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The MEGASHOCK Saloon Thread 3: Chinder Chagger Edition


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Posted (edited)
2 hours ago, DoctaMario said:

Why would using TurboTax make any difference?

The short of it is: if you opted to get your tax refund last year as an H&R Block or Turbo Tax debit card the IRS stimulus program they’re using automatically assumes you’d want it sent to that debit card you received.
 

The problem is, once that tax return debit card is spent it ceases to exist. So the IRS is essentially trying to send the money to somewhere that doesn’t exist 
 

there are other reason but this is the most concurrent reason as to why. 

Edited by iStu X
Posted
1 hour ago, DoctaMario said:

Do you guys go to an accountant?

Na, we go it alone. 

I dunno, maybe once I have kids and a house (fingers crossed that ever happens) I'll have someone else do it for me. 

Posted
2 hours ago, DoctaMario said:

Do you guys go to an accountant?

My mom does my taxes. I need to learn to do them on my own. I'm spoiled. She worked in budget for 35 years, so I trust her. Every time I turn around, someone seems to be getting screwed by their tax guy.

Posted
2 hours ago, Darc_Requiem said:

My mom does my taxes. I need to learn to do them on my own. I'm spoiled. She worked in budget for 35 years, so I trust her. Every time I turn around, someone seems to be getting screwed by their tax guy.

Honestly unless it's a really complex one, which is rare, you're better off just using something like turbotax.

 

The one thing Trump did right was increase the standard deduction and cut out most of the general deductions.

 

You should use a CPA for your business, and probably as a contractor too. But if you're just regular employee, it really doesn't matter much.

 

I think for 2020, considering COVID, they should increase the standard deduction even more, get it to around $15-20k. And maybe keep it going forward that way. IMO nobody that makes under say $40k should be paying taxes anyway.

  • misterBee changed the title to The MEGASHOCK Saloon Thread 3: Chinder Chagger Edition
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