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I was in exactly the same position as you last month - called multiple times, different answers each time, no letters, nothing on transcripts. I was about to lose my mind compared to previous years when everything was smooth. But then suddenly last Wednesday my transcript updated and the refund hit my account Friday! No explanation, no letter, just money appearing. Hang in there - it seems like they're working through a massive backlog just like when my cousin filed during the height of COVID and waited 4 months.
I'm experiencing the exact same nightmare! Filed January 28th and it's been complete radio silence since then. What's really frustrating is that I've been filing taxes for 15 years and this has NEVER happened before. Usually I get my refund within 2-3 weeks max. I called last week and the rep told me my return was "under review" but couldn't give me any timeline or explanation of what they're reviewing. My return is straightforward - W-2, standard deduction, no major changes from last year. It's like they're treating every return as suspicious now. The worst part is not knowing if I should be worried or if this is just the new normal. Are they expecting us to just sit around indefinitely while they figure out their internal processes? At least send a letter explaining what's happening!
Don't feel bad about backing out! I used to work at a tax prep place (not H&R but similar), and this happens ALL THE TIME. From the business perspective, it's just part of the game. Just be polite when you call to cancel. FYI - for a basic return, those fees are crazy. Unless you have super complicated taxes (multiple rental properties, your own business with employees, etc.), most tax software is really user-friendly now and costs WAY less.
You're absolutely making the right call! $270 is way too much for a basic tax return, especially when you consider how much good tax software has improved. Most people can handle their own taxes these days unless they have really complex situations. Since H&R Block hasn't filed anything yet, you should be completely in the clear to back out without any fees. I'd call them today and just say you've decided to file yourself. Don't let them pressure you into staying - they'll probably try to scare you about making mistakes, but honestly, the software available now walks you through everything step by step and catches most errors. The fact that you're willing to learn how to do it yourself is great too. Once you do it once, you'll realize it's not nearly as complicated as these places make it seem, and you'll save hundreds every year going forward.
I'm confused about something similar. If I have investment losses from 2023 that I didn't claim, can I still use them for my 2024 taxes? Or did I lose the opportunity by not claiming them last year?
You should file an amended return (Form 1040-X) for 2023 to claim those losses properly. The IRS generally allows you to amend returns for up to three years after the original filing deadline. You can't just add last year's unclaimed losses to this year's return - each tax year needs to be handled separately. After amending your 2023 return, if you have remaining losses that exceed the $3,000 annual limit, those can carry forward to 2024.
Great question about the 1099-B form! I went through something similar when I first started investing. That $171 loss is definitely claimable and worth reporting. Just to add to what others have said - don't feel bad about the loss! It's actually a learning experience that many new investors go through. The silver lining is that you'll save a bit on taxes, and now you understand how capital losses work for future years. One thing I wish someone had told me early on: keep detailed records of all your investment transactions going forward. Take screenshots or save confirmation emails when you buy/sell. It makes tax time so much easier, especially if your broker doesn't report complete cost basis information. Also, since you mentioned this was your first time with investments, you might want to research dollar-cost averaging and index funds for future investing. Much less stressful than picking individual stocks!
This is such great advice! I'm actually in a similar boat as Javier - new to investing and dealing with my first 1099-B. The record-keeping tip is gold. I learned the hard way when I couldn't find my original purchase confirmation for one of my trades. Dollar-cost averaging sounds interesting - is that where you invest the same amount regularly instead of trying to time the market? That definitely sounds less stressful than what I've been doing (basically panic buying and selling based on daily price swings). Thanks for the encouragement about losses being a learning experience. It's reassuring to know other people have been through this too!
Tried getting one back in February. They said my hardship wasnt hard enough lmaooo š
I've been through this exact situation! Got a tax advocate last year when I was facing utility shutoff. The key is having solid documentation - I had to provide my shutoff notice, bank statements showing insufficient funds, and medical bills. It took about 5 weeks to get assigned an advocate, but once I did, they resolved my case in 2 weeks. The hardship criteria are strict though - "financial hardship" alone isn't enough. You need proof that waiting longer will cause significant harm. If you have eviction notices, medical emergency bills, or utility shutoffs, definitely apply. Otherwise, you might want to try other options first.
Drew Hathaway
Did you file by mail or electronically? Paper returns are taking 6+ months right now
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Juan Moreno
ā¢Electronically through TurboTax. Thats why I'm worried since it should be faster.
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Drew Hathaway
ā¢That is weird then. My sisters bf filed paper in march and already got his. Maybe they flagged something for review?
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Dylan Wright
I'm in a similar situation - filed on 4/18 through TurboTax and still waiting! The "still being processed" message is so frustrating when you see others who filed later already getting their money. I've been checking my transcript weekly like some others mentioned here, and while it's still showing N/A for 2024, at least I know the return was accepted. The 12-week timeline they gave you is actually pretty standard for manual reviews. I know it's stressful when you're counting on that money, but from everything I've read here and elsewhere, as long as you're not getting error messages or letters, you should be okay. Just have to play the waiting game unfortunately. Hang in there!
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Ava Thompson
ā¢Same here! Filed 4/16 through TurboTax and still stuck in processing limbo. It's so nerve-wracking when you need that money. I've been obsessively checking WMR but it's the same useless message every time. At least we're not alone in this - seems like a lot of April filers are still waiting. Thanks for sharing your experience, makes me feel a bit better that I'm not the only one going through this stress!
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