Informal nosy poll re: taxes

[gabester]

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

[davester]

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.

[vicrock]

Up until last year itemize - last year the standard deduction was more beneficial. I always run the numbers for itemization and then compare.

[DinerDave]

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

[Markintosh]

Without a home mortgage deduction and being retired, it's super simple: standard deduction.

[wurm]

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.

[Lizabeth]

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.

[WHiiP]

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?

[TLB]

Standard after home was paid off.

[Wags]

Sch C