Maybe Fido vs. VG? I got my VG 1099 with VTIAX before the end of January as well.
I went old school this year, paper returns completed and will be mailed in April.
with the higher standard deduction we no longer itemize. .
I'd presume that's due to a much lower standard deduction than the Fed now allows. Hey, it just cost you time and effort. Why do states care?I was surprised last year that California State software itemized deductions even though Federal used standard deductions. Some states do that.
I did my taxes last night and e-filed them. I generally finish during the first couple of weeks in February, so this was late for me I guess. It's nice to have that behind me! Now all I have to do is schedule my estimated tax payments for this year on EFTPS and on Louisiana's equivalent site for estimated state income tax payments.
Is there a reason that you do estimated payments rather than withholdings from tIRA withdrawals/RMDs? I find it a lot more convenient.
Wow, not for me! Perhaps you have not yet tried EFTPS for estimated tax payments? I think you might find you like it. It only takes me about 5 minutes to set up EFTPS payments for the entire year, and the amount is completely under my control which I much prefer. I'd far rather do that than deal with withholdings from half a dozen small income streams coming at me from various sources.
I have to give Audreyh1 credit! I found out about EFTPS from her, or I never would have known about it.
I've read the advice about waiting a period of time after filing, if you need to file an amendment. I filed a week ago and right after that, realized I missed entering the non-deductible IRA contribution. The screen showed "allowable amount" which was the same as what I had contributed and I guess I thought I had entered it already. I missed the box right below it where I was supposed to enter the amount.
So, the whole first page of my 8606 is blank and then the $7000 shows up on page 2/part II of the form as the amount converted and the amount of the basis. The 0 taxable amount is right. But, since this was my first year completing an 8606, they are not going to find that non-deductible contribution in any previous year. So I would think this error would generate a question from the IRS about how I filled in the form.
So my question is, am I better off getting that amendment filed now, to try and head off the IRS question, or should I still wait a little while, which is what the conventional advice is when amending? The amendment will not result in any change to the tax amount, just the form content.
Wow, not for me! Perhaps you have not yet tried EFTPS for estimated tax payments? I think you might find you like it. It only takes me about 5 minutes to set up EFTPS payments for the entire year, and the amount is completely under my control which I much prefer. I'd far rather do that than deal with withholdings from half a dozen small income streams coming at me from various sources.
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As soon as my K-1 comes in (late Feb) I will file. Have some refunds coming so might as well get the $$.
It took me all of 5 minutes this year to set up all my quarterly withholdings for 2020 using EFTPS.