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What are "complicated" taxes that require a professional? (USA) (lemmy.world)

submitted 8 months ago by Copernican@lemmy.world to c/personalfinance@lemmy.ml

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I always see advice about which software to use and there's always the advice that FreeTaxUSA is the best bang for your buck and does everything you need for when your taxes are "simple." I've used and thought it was great for years. But as my career has grown and no longer filed as a single I've begun to question when my taxes and earnings become "complicated" to the point where it is worthwhile to have a professional do my taxes. Are there general recommended bullet points or scenarios?

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[–] superfes@lemmy.world 4 points 8 months ago* (last edited 8 months ago)

I filled out my taxes this year on TurboTax, FreeTaxUSA and TaxAct, both FreeTaxUSA and TaxAct messed up my state taxes to the point that they were basically unusable, TurboTax also messed up my state taxes... but it wasn't nearly as bad.

Of all three services, as much as I wanted to not use TurboTax, it had the greatest refund, so that's what I filed with.

We seriously need to get rid of personal tax crap for people who aren't making money from anywhere but their regular jobs, the government already knows how much we paid, shouldn't have to math it.

Anyways, just letting anyone that's curious know what it was like filing taxes this year.

Edit: One year I had a CPA do my taxes, it ended up with a larger refund, but it cost more, so it kinda washed out. Maybe ended up being a difference of like $20.