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+--- Thread: Informal nosy poll re: taxes (/showthread.php?tid=293377)
Re: Informal nosy poll re: taxes - gabester - 01-16-2025
Idea for followup poll - how much are you spending to do your taxes with answers like:
$price of tax software
$flat price of tax service
$price of my time
$cpa custom value range
Re: Informal nosy poll re: taxes - davester - 01-16-2025
As others have stated, I run the numbers both ways and go with what the tax software indicates results in the lowest taxes. Since 2018, most years the standard deduction is the correct way.
Re: Informal nosy poll re: taxes - vicrock - 01-16-2025
Up until last year itemize - last year the standard deduction was more beneficial. I always run the numbers for itemization and then compare.
Re: Informal nosy poll re: taxes - DinerDave - 01-16-2025
Ever since my wife went back to work out of the house, not self employed, some years we could not get enough deductions to itemize. I think our last itemize year was when we replaced the septic.
Dave
Re: Informal nosy poll re: taxes - Markintosh - 01-17-2025
Without a home mortgage deduction and being retired, it's super simple: standard deduction.
Re: Informal nosy poll re: taxes - wurm - 01-17-2025
Hell, even the home mortgage deduction may not make it close enough to justify. I know ours won't. Not really complaining, though. It sure makes it easier to file.
Re: Informal nosy poll re: taxes - Lizabeth - 01-17-2025
I did my own taxes, on paper, until my parents passed away. Then it became way too complicated to do manually on paper. It was by far easier to let a professional familiar with the software to do it for me. And it is worth every penny.
Re: Informal nosy poll re: taxes - WHiiP - 01-17-2025
Acer wrote:
Not since the 2018 standard deduction changes. Before that, it was some years one way, some years another, so I usually calculated both ways. Now I don't bother beyond a quick back of the napkin calculation just in case.
How do you decide which side of the napkin is the back?
Re: Informal nosy poll re: taxes - TLB - 01-17-2025
Standard after home was paid off.
Re: Informal nosy poll re: taxes - Wags - 01-17-2025
Sch C