# income tax gurus, i need help

**URL:** https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074
**Category:** NYSpeed Off Topic
**Created:** [April 2, 2008, 7:06am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074 "2008-04-02T07:06:19Z")
**Posts on this page:** 11
**Page:** 1

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### Author: ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)
#### Post date: [April 2, 2008, 7:06am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/1 "2008-04-02T07:06:19Z")

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this is the first year that im going to have any kind of deductions for my return. i bought a house in november of 2007. what can i deduct from the house buying expenditures? and what kind of return should i see based on these deductions?

now that my taxes have become more complex…who would you recommend i go to in order to prepare my taxes?

i know i suck waiting till the last minute…but any help is appreciated.

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### Author: ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)
#### Post date: [April 2, 2008, 7:12am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/2 "2008-04-02T07:12:05Z")

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the thing that i did not like also a new home owner that the money you pay in from work you dont get that if you paid more in taxes getting the house or v/v so i thought i was going to get about 4k more then i got

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### Author: ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [April 2, 2008, 7:15am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/3 "2008-04-02T07:15:04Z")

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Turbotax and TaxCut are pretty good at going question by question and finding the standard deductions you can take for things like housing, kids etc.

With a house you’ve got:  
Mortgage interest  
Taxes  
Probably some other stuff since you bought this year.

You might be able to deduct moving expenses if you meet the criteria that I don’t remember off the to of my head.

Either of the programs I mentioned will have the details about what you can deduct.

The only year I paid a professional was the year I did over 30k in side work in addition to my regular job and filed as a sole proprietor, moving almost every expense I had that year over to the business side to get the big deduction. That year I was afraid of getting audited because we really pushed the limits on deductions. 🙂

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### Author: ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [April 2, 2008, 7:18am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/4 "2008-04-02T07:18:01Z")

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> [@JayS](#):
>
> Turbotax and TaxCut are pretty good at going question by question and finding the standard deductions you can take for things like housing, kids etc.
> 
> With a house you’ve got:  
> Mortgage interest  
> Taxes  
> Probably some other stuff since you bought this year.
> 
> You might be able to deduct moving expenses if you meet the criteria that I don’t remember off the to of my head.
> 
> Either of the programs I mentioned will have the details about what you can deduct.

dot

Just use TurboTurd. You can deduct mortgage interest, property taxes and points.

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### Author: ![BooSting](https://avatars.discourse-cdn.com/v4/letter/b/b19c9b/32.png) [@BooSting](https://forums.speedlife.net/u/BooSting)
#### Post date: [April 2, 2008, 7:49am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/5 "2008-04-02T07:49:21Z")

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+1 turbotax, super easy to have it walk you through

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### Author: ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)
#### Post date: [April 2, 2008, 8:18am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/6 "2008-04-02T08:18:35Z")

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did you guys buy the software or do it online?

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### Author: ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [April 2, 2008, 8:47am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/7 "2008-04-02T08:47:10Z")

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Online TurboTax… premier (IIRC) covers all the deduction walkthroughs. Super easy to use and points out stuff you didnt think of.

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### Author: ![greenbull](https://avatars.discourse-cdn.com/v4/letter/g/bc8723/32.png) [@greenbull](https://forums.speedlife.net/u/greenbull)
#### Post date: [April 2, 2008, 9:01am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/8 "2008-04-02T09:01:58Z")

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have you really paid enough to claim more than the standard deduction? i bought my house in September and the lady who did our taxes said i was almost able to use it.

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### Author: ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)
#### Post date: [April 2, 2008, 1:39pm UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/9 "2008-04-02T13:39:32Z")

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depends on what you make, but taxfreedom is turbotax for those that make under a certain amount of income.

Same turbotax software online, only its free preparation and efile for state and federal.

I have no idea why people buy software in the box for 19 bucks when anyone with an internet connection can use turbotax online.

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### Author: ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)
#### Post date: [April 4, 2008, 11:44am UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/10 "2008-04-04T11:44:08Z")

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> [@JustinH](#):
>
> depends on what you make, but taxfreedom is turbotax for those that make under a certain amount of income.
> 
> Same turbotax software online, only its free preparation and efile for state and federal.
> 
> I have no idea why people buy software in the box for 19 bucks when anyone with an internet connection can use turbotax online.

taxfreedom only applies to people making under $30,000 AGI.

turbotax deluxe software (federal and state) is $45

turbotax deluxe online (federal and state) is $85

so unless there is a reason online is better other than the free e-file, which i dont need, im going to download the software…its $40 cheaper.

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### Author: ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [April 4, 2008, 12:57pm UTC](https://forums.speedlife.net/t/income-tax-gurus-i-need-help/46074/11 "2008-04-04T12:57:05Z")

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> [@d3x](#):
>
> taxfreedom only applies to people making under $30,000 AGI.
> 
> turbotax deluxe software (federal and state) is $45
> 
> turbotax deluxe online (federal and state) is $85
> 
> so unless there is a reason online is better other than the free e-file, which i dont need, im going to download the software…its $40 cheaper.

Software is a better deal if you do more than one persons taxes. If it is just you, online is perfectly fine.

Deluxe DL/CD = $44.95, efile additional  
Deluve Online = $49.95 + State ($30.95), efile free

hrm, that is odd… paying for storage, since you can access it online, anywhere, year after year…
