topic Re: If You Are Retired Do You Do Your Own Taxes? in Community Chat

If You Are Retired Do You Do Your Own Taxes?

cuddlesmama — Wed, 27 Feb 2019 11:14:57 GMT

Or do you have someone else do it. I am hearing once retired the taxes are harder to do. We, both retired last year and I always did Turbo Tax and am now wondering if I should have someone else do it. Any opinions would be helpful. Thanks.

Re: If You Are Retired Do You Do Your Own Taxes?

ID2 — Wed, 27 Feb 2019 11:17:56 GMT

Retired here and yes we do our own taxes. They were even easier to do this time! Done in a flash, submitted last week, looking for our $$ in our account any day now.

Re: If You Are Retired Do You Do Your Own Taxes?

KingstonsMom — Wed, 27 Feb 2019 11:21:00 GMT

We're both retired and we continue to do our taxes ourselves.

We've already received our refunds.

Re: If You Are Retired Do You Do Your Own Taxes?

Snoopp — Wed, 27 Feb 2019 11:53:58 GMT

Do you use turbo tax?

Re: If You Are Retired Do You Do Your Own Taxes?

CalminHeart — Wed, 27 Feb 2019 11:57:16 GMT

I find my taxes are easier to do now that I'm retired. I use turbotax.

Re: If You Are Retired Do You Do Your Own Taxes?

software — Wed, 27 Feb 2019 11:57:38 GMT

Besides the obvious, how would anyone here know if you need a professional??

I have nothing complicated to my tax return, no stocks, bonds, capital gains, etc.

The standard deduction doubled in 2018 for me so I don't even need to itemize.

I use an online program, been using it for years with no problems, knock wood.

If you are getting income from an IRA or have questions related to that, talk to the people holding the investment.

Let me ask you a question. What is harder about doing taxes when retired?

Maybe I'm missing out.

Re: If You Are Retired Do You Do Your Own Taxes?

FrostyBabe1 — Wed, 27 Feb 2019 12:06:18 GMT

No. I still use a CPA for my returns. Why would being retired make them any easier or less complicated?

Re: If You Are Retired Do You Do Your Own Taxes?

Big Joanie — Wed, 27 Feb 2019 12:08:41 GMT

@cuddlesmama wrote:
Or do you have someone else do it. I am hearing once retired the taxes are harder to do. We, both retired last year and I always did Turbo Tax and am now wondering if I should have someone else do it. Any opinions would be helpful. Thanks.

I have a friend that is a retired IRS Agent .. and she says .. yes .. use Turbo Tax..

she thinks its great and uses it herself ....

Re: If You Are Retired Do You Do Your Own Taxes?

drizzellla — Wed, 27 Feb 2019 12:08:54 GMT

Yes, both my husband and I are retired. And my husband finished doing our taxes last week. He also used Turbo Tax. In fact he has used Turbo Tax for many years.

Re: If You Are Retired Do You Do Your Own Taxes?

DianeFL — Wed, 27 Feb 2019 12:10:25 GMT

My husband and I are both retired and he filed our taxes using

Turbo tax and we have already received our refund. It took him

about 2 1/2 hours because he said he was having trouble getting

some of the information to load. Maybe a glitch either in our computer or Turbo tax form but he did get it finished.

Re: If You Are Retired Do You Do Your Own Taxes?

itsmagic — Wed, 27 Feb 2019 12:11:00 GMT

We are retired and I do our taxes using TurboTax. Our taxes are less complicated now that we are retired but it depends on everyone’s individual situation.

Re: If You Are Retired Do You Do Your Own Taxes?

Somertime — Wed, 27 Feb 2019 12:14:34 GMT

Continue to use Turbo Tax! No, it is not any more complicated with retirement. I have used Turbo Tax for the past 15 years and have been retired for 6 years. Why change now!

Re: If You Are Retired Do You Do Your Own Taxes?

Mombo1 — Wed, 27 Feb 2019 12:28:41 GMT

I have been going to my local senior center since I retired to have my taxes done. If you are an AARP member, they provide volunteer tax preparers at no cost. They do a good job. I could probably do them myself, but I would rather have someone who is experienced and aware of any changes in the tax law to handle them for me.

Re: If You Are Retired Do You Do Your Own Taxes?

bonnielu — Wed, 27 Feb 2019 12:33:27 GMT

Have CPA doing our taxes. I would rather pay him to do it right than do it myself. The mistakes I would make would cost more than his fee. That is how I feel. Gives me a peace of mind. Every year we get a large refund, state and Federal.

Re: If You Are Retired Do You Do Your Own Taxes?

StylishLady — Wed, 27 Feb 2019 12:36:53 GMT

DH does ours. He was H & R Dad for years too.

Re: If You Are Retired Do You Do Your Own Taxes?

Slainte — Wed, 27 Feb 2019 12:45:38 GMT

You do not need to be a member of AARP to get your taxes done for free. If you are 50 + and low to moderate income and have simple taxes, no rental incomes or complicated forms, you can participate in the AARP Tax Aide program.

https://www.aarp.org/money/taxes/info-2004/about_aarp_taxaide.html

The AARP uses Tax Slayer software and the returns are double checked by two of the trained volunteer preparers.

Re: If You Are Retired Do You Do Your Own Taxes?

50Mickey — Wed, 27 Feb 2019 12:49:26 GMT

I have. done my taxes for 45 years. Until last year I did the old way of pen and paper returns. But last year I switched to Turbo. You rally can't make a mistake if you answer all of the questions and provide all income and expenses. it you do make a mistake it will reject the return and send you a text to let you know where the mistake is. Our taxes are very simple to do. We take the standard deduction so no need to keep receipts. If you are getting a refund it will appear in your bank in a week or so.

Re: If You Are Retired Do You Do Your Own Taxes?

SilleeMee — Wed, 27 Feb 2019 13:25:54 GMT

Yes, I have always done my own taxes. I did my first filing when I was 15yo.

Re: If You Are Retired Do You Do Your Own Taxes?

Nuttmeg — Wed, 27 Feb 2019 13:45:44 GMT

I have always done my taxes. If you have all your supporting items together, during taxes is not difficult. I used tax software for a least 26 years.

The software has help, and the IRS has online publications.

Re: If You Are Retired Do You Do Your Own Taxes?

Eileen in Virginia — Wed, 27 Feb 2019 13:46:16 GMT

We’re both retired and DH does our taxes with TurboTax. We’ve already received our refund. 😊