Babies on the Brain

FYI if you use TurboTax

Don't get me wrong, I love this software and this error is probably my fault somehow. ?I was entering deductions and credits and it wasn't asking me for my interest paid on my mortgage, just my property taxes. ?I clicked around and found where I could enter it and it said it probably wouldn't affect my return, but gave me the option of entering it anyway. ?My refund skyrocketed after I entered it. ?Enter all deductions and credits you can find whether they recommend it or not!!
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Re: FYI if you use TurboTax

  • What version were you using?  It did the same thing to me as well!
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  • Deluxe (one that costs around 30 bucks). ?I think it had something to do with some estimated amounts I entered somewhere towards the beginning of the process.
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  • Ah...yeah, after I do the "guide me", I always go in to the "choose your topics" section and look around.
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  • Wow, we use the Home & Business one...Good catch on finding it!!! Imagine those people that do not catch it!
  • I use Home & Business and didn't have a problem with it.
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  • Hmm that's interesting.  We also have the Deluxe version and DH did our taxes over the weekend.  We owe close to $3000 Angry I'm pretty sure he entered in our interest, but I'll double check.  I'd LOVE for that amount to go down!
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  • imageidavis:
    I use Home & Business and didn't have a problem with it.

     Interesting...I wonder if it is having a glitch if you use it on the internet vs the CD?  Or it could just be an error on my part Smile

  • I'm wondering if my answers/estimates made it recommend the standard deduction rather than itemized. ?That could have been the error.
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  • Christ - I wish that'd happen to us, we owe taxes for the first time this year and I don't get why!
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  • imagejennabee13:
    Christ - I wish that'd happen to us, we owe taxes for the first time this year and I don't get why!

    We do too and I don't get it.  We normally get around $8K back.  WTF?!

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  • We owed a couple years ago for the first time. ?It was the first year we didn't pay much in student loan interest, did pay any tuition, and hadn't been in our house more than a couple of months, so we didn't have many deductions or credits at all.
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  • That's weird.  Ours has a place for it, but we don't do the "guide me" we just pick and choose what applies to us.
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  • Thanks for the heads up, I use TurboTax but haven't bought it yet.  I also go through all the categories as well, not just rely on the guide. 
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