Win $100! What do you wish you'd known the 1st time you filed taxes?

Forum|Forum|4 years ago
February 8, 2022
109 replies
0 views

This sweepstakes has ended

Thank you so much to everyone that participated! It was so great to hear about all of your experiences. A winner was randomly selected and has been contacted to claim their prize.

++++++++++++++++++

Hello community members!

For first-time visitors, welcome to the TurboTax + Mint Community. For returning members, welcome back! We’re so glad to "see" you again!

As we gain life experience, our perspective on finances and taxes changes. We spend a lot of our young adult life trying to get this thing called taxes right. Sometimes life throws us curveballs, and finances can get a little hectic. Eventually, we realize it’s not the end of the world. As we learn more about managing finances, it gets easier to handle the challenges.

Now that you’re a tax filing "pro," what is something that you wish you would have known the first time you filed your taxes? For this month's sweepstakes, we are going to focus on tips that you wish you knew before starting your tax journey.

Sharing your opinions with our community could earn you a gift card to help you achieve your financial goals. To enter simply reply to this thread with your most helpful tax filing tips. On March 16th, 2022, a winner will be selected from this thread at random.

+++++++++

We will be hosting the What You Wish You Knew About Taxes 2022 Sweepstakes to give you, and others, the opportunity to share your tips. One lucky winner will be chosen at random to receive a $100 gift card.

WHAT: Sweepstakes for a $100 gift card
WHEN: Entries will be accepted from March 1st, 2022 through March 16th, 2022 at 12:00pm Pacific Time
HOW: Enter by adding a comment to this post telling us what you wish you knew about taxes when you first filed. If you are the winner, we will send you a private message. The winner will be selected at random on March 16th, 2022.

Refer to the attached document for the complete rules.

Sweepstakes---Rules---March-2022.pdf

Community Chatter

Show previous replies

lindafriend2018

I wish I would have known that if I paid the amount they were asking for, I will get more back. And also my husband and I didn't really know what we were doing and we filed as married but doing it separately because we both were not there at the same time and it cut our refund from like $2,000 just for me to $500. And he went from $4,000 to $500 also.... lol

layth_numan

I wish I knew how was the rest CTC advanced payment be calculated when getting tax return

hirenjb

I wish I knew how was the business deduction and home purchase calculated when getting tax return.

Dena Padgett

I wish I would have known that when you get married they deduct less money from your paycheck. We had to pay 800.00 . That's when I learned you can have extra money taken out so you don't end up in debt to the IRS

Krneki20

I wish I had know if there is crypto currency payment method when I file my tax. TurboTax is the best site for filing your tax @Raph @Dena Padgett @lindafriend2018 @layth_numan @hirenjb

JWJW

It was my first time using TurboTax, and I wish I knew it is much faster to e-file than to paper-file. TurboTax is really great for e-filing, and I will use it forever from now on!

hasan082245joann1

I wish I knew

https://www.troweprice.com/personal-investing/resources/planning/tax/fund-specific/reporting-for-foreign-taxes-paid.html

Foreign Tax Credit

If you wish to take a credit, you may use the simplified or standard method. You may use the simplified method if:

Your share of creditable foreign taxes from all sources is $300 or less (or $600 or less and you file a joint return with your spouse), and
All such income is passive. (All ordinary income from T. Rowe Price funds is passive.)

3gt2bez7

I wish I knew that the death benefit one receives can't be claimed on the deceased final taxes for the year of death. It is reported on the receivers taxes or the estate.