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Old 10-23-2020, 11:09 AM   #41
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So which service to you all recommend? (perhaps should make a poll/discussion thread).
Turbo Tax. I tried saving a few bucks with H&R Block but had a few problems with it, documented at https://www.early-retirement.org/for...ml#post2064377 .
When a tax program error results in a letter from the IRS, I'm not going to use that program anymore. HRB resulted in two separate letters. I went back to Turbo Tax for good after that.
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Old 10-23-2020, 01:14 PM   #42
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Originally Posted by FLSUnFIRE View Post
So which service to you all recommend? (perhaps should make a poll/discussion thread). I had been using TaxAct.. started out very budget friendly but somehow seem to the the most expensive now (any investment income kicks you into the $80 tier -at least until they offer discounts). I'm sort of fed up with the spike in the prices and have no reason to stay in their ecosystem (was nice when I had carryover losses from harvesting in 2008 but I've burned all that up). I don't need hand holding, just want easy and quick entry and double-checks. Homeowner, do not itemize as I'm well below the threshold, HSA, Cap Gains/Div income. I'm almost tempted to do a paper return but willing to pay some for convenience and electronic filing.


Also, does anyone retired maintain their income under the threshold to use the "Free File" and are there any gotchas that will trip up FIREes if they try; "form WKYHA is not supported under the Free File program." Not relevant to me this year but hopefully for 2021.



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WKYHA (We Know You Have Assets)
I loved and used TaxAct for many, many years. I think the folks who started TaxAct were Parson's Tax Edge alumni. But, like you said, their prices skyrocketed to beyond reasonable. I think they were bought. Last year I purchased TurboTax from Costco. I missed TaxAct but there was no way in h*ll I was paying what they were charging. It was a huge percentage increase from the prior year. Like 40%.
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Old 10-23-2020, 04:02 PM   #43
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Originally Posted by FLSUnFIRE View Post
So which service to you all recommend? (perhaps should make a poll/discussion thread). I had been using TaxAct.. started out very budget friendly but somehow seem to the the most expensive now (any investment income kicks you into the $80 tier -at least until they offer discounts)......
I use H&R Block for the past decade.
Never got any IRS letters.
I have/had: self employment (no employees), rental, dividends, stock sales, roth conversions, roth contributions, option trades, regular employment.

So I have found H&R Block worked ok for me but I never did recharacterizations.

I did use TT one year, oddly it was low cost, but then the next year they excluded some basic forms unless a person upgraded so I switched and never looked back.
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Old 10-23-2020, 04:37 PM   #44
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This topic amuses me every year. A bunch of fairly well to do people trying to save $10-$20 on tax prep software. Heaven forbid any of us pay full price

BUT, buying Tesla's is OKAY
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Old 10-23-2020, 07:07 PM   #45
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I agree with you. Iím not trying to convert the exact ideal number as I recognize there may be some income Iím missing without having 1099s in hand. By right amount, Iím shooting for close to top of what I ideally would like to do with factoring in a cushion so that I donít go over that amount.
Ah... remember the good old days where you could convert, calculate your tax return and recharacterize any excess? I had a number of years in a row where my taxable income was exactly equal to the top of the 15% tax bracket!
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Old 10-23-2020, 07:08 PM   #46
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This topic amuses me every year. A bunch of fairly well to do people trying to save $10-$20 on tax prep software. Heaven forbid any of us pay full price

BUT, buying Tesla's is OKAY
You are right. We are a strange bunch.

We are all strange in our own special ways... some more than others.
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Old 10-23-2020, 08:04 PM   #47
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This topic amuses me every year. A bunch of fairly well to do people trying to save $10-$20 on tax prep software. Heaven forbid any of us pay full price

BUT, buying Tesla's is OKAY
Get off my lawn!
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Old 10-23-2020, 09:57 PM   #48
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This topic amuses me every year. A bunch of fairly well to do people trying to save $10-$20 on tax prep software. Heaven forbid any of us pay full price

BUT, buying Tesla's is OKAY
Only if I can get it on a deal..... like free oil changes for life
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Old 10-23-2020, 10:21 PM   #49
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This topic amuses me every year. A bunch of fairly well to do people trying to save $10-$20 on tax prep software. Heaven forbid any of us pay full price

BUT, buying Tesla's is OKAY

Some were early birds in order to get free supercharging. They often remind others of that privilege that late comers do not get.
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Old 10-23-2020, 11:57 PM   #50
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I just checked the web site. I guess HR Block is not supporting Windows 7.
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Since: "Extended support ended on January 14, 2020, ten years after the release of Windows 7, after which the operating system ceased receiving further support or security updates to most users."

I think any company concerned about security issues would not produce software to work on Windows 7.
Last year Turbotax did not support Windows 7, but it did run on it. You just had to dismiss an annoying message each tie you started the program saying that you were running on an unsupported OS.

BTW you can still upgrade from Windows 7 to 10 for free, even though the offer supposedly ended a long time ago.

https://www.zdnet.com/article/heres-...ws-10-upgrade/

Costco typically puts Turbotax on sale, I'm thinking after Thanksgiving but I could be wrong. That triggers everyone else to match their price.

Oh, and if you are a Private Client at Fidelity (or some other qualifier which is hard to nail down), they offer TT Premier for free around the end of December. Last year it didn't show up until January. I see there are some threads here about it.
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Old 10-24-2020, 12:07 AM   #51
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This topic amuses me every year. A bunch of fairly well to do people trying to save $10-$20 on tax prep software. Heaven forbid any of us pay full price

BUT, buying Tesla's is OKAY

Well if price is really not a concern, we'd be paying someone to prepare the returns for us.
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Old 10-24-2020, 05:18 AM   #52
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I just got an e-mail from Turbotax letting me know that the program will be available at retailers Friday November 27th.
Their pricing which is always far more than I've ever paid on Black Friday
Deluxe $70
Premier $100
Home and Business $110.
Yeah, those prices are list, and you can always do much better. I've been getting H&B through Amazon for a while now. That is beneficial if you need to go back and download old versions too.

Just checked and H&B cost $79.99 in 2019. Placed the order 11-6-19. I expect there will be an early order benefit this year also.
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Old 10-24-2020, 10:06 AM   #53
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I used both H&R Block and Turbo Tax. They are both good yet Turbo Tax is a bit more convenient in use, while H&R is less expensive. I will wait for the Turbo Tax
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Old 10-24-2020, 04:19 PM   #54
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Talking to the lady who just ordered 6 tubes of hrr toothpaste on Amazon bc it was on a special deal. Yes I can pay full price, but why??
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Only if I can get it on a deal..... like free oil changes for life
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Old 10-24-2020, 11:46 PM   #55
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This topic amuses me every year. A bunch of fairly well to do people trying to save $10-$20 on tax prep software. Heaven forbid any of us pay full price

BUT, buying Tesla's is OKAY
I was at a mall today that charges for parking ($3 minimum). They have an area where you can park free for 30 minutes to run in and pick something up. There was a Maserati SUV parked there today. Those go for $100k and up. Similar concept to getting TT free/discounted even though we could afford to pay regular price.
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Old 10-25-2020, 08:14 AM   #56
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Talking to the lady who just ordered 6 tubes of hrr toothpaste on Amazon bc it was on a special deal. Yes I can pay full price, but why??
To be able to make valuable end-of-year financial decisions early that may be missed if you wait too long.
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Old 10-25-2020, 08:30 AM   #57
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I hope I hope the H&R Block works on my (currently extended support) Windows 7. I ran it on XP when it was not supported, so I expect it will run fine. I'm not planning to move to the steaming heap that is Windows 10. I'm off to *nix land when extended support ends.
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Old 10-25-2020, 10:50 AM   #58
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I hope I hope the H&R Block works on my (currently extended support) Windows 7. I ran it on XP when it was not supported, so I expect it will run fine. I'm not planning to move to the steaming heap that is Windows 10. I'm off to *nix land when extended support ends.
I've been using *nix for at least 8 yrs now. But still keep a Windows machine available just for running tax software. I don't like doing it online, prefer it on my machine.

How will you run tax software
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Old 10-25-2020, 11:20 AM   #59
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How will you run tax software
I thought it would work on Wine compatibility layer. But if you asked the question, it makes me believe my plan is faulty. I could always do it on the web, but like many of us, I feel better about having the software and the data on one local machine.
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Old 10-25-2020, 11:37 AM   #60
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I thought it would work on Wine compatibility layer. But if you asked the question, it makes me believe my plan is faulty. I could always do it on the web, but like many of us, I feel better about having the software and the data on one local machine.
Wine seems to only work with old XP type software (I still run Quicken 2000), youíd be better off running a virtualbox image. There are free to use Windows images (7, 8, 10), with limitations of course.
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