starting to fill out my return in turbo tax this year, I realized that due to the way my ESPP is set up, the cost basis for half the transactions was missing, so the sale was treated as 100% gain vs a gain or loss. TurboTax thick client version still supports five return e-filings per license. Reply reply My software cost me $30 per return. but the price for the Full Service option is half the cost. All for nothing. 99. ADMIN MOD How to specify cost of items when adding 1099-k in Turbo Tax? I have hobby income and received two 1099-k forms, one from eBay and one from PayPal. Turbo Tax would not allow me to submit without entering an acquisition date and cost basis for all 130 transactions. None of whom use turbotax or any other self help software. I made a total of $3 net profit from reselling stocks on Robinhood last year. Turbo tax is getting too expensive and not up front about costs and fees making the overall experience incredibly frustrating. This is a scam no sincerity with customers. So at the end of the day, these softwares don't even have to provide the service to 0. So convoluted that all other methods failed. Filing State taxes is an added cost. Best way I found was to use someone’s referral link, here’s mine: https://turbo. The basic version is about the same price as last year's Deluxe. Turbotax is a trap. Turbo tax ridiculously overpriced. Over $200 for TT Premiumyikes. 99 . get reddit premium. Ok, not sure why they ask for all that (I don’t use TT). My recommendation is to try to figure out whether the turbotax preparer really wants to help AND KNOWS the topic. It is still not Apple silicon native. That’s nearly 1/3 of Cost: $0-$89. For investments, FTUSA doesn't have an automatic uploader like TT. I found that the time I spent getting a CPA to file my taxes was equivalent to using Turbotax, and Turbotax cost about $35-60/yr while a CPA cost If you have a fidelity account, Google their turbo tax partnership, it cost me about $40 last year with direct deposit ($100 value) I believe and I was able to import all my stock/crypto purchases. The only number that gets entered on Schedule A is #4, sales tax paid. I've used TurboTax every year for about 7 years and in my experience they tell you up front what it's gonna cost before you even get started when they're giving you their different package options. irs. I diligently pay the full price. It’s been fantastic! I found it to be easier to use than Turbo tax and a heck of a lot cheaper! Would recommend. 23 users here now. They don't put expenses in the correct boxes. ‎February 24, 2021 1:34 PM. Now I use OLT to file my taxes and TurboTax to double check my numbers. my subreddits. If amending a return we did, if it was our error, we will eat the cost (ie no charge). But in any case, for #3 here* you would put net cost which is line 3 - line 6 (base price + options - trade in). Cointracker cost $180, but it gathered all the info into a CSV file that I was able to upload to TurboTax. for much less than you can direct from TT (for example TT Premier was $64 on most online sources which is an all in price including up to 5 fed e-files. theverge. Curious why more people haven’t commented or have other related threads. Didn't cost me a dime to file my federal and only Ftu's $15 includes state eFile. When TurboTax flagged all of the entries lacking basis it then suggested trying CoinTracker. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. 00 down from 69. I had a few tax questions that I could easily google and my returns were accepted very quickly this year and last. Meaning the $78 they charge for filing Federal/State taxes, they charge an additional $39 fee to pay the fees with your payment. But I've never seen anything that indicates that it's free. g. When I contacted TurboTax even you are regular employees, If they have rental incomes they will consider as self employed group and filing cost will be $500 and spouse additional $250. 99 for TurboTax Home & Business 2018 w/Fed Efile & FREE State Download. If you have a home or say stock investments other than a regular 401k I suggest you get a professional to file it for you First W2 is free. If you are charging less than these prices you now have a really great data point to raise your fees! It's a lot easier to We would like to show you a description here but the site won’t allow us. If you have some crazy investment vehicles, then a personal accountant is probably necessary. Besides the fact that TurboTax gets 100% of my full price money and does not need to share it with a retailer, is Every year I wonder if I am wasting money. (still in 2024, even though I entered them correctly. That left a lot of entries for Cost Basis blank as well. TurboTax Live: If you would like a real tax expert to review your Deluxe Edition return through TurboTax Live, your total cost is $119 for your federal return and $49 per state return. The discount is good through at least 10/17/24. For me, I have about 30+ pages of Form 8948 and TT can import directly from my I have been buying the physical CD-ROM TurboTax Deluxe for Windows (including free state Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. State file cost $14. The IRS is experiencing significant and extended delays in processing - everything. You can buy it from places like Amazon, Costco, etc. So $129 base + $80 (4 W2s) + $69 for at least one state return = $278 to start. 99%+ of people can use TurboTax and be fine. If you use this company, you're a fool. S. barb1961. Felt good not to give my money to TT. Instead of doing your taxes on your own, you’ll have access to a live tax expert with an average of 12 years of experience, per TurboTax. There also have been student programs that help you out come tax time that an H&R Block person might be more knowledgeable about (personal experience here). I agree completely that Turbotax Online prices are purposely obscure. Each additional is $20. 5 free federal e-files. They want you to spend many hours of your time filling out the forms and when they calculate your cost, you already spent so much time they have you hooked. Or check it out in the app stores     TOPICS TurboTax is charging a base price for $1,499 for business returns discounted currently to $999. Bank or credit union) to guarantee a decent discount. I usually purchase it through a warehouse retailer like Costco or through a financial institution (i. I found using the software to be very easy, it walks you through everything. Or check it out in the app stores   (losses) transaction. 53 users here now. I planned on using the TurboTax Assisted service for my first time, so I could learn more basic, general stuff about taxes and never have to use it again. Bookmark Icon. For future reference for next year. Thanks! freetaxusa. The oversight cost me over $5000 until I caught the TurboTax failure and filed an amended return directly with the state I tried to file an amended Colorado return with TurboTax and it made the same mistake repeatedly. Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores Looking like it’ll cost $270 after a discount through work. Now I’m getting charged $128 to simply file my taxes. I have 280 sold-to-open cc’s and csp’s where the cost basis is correctly 0 or Fidelity outputs the net proceeds correctly if I bought-to-close and TurboTax doesn’t think it’s correctly auto imported because I made proceeds on a 0 cost basis position SAME! I've been an attorney for 22 years, and figured this would be a nice steady 40 hours a week (a new tax expert program) for the season. Did so the Mac upgrade just a standard file, and between state (MA) and Federal it was $180 and change. I got a second opinion by hiring a a tax professional and ended up getting a return. I could be wrong, but I believe TurboTax Advantage grants you earlier access to the software (online or CD) before it's available in retail locations like Costco. This year it was glaring enough that I noticed, it, but I also participated in this plan last year. Honestly, telling them what TurboTax charges might help them realize why your price is what it is. 15K subscribers in the TurboTax community. It ended up being 16 pages of form 8949. Reddit's home for tax geeks and taxpayers! News Did you know that TurboTax has a referral program? Basically, you can send a friend or family a link for 20% off after you complete your own taxes in 2024. I switched when I found out TurboTax (Intuit) are the bastards spending millions of dollars lobbying the government to keep us from having automatic filing like most other developed countries. You are sharing Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Then redid on free tax. Has anyone used free tax USA? I’m thinking about using that instead. I think the cost varies, but my state is $9. yeah, turbo tax doubled their price from last year for me. I then see the same product at Costco and every place else for much less money. -336 • I've had my business since 2009 and always used a CPA 1 Person S-Corp I'm about ready to dump them for Turbo Tax - main issue is the CPA is becoming unreliable/late etc. TurboTax is a scam. I'm about to file my taxes and the online version wants to charge me $188 to file online. TurboTax, on the other hand, has a long-standing reputation for its ease of use, including a well-reviewed mobile app and plenty of its own human support options at a cost. MA has jump to content. When I enter the stock sales for 1099-B in H&R Block, it asks me to enter cost basis given in 1099-B and there is no prompt or field to enter adjusted cost basis. You will have representation by a credentialed tax expert. We would like to show you a description here but the site won’t allow us. Curious to I used H&R Block for years, but my taxes were slowly getting more complex. Turbo tax is getting crazy with the fees. HR Block's "Deluxe" plan is required for the same type of filing and costs $85. I am using Turbo tax to file my 2020 return, and the system keeps reminding me I need to review the cost basis for all the options I sold last year, many of which were just cash secured put or covered call options that either expired worthless or closed, so my tax form from the broker shows 0 cost basis , which Turbo tax thinks I need to review Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Turbotax has a very sneaky $39 fee if you choose to pay for the service(s) with your tax return. Same acquisition date and same cost basis, but The IRS has rolled out a pilot program for a free filing system for certain states https://directfile. So while it may feel easier to just deduct your fees from the return, IT IS NOT. It is a third party product, and we are not allowed to handle audit calls. It depends. Before finding out about them I used Turbo Tax, they feel the same as Turbo Tax but free to file both State and Federal. edit subscriptions. Plus the IRS keeps adding extra complexity all the time, with the basis schedules, k-2/k-3, etc. TurboTax join leave 31,197 readers. e. Most clients IME have no idea what TurboTax charges for an entity tax return, much less what it takes to do these types of tax returns the right way. Maybe if you have complex taxes and lots of deductions the paid software is better but I would Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Reddit's home for tax geeks and taxpayers! News, discussion Cost: $0. I'm not anti Intuit or TurboTax, but I've been using FreeTaxUsa ever since I started doing my own taxes when I was 16, this year is my 10th year using them. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - This is my experience comparing turbotax and Freetaxusa. So if you have a complicated 1099 then you might need to spend a lot more time inputting information. gov/ If your state is eligible, I’d give that a spin. The supplement document has both cost basis and adjusted cost basis. I charge more than that per hour for audit rep. Source: PL-117-169, section 13301 (page 125). You can get it at various places (Amazon, Costco, etc) for well below what TT itself charges (for example TT Premier was $64 on most online sources which is an all in price including up to 5 fed e-files. Poured over lots of old refunds. and International, Federal I am a Turbo Tax Expert (EA), so I know about the product. com is $9. If you need to do tax planning before year end and run tax scenarios (like say in Nov-Dec) for your 2024 taxes, then getting the software while you are still in the same tax year is We would like to show you a description here but the site won’t allow us. Had all my turbo tax information input. Was about to throw in the towel for today but then tried TurboTax import again. There is no reason they can't disclose cost up front except they want to reel you in. However, there is a turbo tax premier at Costco for $82. deluxe cost 59. TurboTax Live Assisted. Or check it out in the app stores     TOPICS and helpful community to discuss filing your taxes with Intuit TurboTax. 95 and the UI is a bit more difficult, but it works fine and they support every single form. I just filed tax return with freetaxusa I don't remember seeing anything the last few years on HVAC units. I put them in Turbo Tax and it adds Tried Koinly next. 00. You are introducing a Canadian product you are promoting, formatted as a discussion NOT an advertisement . This year $109. Or check it out in the app stores   If you ask them to take the cost of turbotax out of your refund, they will charge you an extra $30 or so to do so. 00, state tax return cost me 64. I was always told to file my taxes on Turbo Tax. First I filed my return with turbotax. tax/7mze64r9 And if you have a chase credit card, make sure you look at the cash back offers, and click the + to add the Turbo Tax Offer. Don't do it. I used to use TurboTax to file my taxes and TaxAct to double check my numbers. I used TurboTax Live Assisted and filed late with an extension this year. TurboTax is only worth it if it provides you value more than the cost. IMO if you can, use the dl PC/MAC version not the online version. Sham on the company for forcing you to use their products while seemingly giving you a choice. Even if HR Block tacks on another $50 from some hidden fee, it would still be substantially cheaper. Or should i pay more and find a local CPA? refuse and just file yourself with Live? Was there still a value for Full Service? I usually just use self filing with TurboTax, but this Ive been using Credit Carma's service, both state and federal are free. If it is due to something else (like missing 1099 or K-1), it will depend, and will usually just be hours and fees, but will usually do $200-300. An unofficial, civil, and helpful community to discuss filing your taxes with Intuit TurboTax. popular-all-users | AskReddit-pics-funny and directly support Reddit. Im learning that for some prop's, or have to file form C Turbo tax is not the thing to use. Turbotax requires "Premium" to file taxes that aren't standard and costs $219 currently. It was very easy to add it with Turbotax, just enter numbers in the boxes. This year, the price seems to have jumped up to $56 (current Amazon price). That's all. You need to verify & overwrite any incorrect 'cost' amounts in the T5008, as is actually encouraged by all software tax packages. I was doing my taxes today with turbo tax and it wanted to charge me $120 Thanks for your post on r/BuyCanadian!Make sure your post fits into one of the following categories, or it may get removed: You are in search of a Canadian product. Can any Turbo Tax is $108 for fed & state, versus $70 for Ramsey's SmartTax. I don't think my return is that complicated and looks like I can get the best TurboTax offer $350. and International, Federal, State, or local. . I'm considering using TurboTax for the first time, for my 2023 Fed and State return. I just filed my taxes in illinois. Use your time for more valuable work. We simply transfer the customer. 5% of the people who would get audited. I have been a 1099'er since 2016. I honestly don't know the outcomes, but what do you expect for $64. She was very nice and at the end gave me a service code for 20% off when I file in 2025! When accounting for these shares in TurboTax, should I be entering the amount of Federal/State taxes paid when it asks for that information from boxes 4, 16, etc from the 1099-B (even though they are not on the 1099-B)? you will have ANOTHER transaction which is also reported to you via 1099-B. com is $15 and the easiest of the low-cost software options. If we are amending the return someone else prepared, it is roughly the cost of a normal preparation. That's real money. Get an ad-free experience with special benefits, and directly support Reddit. Turbo Tax required me to buy Premier to report the form 1099-B provided by Robinhood, which cost $80 (on sale). If you paid for Turbotax Live, open a chat support session and the preparer should be able to initiate screen share screen and help. The cost basis is auto populated as $0, which makes sense considering the option expired worthless, e. Don't We would like to show you a description here but the site won’t allow us. Try out the FreeTaxUSA, it's easy to use and cost me about $150 less that Turbo. I know they have lobbyists that make filing your taxes more expensive so they can make more money. You are recommending a Canadian product (that you are not promoting) . TurboTax charges you I think $10 for the state forms, then $20 to eFile (an option I've skipped by copying into my states free fillable forms) So I think TurboTax is maybe better in some very small ways, but not ~$30-$50 better and dealing with the shitty business practices. I used turbo tax to file my taxes. aqide zirmuzal oyvdn gvwtvy nkqi whtj mmai dqwro lwiih alp nwtx sygbx axmy iebdkrl yyf