Comments on: College Money Tip #6: Do Your Own Taxes

By: Cris

Cris — Tue, 07 Feb 2012 00:05:16 +0000

Had a problem with Turbo Tax a few years ago. A persistant flag came up, and would not go away. I ended up inputting some wrong info in trying to make it go away. Then I had to pay to have a live tax preparer in my neighborhood send in a corrected tax form. I could not get any response from Turbo Tax to clarify the situation. Turbo Tax was not standing behind their product. So I paid $40. to correct an $8. error on top of the charge by Turbo Tax.

By: Switch to Riches» The 50 Best Money Tips for College Grads

Switch to Riches» The 50 Best Money Tips for College Grads — Sat, 04 Apr 2009 20:56:53 +0000

[...] 28. Learn ‘new’ traditional skills 29. Learn the power of compounded interest 30. Do your own taxes 31. Keep your eye on home prices and interest rates, even if you are not planning on buying yet. [...]

By: Stephanie

Stephanie — Sun, 08 Feb 2009 23:11:13 +0000

@Jolene: the Tax Freedom site still lists the state fee as $9.95 and Michigan as one of the free states. I’ll have to look into this more – has anyone else had a similar experience?

By: Jolene

Jolene — Sun, 08 Feb 2009 19:37:00 +0000

TurboTax cost update: I did mine with TurboTax this year, and the federal return filed for free, but the state one was $19.95 (you have it listed as $9.95 here, or free in some states, including MI. I live in MI, and it wasn’t free. )

By: Don't Mess With Taxes

Don't Mess With Taxes — Mon, 02 Feb 2009 20:24:27 +0000

Tax Carnival #47: Groundhog Day…

How serendipitous that the first Tax Carnival of February 2009 falls on Groundhog Day. This annual event that, according to legend, tells us how much longer we’ll have to deal with winter weather has some natural connections to taxes. First, every tax…

By: ESH

ESH — Fri, 30 Jan 2009 20:50:16 +0000

This was probably the hardest thing I thought u would have to do when going away to college – but they have tons of programs out there that aren’t that expensive that can basically do all the work for you, and the TurboTax you mentioned is exactly what I used, ended up being a breeze

By: Weekly Roundup: Chinese New Year Edition — Broke Grad Student

Weekly Roundup: Chinese New Year Edition — Broke Grad Student — Mon, 26 Jan 2009 05:58:40 +0000

[...] College Money Tip #6: Do Your Own Taxes at Poorer Than You [...]

By: Broke Grad Student

Broke Grad Student — Mon, 26 Jan 2009 04:46:12 +0000

This is the one thing I never took responsibility for during college and grad school, but it’s gonna change this year.

By: Ray finnert

Ray finnert — Sat, 24 Jan 2009 19:15:35 +0000

Yeah, it is important to start doing your own taxes right from college. Yeah, I know it is tempting to let mum or dad go through the hassle.
But hey, if you do not start doing your own taxes, how on earth would you ever learn about money, value of money and more importantly, how to clean up after yourself? I totally agree with you and that you should start doing your own taxes from 17 onwards. Real life is not about your parents doing all the hard work and you living it out like a king in your parents house. Doing your own taxes is a great way to start making some decisions on your own. Yeah, I know that it will be a bit overwhelming at the first go, but give it a shot and believe me, after a few mistakes, you would be able to handle the whole thing all on your own.

By: Saver Queen

Saver Queen — Sat, 24 Jan 2009 15:52:33 +0000

If you’re on campus, you might be able to find some free help!

If you do your own taxes, remember everything you can claim – textbooks, rent, equipment/research costs, interest from your student loan, tuition fees – and, if you move out of town to go to school, you can claim all your moving costs!

Now, if only there was a tax refund for beer…