Taxes: Difference between revisions

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===IRAs===
===IRAs===
* Use [https://www.irs.gov/forms-pubs/about-form-8606 Form 8606] to report nondeductable IRA contributions or Roth IRA conversions or distributions
* Use [https://www.irs.gov/forms-pubs/about-form-8606 Form 8606] to report nondeductable IRA contributions or Roth IRA conversions or distributions
==Referencees==
{{reflist|refs=
<ref name="ck_square">https://www.forbes.com/sites/jonathanponciano/2020/11/25/doj-forces-credit-karma-to-sell-tax-unit-to-square-71-billion-intuit-turbotax-takeover-antitrust/?sh=4fee01d22dc8</ref>
}}

Revision as of 15:25, 8 February 2021

Important notes for filing taxes

Tax Software

  • IRS Free File is a list of free software if your AGI below a threshold.
  • freetaxusa.con is free for federal and $15 for state.
    • Freetaxusa also has a $7 paid tier for priority support.
  • Credit Karma Tax is free for federal and one state.
    • Note that they only support a a few state tax returns. See here for a list.
    • Credit Karma was acquired by Intuit (TurboTax, Quickbooks, Mint) in Dec 2020. Their Tax services will be acquired by Square[1].

Some companies, such as H&R block, have a free tier with many limitations.

Federal Taxes

IRAs

  • Use Form 8606 to report nondeductable IRA contributions or Roth IRA conversions or distributions

Referencees

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