Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Tax software deals
Old 10-21-2020, 11:24 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 6,745
Tax software deals

I received an email from H&R Block for $20 off Fed + State Delux program ($34.95 plus $5.99 for extended download service) if I buy in the next couple of weeks. Program available Nov. 9.

Thinking about doing that....
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-21-2020, 11:36 AM   #2
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 2,119
Wait. Just wait until Thanksgiving Day. The software won't work until mid-December.

I don't need the state tax software, but last year I bought the Federal Deluxe for $14.99 plus state sales tax and downloaded from Amazon.
__________________
Only got A dimple, would have preferred 2!
Gotadimple is offline   Reply With Quote
Old 10-21-2020, 09:17 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 5,498
I donít think itís that great of a deal. If you are looking to save $$ the extended download doesnít seem to be worth it. Are you super anxious to start your tax prep?
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 10-21-2020, 09:25 PM   #4
Thinks s/he gets paid by the post
SecondCor521's Avatar
 
Join Date: Jun 2006
Location: Boise
Posts: 4,677
I get mine and my family and friends done for free by being a volunteer tax preparer for the AARP Tax Aide program.

Of course, I "have to" volunteer like 40-80 hours in the spring doing taxes for strangers, plus 40 hours of training in the winter.

But they pay mileage, and I like to help people out, so I think I'm getting the sweeter end of the deal.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is offline   Reply With Quote
Old 10-21-2020, 10:42 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 10,384
Last year, I paid $19.99 for H&R BLOCK Tax Software Deluxe + State

It was not the cheapest possible, it was the end of Nov.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is online now   Reply With Quote
Old 10-22-2020, 06:35 AM   #6
Thinks s/he gets paid by the post
Free To Canoe's Avatar
 
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,821
I just checked the web site. I guess HR Block is not supporting Windows 7.
__________________
Free to canoe
Free To Canoe is offline   Reply With Quote
Old 10-22-2020, 07:25 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Jul 2013
Posts: 1,023
I just wait for Fido to give me my copy of TurboTax.
mrfeh is offline   Reply With Quote
Old 10-22-2020, 07:28 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: NC
Posts: 16,130
I always wait for TT at Costco. Won’t have all my docs until then, and I’d rather wait for the latest updates then anyway.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 40% equity funds / 35% bond funds / 25% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 10-22-2020, 08:46 AM   #9
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 16,699
Quote:
Originally Posted by mrfeh View Post
I just wait for Fido to give me my copy of TurboTax.
I don't see any reason to go looking for tax software until December. You can't realistically use it before then in most cases, and you certainly don't have all your documents yet.

If all you want to do is get a rough idea, just use the "what if" part of the current version.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 10-22-2020, 08:48 AM   #10
Thinks s/he gets paid by the post
 
Join Date: Jul 2013
Posts: 1,023
Quote:
Originally Posted by braumeister View Post
I don't see any reason to go looking for tax software until December. You can't realistically use it before then in most cases, and you certainly don't have all your documents yet.

If all you want to do is get a rough idea, just use the "what if" part of the current version.
Fidelity has generally rolled this out in January the last couple years.
mrfeh is offline   Reply With Quote
Old 10-22-2020, 08:55 AM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 10,083
Quote:
Originally Posted by braumeister View Post
I don't see any reason to go looking for tax software until December. You can't realistically use it before then in most cases, and you certainly don't have all your documents yet.

If all you want to do is get a rough idea, just use the "what if" part of the current version.
Last year I bought early to make sure I was still under the ACA subsidy max with the new tax form changes. I was pretty sure nothing really changed with respect to the ACA cliff but I wanted to see it for myself. It wasn't too hard to simulate the 1099s I hadn't received yet, and I would've done that anyway with a "what if" on the old tax version or my spreadsheet.

For this year, I feel like I've got enough confidence with my spreadsheet, but I may still buy before I do my Roth conversions. Not worth saving $10 or $20 only to find out I made a $5000 error on the subsidy calculations.
RunningBum is offline   Reply With Quote
Old 10-22-2020, 11:04 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 10,384
Quote:
Originally Posted by Free To Canoe View Post
I just checked the web site. I guess HR Block is not supporting Windows 7.
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.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is online now   Reply With Quote
Old 10-22-2020, 11:18 AM   #13
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 4,843
Quote:
Originally Posted by mrfeh View Post
I just wait for Fido to give me my copy of TurboTax.
Quote:
Originally Posted by mrfeh View Post
Fidelity has generally rolled this out in January the last couple years.

Yeah it will be interesting to see what happens this year. Last year IIRC, it seemed like they rolled it out later than usual.

If I have to pay for it, I'll pay for it.

But I think I may be forced to upgrade Mac OS in order to be able to run it.
explanade is offline   Reply With Quote
Old 10-22-2020, 12:00 PM   #14
Recycles dryer sheets
Osprey's Avatar
 
Join Date: Jul 2016
Posts: 106
Quote:
Originally Posted by RunningBum View Post
Last year I bought early to make sure I was still under the ACA subsidy max with the new tax form changes. I was pretty sure nothing really changed with respect to the ACA cliff but I wanted to see it for myself. It wasn't too hard to simulate the 1099s I hadn't received yet, and I would've done that anyway with a "what if" on the old tax version or my spreadsheet.

For this year, I feel like I've got enough confidence with my spreadsheet, but I may still buy before I do my Roth conversions. Not worth saving $10 or $20 only to find out I made a $5000 error on the subsidy calculations.
I also am leaning towards buying it before end of Dec so I can make Right amount of Roth conversion $.
Osprey is offline   Reply With Quote
Old 10-22-2020, 12:05 PM   #15
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 16,699
Quote:
Originally Posted by Osprey View Post
I also am leaning towards buying it before end of Dec so I can make Right amount of Roth conversion $.
Understood, but if I were trying to be that precise about the conversion amount I would be very much afraid of missing something (a forgotten bit of interest or dividend, or something similar) that would push me over the line.

I simply do a rough calculation and plan on converting a percentage (like 97%) of what I expect to get away with. That keeps my sleep peaceful.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 10-22-2020, 12:12 PM   #16
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 47,318
Quote:
Originally Posted by Gotadimple View Post
Wait. Just wait until Thanksgiving Day.
^ This. The last two years (probably even longer) Amazon and Walmart have offered major price discounts on H&R Block tax software the week of Thanksgiving.
__________________
Numbers is hard

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 10-22-2020, 12:54 PM   #17
Recycles dryer sheets
Osprey's Avatar
 
Join Date: Jul 2016
Posts: 106
Quote:
Originally Posted by braumeister View Post
Understood, but if I were trying to be that precise about the conversion amount I would be very much afraid of missing something (a forgotten bit of interest or dividend, or something similar) that would push me over the line.



I simply do a rough calculation and plan on converting a percentage (like 97%) of what I expect to get away with. That keeps my sleep peaceful.


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.
Osprey is offline   Reply With Quote
Old 10-22-2020, 12:58 PM   #18
Thinks s/he gets paid by the post
 
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 1,636
Quote:
Originally Posted by mrfeh View Post
Fidelity has generally rolled this out in January the last couple years.
I sure wish they would do this in Dec as it would make some year end decisions a bit more precise than the "what-if" in the previous year's edition. The what-if works well as a planning tool. It is not as good as the real thing for an action deciding tool IMO. But I will take what I get.
CRLLS is offline   Reply With Quote
Old 10-22-2020, 03:23 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 10,083
One reason for why to buy and use a tax program in December is the confusion over the ACA subsidy cliff. If you look up 2020 400% FPL you do not get the 2020 subsidy cliff. It's based on the previous year FPL, and that has confused people.
RunningBum is offline   Reply With Quote
Old 10-22-2020, 03:39 PM   #20
Thinks s/he gets paid by the post
RetireBy90's Avatar
 
Join Date: Feb 2009
Location: Cville
Posts: 1,065
Quote:
Originally Posted by CRLLS View Post
I sure wish they would do this in Dec as it would make some year end decisions a bit more precise than the "what-if" in the previous year's edition. The what-if works well as a planning tool. It is not as good as the real thing for an action deciding tool IMO. But I will take what I get.
Regarding Fidelity, does anyone know if you can get a year to date from Fidelity ? Last year was first for my FIRE and had some changes this year also with DW starting SS. Iíve been trying to track all income and quarterly tax payments, along with one time items and conversions. Not a lot of confidence in my results
__________________
FIRE 31 Aug, 2018 - Always leave every place better than you found it, always give more than expected
RetireBy90 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 2 (0 members and 2 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
tax software to handle foreign tax credit correctly? figner FIRE and Money 6 05-01-2012 03:17 PM
My Experience with TAX ACT tax prep software samclem Other topics 23 04-19-2009 07:34 PM
best travel deals bearkeley Young Dreamers 3 01-21-2006 06:18 PM
"Black Friday" Shopping Deals REWahoo Other topics 7 11-14-2005 01:55 PM
Nice baby formula deals cute fuzzy bunny Other topics 0 03-20-2005 10:30 AM

» Quick Links

 
All times are GMT -6. The time now is 12:30 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.