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Anyone use those NFC tags for tracking? I just started using them to track my mileage (tap when I start a business trip, tap when I end) and it's been a game changer. Wondering if there's a good system using those for receipt tracking too?
I use NFC tags with Tasker on Android and it's amazing for mileage! Haven't figured out a good system for receipts with it though. I did set up a shortcut where tapping a tag in my office automatically opens my receipt scanning app, which helps me remember to scan them when I get home.
That's a clever idea with the shortcut to open the scanning app! I might try setting up something similar. Been trying to build better habits around this stuff since I got hit with an audit last year and realized how disorganized my records were. The IRS agent actually laughed when I dumped my shoebox of receipts on the table. Never again!
I feel your pain! I went through the exact same struggle when my freelance writing business started taking off. The shoebox method is a nightmare and you're definitely leaving money on the table with missed deductions. Here's what finally worked for me: I use a simple "receipt immediately" rule - as soon as I get a receipt, I either snap a photo with my phone or stuff it in my wallet, then deal with it that same evening. No exceptions. I have a dedicated folder on my phone called "Business Receipts" and use the built-in document scanner on my iPhone. For tracking, I keep a simple Google Sheet with columns for Date, Vendor, Amount, Category, and Description. Takes maybe 2 minutes per receipt. The key is doing it RIGHT AWAY, not letting it pile up. Also, don't forget about mileage! Get an app like Stride or just use your phone's built-in location tracking. I was missing out on hundreds of dollars in mileage deductions before I started tracking properly. For your current shoebox situation - set aside one weekend, grab some coffee, put on a good playlist, and just power through it. Sort by date first, then category. It's painful but you'll feel so much better once it's done!
If you're waiting for your Cash App refund, check that you dont have a negative balance already! My friend had his refund come in but he already had -$83 on his account from an overdraft so that got taken out first. just fyi!
I'm also using Cash App with a DDD of 2/20 and mine just hit this morning around 7am! So yours should be coming any time now. Cash App has been pretty consistent for me - usually 1-2 days before the official date. The key is making sure your account is fully verified like others mentioned. I'd keep checking throughout today and tomorrow. The IRS sends refunds in batches so even people with the same DDD might get theirs at slightly different times. Hope yours comes through soon - I know how stressful it is waiting when you need the money for bills!
Something nobody mentioned yet - if you're claimed as a dependent on someone else's return (like if you're a student and your parents claim you), your standard deduction is much lower. I learned this the hard way when I got my first job in college and was surprised at my tax bill.
What's the standard deduction amount if you're claimed as a dependent? My daughter just started working part-time but we still claim her on our taxes.
For 2024 (filing in 2025), if someone is claimed as a dependent, their standard deduction is limited to either $1,300 or their earned income plus $400, whichever is greater - but never more than the regular standard deduction amount for their filing status. So if your daughter earns $4,000 from her part-time job, her standard deduction would be $4,400 ($4,000 + $400). It gets a bit complicated, but basically she'll need to file her own return if she earned more than $1,300.
Just a heads up for seniors - if you're 65 or older there's an additional standard deduction amount you can claim! My mom didn't know this and had been missing out for years.
For 2024 tax year, seniors 65 or older get an additional $1,550 if single or head of household, or $1,250 each if married. So your dad would get the regular standard deduction plus the extra $1,550 (if single) or $1,250 (if married filing jointly). If he's also blind, there's another additional amount of the same size! Definitely worth making sure he claims this - it can save several hundred dollars in taxes.
2 Has anybody used Drake Tax for this kind of situation? My accountant uses it and claims it's the best for complex investment scenarios, but I'm wondering if it's worth switching to them from my current guy who uses Lacerte.
8 I'm a tax preparer who's used both. Drake is good but Lacerte is generally better for complex investment scenarios. Drake has a steeper learning curve for investment transactions but is cheaper for professionals. The real question isn't the software though - it's whether your tax preparer truly understands trading and wash sales. Many don't, regardless of the software they use. Ask them specifically how they handle Form 6781 and cross-brokerage wash sales. If they hesitate, find someone else.
For high-volume traders like yourself, I'd strongly recommend considering FreeTaxUSA Deluxe. I know it doesn't get mentioned as much as the big names, but it handles complex investment scenarios surprisingly well for the price point. What sets it apart is that it properly imports broker data while preserving transaction details that other software often strips out. The wash sale calculations work across multiple brokerages, and it handles Form 8949 entries efficiently even with thousands of transactions. The real advantage is in the user interface - when you need to review or adjust imported data (which you will with that volume), FreeTaxUSA makes it much easier to navigate and edit individual transactions compared to TurboTax or H&R Block. For Form 6781 straddle reporting, it provides clear guidance and proper categorization. At $15 for the Deluxe version, it's worth trying as a backup option even if you go with something else as your primary software. You can import your data and see how it handles everything before committing to file with it.
Amara Adebayo
I know several ppl have already mentioned this, but I have to second using claimyr.com to get through. I used it twice this year, once for verification and once for an amended return. Got a live agent both times without sitting on hold all day. Changed my whole tax season experience.
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Giovanni Rossi
ā¢another day, another company promising to fix the unfixable tax system lol
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Amara Adebayo
ā¢It doesn't fix the system but it does get you to an actual human when you need one. I was skeptical too but talking to an agent got my refund released within days after being stuck for almost 2 months.
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Amina Sy
I'm in almost the exact same situation! Filed 2/12, did online verification last Friday, and my transcript is still completely blank too. Reading through all these responses is actually really reassuring - sounds like we just need to be patient for another week or two. The hardest part is not knowing if the verification actually worked, but it seems like most people who completed it online successfully just had to wait it out. Thanks for posting this question, it's helping me stress less about my own situation!
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