This edition of Turbotax does away with the CD-ROM. Users need to download the tax program and install it on their computers. I miss the CD-ROM because downloads can be problematic. Fortunately, I was able to download and install Turbotax in five minutes.
I’ve used Turbotax for decades. Some years are much better than others. This latest version transferred last year’s tax information and it took me about an hour to input all our tax information.
Once the tax calculations were done, I had to e-file the Federal and State returns which involves typing in numbers from Diane and my NY State driver’s licenses. Since the IRS just laid off 5,000 employees during Tax Season, my confidence in the processing of my Federal Tax Return is not high. But the IRS notified me they received my e-filed return. I’m still waiting to hear from NY State.
Basically, our tax returns now that we’re retired consists of four numbers: Diane’s Social Security and NY State pension and my Social Security and NY State pension. We have no deductions since Patrick and Katie are off on their own, our house and vehicles are paid off, and our lives are placid and debt-free.
We owe the Feds some money and NY State some money. We’ll send them some checks and be done with this chore for another year. How are your taxes?
I’ll let you know in April. We don’t do ours until we get home. We also have Jackie’s pension and our Social Security. And some investment accounts. We usually end up getting some back, because we do 20% withholding to cover likely taxes.
Jeff, I’ve tweaked our withholding but somehow I have not hit the Sweet Spot.
For the past fifteen y4ars or so I waited until the very last moment. But 2025 is going to be different! Two weeks ago I decided to do my taxes, but didn’t. Last week I decided to do my taxes, but didn’t. I have now decided to do my taxes this week. Want to bet whether I do them?
Jerry, tax preparation is a tedious task. I don’t blame you for procrastinating. But, I’m the kind of guy that wants to get my taxes done so I don’t have to think about them until next year.