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Tax Time

02/01/06 @ 12:44 pm · By Steve Hoffman · Comments (3) · Leave one
I'm going crazy here waiting for the last two or three statements to come in so we can go get our taxes done.  I hate waiting until the last minute and certainly don't want to be filing an extension.  My only dilemma right now is to we do them ourselves or take them somewhere?   I know lots of people who have them done and they claim it's not too expensive, but I've had pretty good luck filing them myself these past few years so I don't know why it would be much different now..we really only have a mortgage deduction to tack on...  I told Joni that I'll do them online first to get a feel for what we'll get back and if it's substantially higher then last year we'll take them down to have a pro look them over, but I have a feeling we've jumped tax brackets and are probably paying a higher rate then we were last year so it'll probably wash.  What do people pay to have someone do their taxes?  Comments please!

Comments

Taxes · 02/01/06 @ 4:09 pm · AP
Regarding your tax preparation question, I prepare our taxes every year using online services. I have used TurboTax.com and found it to be the easiest to use but a little pricey. I have also used TaxSlayer.com which is not as user friendly but cheap. Both allow you to enter all the information and get a result without paying a dime until you print or file. I usually enter the information into both systems and when I get the same results on both systems I then file with the cheaper one. TurboTax will show your running refund/credit balance. I have paid to have taxes done in the past and it always ran close to or just over $100. To me, the hardest part was getting all the documents together and feeling confident that I had everything. Once that was done the data entry is routine. Mortgage interest isnt hard to handle, particularly on TurboTax. Give it a shot before paying someone else. Good luck.
In the past · 02/01/06 @ 4:13 pm · Steve
We've used <a href=http://www.taxactonline.com>TaxAct Online</a> for the past few years and with good success...I know it keeps the running total and you don't pay until you're done, plus it's only $7.95 or so for Federal and $7.95 for state.
tax prep · 02/04/06 @ 5:03 am · jh
We have a rather complicated tax return, it runs about $400.00 at H&R Block. I use Turbotax (there are several versions)then I go to Block every couple of years to calibrate.