expired Posted by the-press-box • Jan 2, 2025
Jan 2, 2025 10:13 PM
Item 1 of 1
expired Posted by the-press-box • Jan 2, 2025
Jan 2, 2025 10:13 PM
H&R Block Deluxe + State 2024 Tax Software w/ 1-Year Bitdefender or Malwarebytes
& More (PC Digital Download)$23 each
$46
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It is not easy and I have no disagreement with you at all on that. I only say once you make the decisions plugging the numbers in the software to generate a return is pretty easy if you have all your documents and numbers together.
That kind of stuff has real and sometimes terrible long term impact on people, we are talking homelessness and extreme poverty kind of tragedies. The public has to sharpen up on financial literacy and in general about finances overall. When I see the numbers of people that decline 401Ks it makes me despair. Rich people can waste money poor people can't yet they do.
Recently in a neighborhood forum some elderly lady that lost a husband was having trouble paying the mortgage and making end meet. She wanted to pay the mortgage off to minimize monthly expenditures and instead of taking a loan against her government retirement plan she pulled money out and I think was hit with near a 30% tax and penalty and now does not have the money to pay that. She did absolutely no research or reading about the implications of her decision that now has her in in a precarious position that can end t in tragedy. Now instead of low interest loan against held assets that a lender new secure she will have to take very fight unsecured one if she can even get one. If I remember right she even mentioned that the plan would have allowed a low interest loan but she did not find that out to after the fact. That tax bill and penalty may make her lose the the house as he only has SS income coming in. That was last tax season and she often pops and my mind and I do not think she is going to be ina good place right now.
This stuff is even more important if you are middle class to poor and to many of the working class and poor think they can ignore it all but it gets them in dire situations and they unlike the richer families have no one to bail them out.
Your tax filing will remain in your computer and be accessible through the program.
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In the end it will do the same thing and get your taxes done. It has been doing that for me for a long time and I have a pretty complex tax return. I have never understood why people paid so much more for TT to do the same thing. Block does claim to import from TT and the worst case I see is if you are not fond of it you can go back to TT next year.
Second best option is H&R deluxe for <$20.
IRS Free File tax preparation software is available to taxpayers and families whose 2022 total adjusted gross income was $73,000 or less. Products are available in English and Spanish.
You can't use Direct File if:
If your wages are more than $200,000 ($168,600 if you had more than one employer).
Taxpayer Information Keeps Ending Up In the Wrong Hands
https://www.gao.gov/products/gao-23-105395 [gao.gov]
Security of Taxpayer Information:IRS Needs to Address Critical Safeguard Weaknesses
https://www.gao.gov/products/gao-23-105395
But despite these IT updates, in our new report we found critical weaknesses in IRS's efforts to protect its systems (new and old) from cyberthreats. For example, IRS is required to maintain an inventory of its systems that store taxpayer information. But we found this inventory was missing seven systems used to process tax data. If IRS does not know which systems house taxpayer information, it cannot ensure that proper protections are in place.
https://www.tigta.gov/sites/defau...0033fr.
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