Member
| quote: Originally posted by henryaz:
A good safety precaution for the federal is to get the IRS to issue you a filing PIN.
Been many years since the IRS issued me a filing PIN. The online filing services ask me to chose my own 5-digit PIN to use with the IRS and I've never had a problem with that. Another safety precaution is to file early and not wait until April 15 or late in the filing season to file. Reason is that those who steal identities for tax refund reasons, tend to file early in hopes the real person hasn't already filed. Seems unlikely to happen and not the main reason I file early but may be a consideration for some I guess. |
| | | Posts: 4871 | Location: Bathing in the stream of consciousness ~~~ | Registered: July 06, 2008 | 
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| Thanks everyone!! I used FreeTaxUSA (thanks Hobbs) and filed this morning. Bonus...the online process found a $200 tax credit for my Roth IRA contributions for 2019. I totally missed that when I was filling out my 1040 on my own. So in essence, I'm getting a $200 larger refund because of that. Blessings all around!! I'll probably send that $200 windfall to President Trump... KAG 2020!
"If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne
"Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24 |
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Nosce te ipsum
| quote: Originally posted by erj_pilot:
Bonus...the online process found a $200 tax credit for my Roth IRA contributions for 2019.
As far as I know, the IRA deduction on Schedule 1, Additional Income and Adjustments to Income, Line 19, applies only to Traditional (pre-tax) IRAs. |
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Member
| quote: Originally posted by Woodman:
As far as I know, the IRA deduction on Schedule 1, Additional Income and Adjustments to Income, Line 19, applies only to Traditional (pre-tax) IRAs.
The instructions guided me through all my Retirement contributions and specifically broke out Traditional IRA (of which I have none...have 401k through my company) and Roth IRA, which I pretty much max out every year. So based on what I entered, it granted the $200 credit. And this was Form 8880, which then generates Schedule 3. My 2019 income was low enough to utilize Form 8880...
"If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne
"Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24 |
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Nosce te ipsum
| quote: Form 8880
Thanks for the tip! I read about Form 8880 today while perusing Publication 560. And just now plugged in the numbers. Whether or not I max out my ROTH, generating a credit by using Form 8880 lowers my amount due. Wow, all these years ... Duh! |
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| tax act dot com for 15+ years. Each year the interface seems to improve some. state filing is also free. |
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