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Raph
February 8, 2022

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

  • 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.

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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.
 
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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.

109 replies

March 5, 2022

I wish i would have known i could efile instead of doing mine by paper. omg it was horrid

March 5, 2022

I wish I would have known about this the first time I tried to file my taxes. Well, guess it's a good thing I didn't finalize it this year!

March 5, 2022

🍀I wish I had known all about the different tax deductions. I didnt know diddly squat about taxes. It was very shameful. I am still learning the different lingo of the whole tax gimmick. 

Johnny Deep😎

March 5, 2022

Back then we had EZ and short forms but then got to itemize.  I wish I would have known about all the little things that are allowable to itemize, and kept track throughout the year and not trying to recreate at tax season.  By keeping records as you go, you can bring down your monthly totals.  For instance right now I keep track of gas (keeping all receipts) as we have been able to take a credit if over a certain amount.  Not much but it could be an extra $20 coming back.  I've gotten used to now keeping that as well as medical costs in the unlikely event we have a major catastrophe and are able to itemize our medicals (had this happen in tax year 2015).  Much better return than taking the standard.

March 5, 2022

It’s so fast easy & I love it. And it doesn’t charge you… & the questions are so easy. 

March 5, 2022

I wish I had known how much money I could get back just by filing deductions.

March 5, 2022

A long time ago I wish I had known there would be personal computers and Turbo Tax because, even with an accounting degree it was very hard to do your own stocks.   I would have bought Intuit stock.

March 5, 2022

I wish that I would have listened to all of my friends and Family when they told me that I should not do my taxes on my own. Especially considering its my very first time and I dont know one single thing about them. I am a beginner. They told me If o chose to do it Online I should pay whatever I had to pay, so that I could choose a Good Tax Company and have the Option to have a tax expert assist me through the process. Each and every step of the way.  And all the other resources that would come with what I was paying for,  ( I was being stubborn, trying to find the cheapest way out!) I know that a few Tax Company's allow you to have an option online when your filing yourself, they will go over it. review your return thoroughly and make sure you have made no mistakes. WELL, I didn't choose to pay out a couple hundred to have it professionally done in office or heck, I didnt even choose to pay $86 bucks to have a Tax Expert assist me through the steps while filing online, or for an Expert to check over my return to make sure I didnt miss anything or make any mistakes. I chose to pay $25, and it would be taken out my Refund Amount. At first, I thought everything went fine. but a couple days passed by and i decided to look over what all I put down. and boy oh boy. I messed up several things, now not even sure if l get a r

  • refund. Somehow I put ZERO for my Income Earned. That was a huge mistake.... And a couple more errors. I just wanted to hurry and get it done and filed so I can get my Return Money. Hahahha. Well, the jokes on me. I wish I would have took my time when filing and had someone that knew more about taxes help me. and go over it for me.... But I REALLY wish I would have sucked it up and paid out whatever needed to be paid to have a Tax Expert do my Taxes for me. That was my biggest mistake. Ill never do it on my own again. But this was my first time ever filing taxes. So, I learned a good lesson. and it may have cost me a good amount. and the site I filed with, it has no resources. nothing. no updates. no customer service to communicate with over email or chat. just phone and cant get anyone to pick up. A good E-filing tax service would have noticed my errors and corrected them. But nope, not this one. So Ill never use them again. I wish I knew all this before choosing to go with them and filing myself online. I wouldnt have. I will for SURE be using TurboTax from now on. Ive recently read nothing but GREAT reviews. Cant wait to file next time with Turbo tax. But like I said before I am new to taxes and you have to make mistakes sometimes to learn a valuable lesson. PAY whatever you have to pay, as long as you have a Tax Expert helping you, You CANT go wrong. 
March 6, 2022

The first time I filed taxes I wish I had know the right way to fill out my W- 4 form so that I had enough taxes taken out of my check to cover my tax liability and would still get a refund. 

March 6, 2022

Been using Turbo Tax for years now, it walks you through everything, really nice!