#Do need to buy turbo tax 2015 software#
If you are comfortable with a computer, there are great software packages like TaxACT, eSmart Tax and TurboTax available that allow you to e-file or print to file. ( Don't laugh: I have a brother in technical support who gets calls from folks who question why their computers don't work during power outages.) Not everyone is comfortable clicking away on a mouse (I'm talking about you, Mom!). Many software packages are user-friendly but filing electronically still requires some basic understanding of computers. In 1986, only 25,000 returns were e-filed but recently, the IRS claims McDonald’s-like numbers, announcing more than “one billion served.” And while there are hold-outs like my father-in-law who carefully plot their income and expenses on ledger paper and prepare returns by hand, nearly 80% of taxpayers will file their returns electronically. How computer savvy are you? E-filing is all the rage - whether you prepare your own return or use a tax preparer. If plowing through those formulas is just going to make you frustrated - or if, like me, your "free time" consists of energetic children putting together Broadway style musicals at the drop of a hat - you might not be able to put together the most complete, most accurate return on your own. While though the IRS offers a number of helpful forms and publications, it can still be difficult figuring out the nuances of various deductions and credits.Įven when your return is not particularly complicated, it can take time: figuring out whether to claim the standard mileage rate or the actual expenses for your automobile usage, for example, requires you to run both sets of numbers. Nobody - even the geekiest of tax geeks among us - is going to sit down and read it all during tax season.
#Do need to buy turbo tax 2015 code#
The Tax Code is now nearly four million words in length. How much patience do you have? Since 2001, Congress has made nearly 5,000 changes to the Tax Code: that’s more than a change per day. You'll need to balance how much time you have available to spend - and how much time you actually want to spend - preparing the return in addition to getting your records together.Īnd don't forget the time value of money: it matters.Ģ.
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If you itemize deductions, that means getting receipts and other documentation on charitable deductions, medical expenses, unreimbursed job expenses and the like together.
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But don't think you get a pass if you use a tax professional: it's still your responsibility to get your forms and other information together.