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Has anyone tried those online CPA matching services? I've seen ads for them but not sure if they're legit or just trying to push you to the highest bidding accountants.
I used CPAselect last year and it was hit or miss. They matched me with three accountants but only one was actually taking new clients. That said, the one I ended up with has been great. Just make sure to do your own vetting even after they match you.
Thanks for sharing your experience! I'll give it a try but will definitely interview them carefully before committing.
Just want to add - check if your prospective new CPA has experience with your specific situation (small business, investments, etc). I switched to a CPA who specializes in freelancers and she catches deductions my previous general accountant missed completely. Also ask about their preferred communication method! My old CPA was phone-only which drove me nuts, new one does email which is so much better for me.
Good point! My business involves international clients and my current CPA seems completely lost with the foreign income reporting. Need to find someone who specializes in that for sure.
Don't forget that if you claim certain credits like the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), the IRS can't issue your refund before mid-February by law, no matter how early you file. This is due to the PATH Act which helps prevent fraud.
The PATH Act requirements are still in effect for the 2025 filing season. There have been no changes to this law. If you claim EITC or ACTC, the earliest you would see your refund is around February 15th, regardless of when you file. The IRS uses this time to verify income reported on W-2s and 1099s against the credits claimed to prevent fraudulent refunds. While there are occasionally discussions about modifying these rules, no actual changes have been implemented yet.
last year i filed on feb 3 and got my refund by valentine's day. my friend waited til april and didn't get hers until june!! early bird gets the worm lol
U might b able 2 take advantage of a tax credit instead of a deduction if ur income is low. Look into the Savers Credit if u put $ into retirement or check if ur state has any low income credits. Deductions just reduce ur taxable income but credits directly reduce taxes u owe which is better!!
Has anyone considered that a dental implant might actually count as a capital improvement to your body and should be depreciated over time rather than expensed in a single year? š¤ Just kidding!! Sorry, tax humor. But on a serious note, make sure you keep ALL your receipts, including costs for traveling to and from dental appointments - mileage can add up and is deductible as a medical expense too!
PSA for all students: If your income is below $73,000, DO NOT directly go to TurboTax, H&R Block, etc. websites. Instead, access them THROUGH the IRS Free File page (https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free) if you want to use those services for free! Companies deliberately hide their free versions and use confusing language to get you to pay. There was actually a big scandal about this a few years ago. They advertise "free free free" but then charge you for state filing or when you have a 1098-T. I've used IRS Free File for 3 years as a student with W-2s, 1098-T education credits, and even some side gig income, and haven't paid a cent. Literally saved hundreds of dollars.
Does the Free File program have a mobile app or is it desktop only? My laptop died last month and I'm only using my phone right now.
Most of the Free File options are designed primarily for desktop, but several have mobile-responsive websites that work on phones. TaxSlayer and TaxAct specifically have decent mobile experiences through their Free File programs. If you're limited to just your phone, Cash App Taxes (mentioned in another comment) might be your best bet - it was literally designed as a mobile-first experience and works great on phones. It's free regardless of whether you access it through Free File or directly, and handles education credits without charging.
has anyone here used Credit Karma Tax? i heard they got bought by Cash App but still offer free filing. my roommate used it last year but he doesn't have education stuff like i do
Yes, Credit Karma Tax is now Cash App Taxes. I used it this year with a W-2, 1098-T, and even some 1099-INT from my savings account. Completely free for both federal and state, and it handled my American Opportunity Credit without any issues. The interface is pretty streamlined and worked well on both my laptop and phone.
Ava Rodriguez
Has anyone dealt with damaged tax documents due to the hurricane? My 2021 paperwork got wet in the flooding and some of it is barely readable now. Not sure how to proceed with filing when I can't clearly see all the numbers.
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Miguel Ortiz
ā¢You can request copies of your wage and income transcripts from the IRS for free. Go to IRS.gov and search for "Get Transcript Online" or call their transcript request line at 800-908-9946. This will give you all the info reported to the IRS like your W-2s and 1099s for 2021. For bank statements and other documents, contact those institutions directly for replacements.
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Zainab Khalil
Anyone know if we're eligible for any special tax benefits or deductions related to Hurricane Helene damages when filing these older returns? My 2021 taxes don't relate to the hurricane obviously but I'm filing them now while dealing with all the hurricane aftermath.
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Mei Chen
ā¢Unfortunately, you can't claim Hurricane Helene disaster losses on your 2021 return since the disaster occurred in 2024. Casualty losses must be claimed for the tax year in which they occurred. You'll need to claim Helene-related losses on your 2024 tax return (which you'll file in 2025) or potentially on an amended 2023 return if you choose to claim the loss in the immediately preceding year, which is sometimes allowed for federally declared disasters. But for your 2021 return that you're filing now, you can only claim the extension - not any hurricane-related losses.
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Zainab Khalil
ā¢Thanks for clarifying that! Makes sense that I can't claim 2024 losses on a 2021 return. I'll focus on just getting the 2021 return filed with the extension for now and deal with the hurricane losses on my 2024 taxes next year.
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