>sink hours into doing free file via TurboTax
>get to the part where I realize I qualify for Heath Coverage Tax Credit
>NOPE YOU GOTTA PAY $35 IN ORDER TO INCLUDE THAT FORM
jesus fucking christ
How did you do your taxes this year, biz? Any suggestions for free federal & state filing? (I'm a poorfag with simple taxes)
Thanks, I found that it's 72.5% of what you paid in. For me, that's $138.50. I suppose it's worth the fucking headache of starting over on my own. But GODDAMNIT.
Do I have to fill tax even though I made like 3k which .5k went to taxes. That what I made in 2015.
They did retain money from my paycheck but I'm only in the states for like 2 months and study abround most of the year, even though there is tax return I don't think at most 150 in tax return is worth while a trip to the USA to fill taxes.
well technically yes everyone who makes money in the us is required to file a tax return. is the irs going to come after you for some failure to file fines? no. but if it were me i would consider filing a return because it takes an hour or less and $150 is worth that to me especially with the advent of the internet and such.
>I qualify for Heath Coverage Tax Credit
Did you buy health insurance through the Marketplace on HealthCare.gov? Then you have to file that form. You have to input your 1095-A information and file that form to reconcile the amounts. Or you're gonna get an IRS letter and you won't be able to buy health insurance next year. If you didn't go through the Marketplace, then you don't qualify for that credit or form. And I have a feeling you're doing shit wrong.
So, now, what state do you live in OP? Many places offer free help and you are at the income amount where you qualify. Check your state's department of revenue website, local library, or whoever they have in charge of hosting that shit.
If you only made 3k, and had federal or state withholding (your tax return doesn't care about your social security or medicare withholding), then you will get the federal and state withholding back by filling a tax return. You have 3 years to do this. If you're getting a refund, the IRS doesn't care when you file, so you have extra time to do this.
TurboTax freefile is only for EZ or A filers
How in the fuck do you spend hours filling out a 1040EZ? Honestly, most 5th graders could complete one in under 30 minutes.
Even a 1040A shouldn't take more than 45 min to an hour, tops.
I file a long form 1040 with dozens of deductions and capital gains on sale of stocks, and it takes like 60-90 minutes.
No, a single person with no kids is not entitled to take 20 allowances. If you had self employment income, why were you not making your 1040-ES payments quarterly like you were supposed to?
So this is my first year filing taxes. I don't know if this is the place to ask, but I'm nervous as fuck that I'll end up owing money.
>Income was roughly $15,600 over the 10 months I was employed in 2015
>I have 1 dependent on my tax forum (my mother with a shitload of health issues)
>I'm single, but put Head of Household on my forum because of the dependent
>Total federal income tax withheld was $23.00 (yes, twenty three. Asked the accountant, she said it was because of the dependent)
>SSI withheld was $970
>Medicare withheld $230
>State income tax was $250
>Expenses for the dependent were around $350 a month, $1325 if you include rent
Am I fucked? Will I get anything back or will I owe money?
you will get a lot of money back, probably over $1000. look for a VITA center near you. just type "VITA near me" on google, they will do your taxes free. If you don't have any in your area go to a CPA firm dont do turbotax or go to HR block. the main thing that you need to look at to see if you will get money is did your mom earn over $6,300? If she did your refund will only be a couple hundred.
I must ask however, how do you afford $1000 rent if you only make $15,600?
TaxAct, if you insist on not doing a paper form. Full service (equivalent of the Turbo Tax Ultimate) for $8 federal, $6 state. I made the switch when TT took off dividend filing from the Deluxe package and bumped it up a level.
>go to h&r cock after work
>it takes the woman 14 minutes
>federal keeps $6,888. Refunds $585
>I owe state $29
>I have to pay h&r cock $93
Must I be in the USA to fill a tax return? or can it be filled online.
I don't go back to the States 'till like late May at most and I think the date limit is 15th of April to fill them.
So what are the rules regarding obamacare? If you have insurance when you file your taxes, are you in the clear? Or do you need to have had it all of 2015 to avoid the fine?
Like lets say I get insurance tomorrow, then file my taxes next week. Am I fucked?
You have several extra months if you're an expat (you must have resided in foreign country for at least 6 months out of the calendar year of last year I think to qualify).
Fuck man, being a US expat makes filing even more complicated. The US, Philippines, and Eritrea are the only countries that tax their expats on foreign income.
What's worse is that the US makes you file at all. In most other countries, the tax agency does all the accounting and just sends you the paperwork to correct or dispute. But the big four accounting lobbies made Congress forbid that so you have to do it yourself or go to them.
Sorry, I was confused. There's a difference between the Premium Tax Credit (Form 8962) which is a popular form and what I thought you were talking about, and the Health Care Tax Credit (which is rare and being phased out).
>Many places offer free help and you are at the income amount where you qualify. Check your state's department of revenue website, local library, or whoever they have in charge of hosting that shit.
VITA is in charge of hosting the free shit.
Get ready for that sweet, sweet Earned Income Tax Credit (you'll get money back when you claim your mom and be head of household... you're good anon). You could honestly use TurboTax for your return, though, but please don't go to HR Block. They overcharge EITC returns like crazy. I've seen VITA screw up EITC returns, but I've seen people fuck up their turbotax returns, too. So, it's up to you.
File an extension, 1040-ES, just to be safe, but yeah, you got some extra time (and if you're getting a refund, the IRS really doesn't care). If you owe, you better file an extension to be safe, though listen to >>1077061.
You have to have at least 1 day of coverage in every month of the year. The penalty is broken down by month and is the greater of 2% of your taxable income or $325 (for the year... prorate by month). There are also exceptions like short coverage gap or poverty that get you out the fine, it depends.
>dont do turbotax or go to HR block
>go to a CPA firm
TurboTax = $Free to $80 depending on complexity
HR Block = $Free-500 depending on complexity
CPA = $200-1000+ depending on complexity
Yeah, that makes sense
>stimulate muh economy
Everyone one of us has to deal with this shit, every single year. It takes me 2 nights to enter all the data and pray when the govt comes calling I can plea ignorance of the law given there are tens of thousands of them.