Excelsior! Academy Posted February 3, 2013 Share Posted February 3, 2013 We used TurboTax again this year and found it went much quicker than years past. This year from start to finish, including stopping to locate some online info that had not mailed yet, it was less than two hours. More like 1 and 1/2 hours. It seemed so fast! Some years we are up until 2am. Granted we wait until the kids are in bed to start, but 2am is brutal when you are talking taxes. How long did it take you this year? Quote Link to comment Share on other sites More sharing options...
AndyJoy Posted February 3, 2013 Share Posted February 3, 2013 Our taxes are easy. One income, we're renters (no itemizing), student loan interest, 1 dependent and that's it! I think it took me 30 minutes max on TurboTax. Quote Link to comment Share on other sites More sharing options...
Element Posted February 3, 2013 Share Posted February 3, 2013 I love Turbo Tax! Ours took about an hour and a half for both federal and state. Quote Link to comment Share on other sites More sharing options...
TGHEALTHYMOM Posted February 3, 2013 Share Posted February 3, 2013 Not as long as in the past. I paid to save everything from last year. I am doing itemized deductions again and would be done if dh had a few more documents. I refuse to finish until they are in my hands. Quote Link to comment Share on other sites More sharing options...
milovany Posted February 3, 2013 Share Posted February 3, 2013 TurboTax is expensive! Y'all should take a look at TaxAct. I used to use TT and switched several years ago. Works great and is a lot less expensive. I'll pay about $10-$15 or so for our taxes, which include self-employment income and a rental ("Home and Business" with TT -- $79!). My taxes would take me a couple of hours if I waited until I had everything in hand to do them. But I get impatient and start guessing and inputting things before I have the final figures because I want to see what my refund will be. So the backtracking and redoing makes it more like 3-4 hours. Quote Link to comment Share on other sites More sharing options...
raceNzanesmom Posted February 3, 2013 Share Posted February 3, 2013 I use Taxact with a business. It takes under two hours. I keep everything written down throughout the year, so I just imput the numbers and hit submit. Quote Link to comment Share on other sites More sharing options...
VeganCupcake Posted February 3, 2013 Share Posted February 3, 2013 I was surprised at how fast it went, too. I had to enter a bunch of stuff from scratch because I couldn't find the file from last year. I was done in about an hour and a half and I keep thinking I must have missed something huuuuuuge because it seemed so much faster and easier this year! Quote Link to comment Share on other sites More sharing options...
Joker Posted February 3, 2013 Share Posted February 3, 2013 I use H&R Block. They import most of my information year to year, I pay $20, and I'm done in under 30 minutes. We have one income, home and student loan interest, and I have oil & gas royalties. I've been doing it this way since around 2008 and it's quick and painless. Quote Link to comment Share on other sites More sharing options...
Dana Posted February 3, 2013 Share Posted February 3, 2013 About an hour tonight....after about an hour or so earlier doing it by hand. :rolleyes: Some of us control freaks have to double check everything. Quote Link to comment Share on other sites More sharing options...
DianeW88 Posted February 3, 2013 Share Posted February 3, 2013 With Turbo Tax, probably 30 minutes. We didn't have to enter everything from scratch, because it was imported from last year's tax forms, so it was easy peasy. Quote Link to comment Share on other sites More sharing options...
Bear23 Posted February 3, 2013 Share Posted February 3, 2013 We got ours done in two days. One day to fill in all the spaces and second day to double check it to make sure it all good to go. Quote Link to comment Share on other sites More sharing options...
Arcadia Posted February 3, 2013 Share Posted February 3, 2013 Turbo Tax was much faster this year than previous years for us in terms of keying in. Less waiting time between screens. I have misplaced my donations receipts so I have to hunt those down since we do itemized deductions. Quote Link to comment Share on other sites More sharing options...
Lady Florida. Posted February 3, 2013 Share Posted February 3, 2013 It took me about an hour an a half with Turbo Tax, but only because I had to hunt for some paperwork that I thought dh already had put in the folder. The TT version I use is only $20, but Florida doesn't have a state income tax so I only have to buy the federal version. Quote Link to comment Share on other sites More sharing options...
SFM Posted February 3, 2013 Share Posted February 3, 2013 We use Tax Slayer for free because my husband is an active military member, it takes all of 15 minutes...no biggie. Quote Link to comment Share on other sites More sharing options...
KRG Posted February 3, 2013 Share Posted February 3, 2013 I used TaxAct and it took about 15-20 minutes. Quote Link to comment Share on other sites More sharing options...
Laura Corin Posted February 3, 2013 Share Posted February 3, 2013 About 20 minutes for me - UK taxes alone. Husband used an accountant, as he needs to file in the UK and the US, which have different tax years. He's planning on doing them himself next year. We shall see.... Laura Quote Link to comment Share on other sites More sharing options...
mytwomonkeys Posted February 3, 2013 Share Posted February 3, 2013 it was probably an hour total. no state taxes this year, now that we are in FL, which made it extra easy. we filed a 1040A with turbo tax & it was $29.99. it's very affordable & worth it to me (since i do our taxes). we've used turbo tax for years. love it. Quote Link to comment Share on other sites More sharing options...
TravelingChris Posted February 3, 2013 Share Posted February 3, 2013 It is going to take some time this year, which is why I haven't done much yet. (OUr return can't be accepted until mid Feb anyway). We do do itemized deductions and I only realized after the fact that we can, for the first time ever, deduct medical expenses since our costs were so high this year. Normally, we can't since our costs were always much less than the threshhold. But this year, between paying insurance premiums for our son, dental costs, lots of eyeglasses, 1000 catastrophic cost that we did pay, and all the travel costs, we will have enough. Considering our medical is almost all paid for by the fed govt- 1K catastrophic per year, that we have okay dental costs, and that my son's insurance only cost 189 a month for a few months, the big cost is really the travel costs. We deduct about 1.25 for each visit to a pharmacy, unless the pharmacy is far away. Doctors are more, but the big travel costs are our trips to the Mayo Clinic in Jacksonville, and later to Vanderbilt. That will take some time to gather. Plus, I want to make sure we deduct every charitable contribution we made and that takes some time too. Quote Link to comment Share on other sites More sharing options...
PuddleJumper1 Posted February 3, 2013 Share Posted February 3, 2013 Maybe 1/2 hour. H&R Block, one income, standard deductions. We're pretty basic around here :) The IRS process is MUCH faster this year as well. We filed on the 27th, accepted on the 30th, return in our account this Thursday. Never had that happen before. Quote Link to comment Share on other sites More sharing options...
mrseshaw Posted February 3, 2013 Share Posted February 3, 2013 10 hours, but that included calculating 1400 driven miles to doctors appointments and 11k in medical bill receipts. Glad to be done!! Quote Link to comment Share on other sites More sharing options...
Kathryn Posted February 3, 2013 Share Posted February 3, 2013 H&R Block free file online. With child interruptions and going to find things, it took one hour. Quote Link to comment Share on other sites More sharing options...
Desert Rat Posted February 3, 2013 Share Posted February 3, 2013 About 90 minutes with TaxAct. I paid around $40 (I got the audit shield). I had the program run an itemized list but ended up just having a standard deduction. We did find out that we paid 1/8th of our income on health expenses. I could have lived without knowing that! We're getting a refund and I felt it was a very high number which is why I got the audit protection. But, I ran all the checks and there were no flags or warnings, so..... It would have taking 45 minutes if I hadn't tried the itemized. :) Quote Link to comment Share on other sites More sharing options...
Crimson Wife Posted February 3, 2013 Share Posted February 3, 2013 Ours are complicated, though at least this year we're not dealing with multiple states as some years in the past. Some of it was a waste of time :glare: because DH wanted me to put in all the medical costs even though I told him that we weren't going to have enough to deduct them given that we couldn't include his share of the monthly premiums. Quote Link to comment Share on other sites More sharing options...
Parrothead Posted February 3, 2013 Share Posted February 3, 2013 Probably20 minutes. Turbo Tax has our info saved and nothing changed except the numbers on the W-2. All I had to do was plug those in and voila! Done with taxes. (sorry about the typo. I don't know how to put the accent mark over the a) Quote Link to comment Share on other sites More sharing options...
Excelsior! Academy Posted February 3, 2013 Author Share Posted February 3, 2013 I am impressed that so many went so quickly! We will have to look into TaxAct. We do itemize. Fortunately my dad is a retired CPA so I call him with any questions and feel more confident if we are ever audited. TurboTax cost us around $65 for state and federal. Quote Link to comment Share on other sites More sharing options...
QueenCat Posted February 3, 2013 Share Posted February 3, 2013 Less than hour, including putting the paperwork in the order I'd need it to be in.... We itemize but it's really not too bad. We've used H&R's software for years. Quote Link to comment Share on other sites More sharing options...
nono Posted February 3, 2013 Share Posted February 3, 2013 I have no idea. I do ours in the summer when I have more time. :) Quote Link to comment Share on other sites More sharing options...
AlmiraGulch Posted February 3, 2013 Share Posted February 3, 2013 It took me FOREVER this year! Like 4 or 5 hours. I used TurboTax, like I always do, but I had to add in all of my DH's stuff because I got married in 2012. In addition to his "real" job he's also a professional musician, so he had about a billion deductions. Then we "argued" over things that he said he could deduct that I said no way, even though his accountant he had do his taxes previously has always deducted them. (P.S. I'm definitely right about not being able to deduct some of the things his accountant always has, and I hope for DH's sake he doesn't get audited). Anyway, I did the taxes as married filing jointly and married filing separately, just because I was not going to sign my name to a tax return that had deductions on it that I know are not legally deductible. We ended up doing it my way, but he's still shell-shocked over how much money it cost us to get married. He should have listened to me when I told him we'd be better off financially just shacking up for the rest of our lives!!! :w00t: Quote Link to comment Share on other sites More sharing options...
MomtoCandJ Posted February 3, 2013 Share Posted February 3, 2013 Maybe 15 minutes with tax slayer. We free file with them for the last 7 years, everything transfers over. My mom's was maybe 30 minutes and my middle brother's was about 15. Can't do youngest until the 15th due to the college stuff Quote Link to comment Share on other sites More sharing options...
Robin M Posted February 3, 2013 Share Posted February 3, 2013 I use Turbo Tax since we have a small business and have to do schedule C, investments, medical and all that jazz. It usually takes me a full weekend going through paperwork, collecting everything I need, then entering all the information. I usually go over it two or three times to make sure didn't miss anything. Quote Link to comment Share on other sites More sharing options...
NotSoObvious Posted February 3, 2013 Share Posted February 3, 2013 Taxes? What month is it?? We are still waiting for one more form, then my hubby will take everything to the accountant. We have a rental property in another state and have been dealing with the adoption tax credit for the last several years. We haven't done our own taxes since before our adoption. It's just not worth it for us. Quote Link to comment Share on other sites More sharing options...
Mommee & Baba Posted February 3, 2013 Share Posted February 3, 2013 TurboTax is expensive! Y'all should take a look at TaxAct. I used to use TT and switched several years ago. Works great and is a lot less expensive. I'll pay about $10-$15 or so for our taxes, which include self-employment income and a rental ("Home and Business" with TT -- $79!). My taxes would take me a couple of hours if I waited until I had everything in hand to do them. But I get impatient and start guessing and inputting things before I have the final figures because I want to see what my refund will be. So the backtracking and redoing makes it more like 3-4 hours. Turbo tax for us is free. We have no state tax. Ours took an hour and half. :) Quote Link to comment Share on other sites More sharing options...
Mom in High Heels Posted February 3, 2013 Share Posted February 3, 2013 I did ours tonight in about 30 minutes. I use Tax Act and all our info from last year gets imported and all I had to do was punch in the numbers, review it and poof! done. Now, if we can just get our refund back quickly. Quote Link to comment Share on other sites More sharing options...
Amy in NH Posted February 3, 2013 Share Posted February 3, 2013 I free filed using Tax Act. It took about 1/2 hour. Quote Link to comment Share on other sites More sharing options...
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