the income tax is byzantine for maybe a third of the population.
the income tax is byzantine for maybe a third of the population. The other two thirds of the population have a W-2, maybe a 1098-T or E, and take a standard deduction. Granted, they can use TurboTax for free, but it's still a waste of time. The lifetime education credit is calculated based on the 1098-T that your school had to file with the IRS. I had to help two friends navigate TurboTax after they couldn't figure out where to enter a 1098-E (student loan interest), so my anecdotal evidence is that TurboTax easily misses certain items when hey ask "Did you go to school this year", but not "Did you have education expenses" (or something similar). Without someone who had already used the software to enter similar items, they may not have been able to get that credit. My main complaint with TurboTax (other than the fact that I have to use software to file taxes and buy a new version every year) is that I am charged to e-file at the state level.
Posted by jaynos on Apr 15, 2015, 4:47 PM
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Frustratingly, I have my foot in both worlds to a degree.
I wish there was a translation of this article into English: https://decorrespondent.nl/511/waarom-arme-mensen-domme-...
The post talks about unauthorised charges.
the income tax is byzantine for maybe a third of the population.
the income tax is byzantine for maybe a third of the population.
the income tax is byzantine for maybe a third of the population. The other two thirds of the population have a W-2, maybe a 1098-T or E, and take a standard deduction. Granted, they can use TurboTax for free, but it's still a waste of time. The lifetime education credit is calculated based on the 1098-T that your school had to file with the IRS. I had to help two friends navigate TurboTax after they couldn't figure out where to enter a 1098-E (student loan interest), so my anecdotal evidence is that TurboTax easily misses certain items when hey ask "Did you go to school this year", but not "Did you have education expenses" (or something similar). Without someone who had already used the software to enter similar items, they may not have been able to get that credit. My main complaint with TurboTax (other than the fact that I have to use software to file taxes and buy a new version every year) is that I am charged to e-file at the state level.
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