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Respected Contributor
Posts: 2,373
Registered: ‎03-11-2010

If You Are Retired Do You Do Your Own Taxes?

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.

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Esteemed Contributor
Posts: 7,106
Registered: ‎06-25-2012

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

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.

"Pure Michigan"
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Honored Contributor
Posts: 14,111
Registered: ‎03-09-2010

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

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

 

We've already received our refunds.

You never know how strong you are until being strong is the only choice you have.
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Respected Contributor
Posts: 4,043
Registered: ‎02-02-2015

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

Do you use turbo tax?

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Esteemed Contributor
Posts: 5,799
Registered: ‎03-09-2010

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

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

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Honored Contributor
Posts: 8,412
Registered: ‎06-08-2016

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

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.

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Respected Contributor
Posts: 2,710
Registered: ‎05-09-2016

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

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

~The more someone needs to brag about how wonderful, special, successful, wealthy or important they are, the greater the likelihood that it isn't true. ~

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Respected Contributor
Posts: 2,614
Registered: ‎01-02-2015

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


@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 ....

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Respected Contributor
Posts: 4,937
Registered: ‎03-14-2010

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

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.

 

 

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Frequent Contributor
Posts: 96
Registered: ‎03-21-2010

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

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.