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Joined: Apr 2001
Posts: 1,228
Hard-core CEG\'er
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OP
Hard-core CEG\'er
Joined: Apr 2001
Posts: 1,228 |
Read this before you file your taxes. I think I have discovered an error within Turbo Tax that could cost you thousands. This is a copy/paste of an email I just got done sending to my Battallion SGM: According to this link: http://waysandmeans.house.gov/media/pdf/taxdocs/hr1308confrpt.pdfPresident Bush signed a law last October that allows soldiers from a combat zone to count their tax-free pay as taxable income for the refundable portion of the Child Tax Credit and the Earned Income Credit. While doing my taxes with Turbo Tax, it appears that TT does not know about this, and shows my taxable income as $0 because of all my deductions, and is not allowing me to show my Iraq income as taxable for the purposes of the CTC and EIC. For the CTC alone, this would have cost me ~$3500 on my return (in refund, I have 4 kids)! I have a support ticket in with Intuit (the makers of TT), and will hopefully have an update soon. For soldiers who have children (and even some without) who are trying to file their taxes early, they need to know about this new law and make sure that they are getting the proper refundable portion. I do not yet know how much this has affected the EIC, so the damage could even be worse. Please try to get the word out to soldiers about this. Remember: I'm still trying to confirm the problem with Intuit. SSG ORVAL W STUCKEMEYER
95 Contour SE ATX V6- SOLD
2001.5 VW Passat GLX V6 Tiptronic
2004 Honda VTX 1800N1
There are no stupid questions.
There are a LOT of inquisitive idiots.
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Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
Good catch, but to be fair to Turbo Tax, I bet the code was already written and the production underway before this was passed.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: Jun 2001
Posts: 4,777
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Jun 2001
Posts: 4,777 |
ill have to forward this to my two navy buddies
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Joined: Apr 2001
Posts: 1,228
Hard-core CEG\'er
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OP
Hard-core CEG\'er
Joined: Apr 2001
Posts: 1,228 |
Not trying to dog TT, just trying to get veterans all they are allowed... 
95 Contour SE ATX V6- SOLD
2001.5 VW Passat GLX V6 Tiptronic
2004 Honda VTX 1800N1
There are no stupid questions.
There are a LOT of inquisitive idiots.
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Joined: Aug 2001
Posts: 5,810
Hard-core CEG'er
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Hard-core CEG'er
Joined: Aug 2001
Posts: 5,810 |
My wife is doing mine electronically and I think she said something about that. I will make sure she is tracking this one.
Thanks
Former owner of '99 CSVT - Silver #222/2760
356/334 wHP/TQ at 10psi on pump gas!
See My Mods
'05 Volvo S40 Turbo 5 AWD with 6spd, Passion Red
'06 Mazda5 Touring, 5spd,MTX, Black
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Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
Originally posted by Sandman333:
Not trying to dog TT, just trying to get veterans all they are allowed...
Totally agreed, and I wasn't trying to dog you either.
I just wanted to explain a little of the development process, so people understood there are limitations.
Hopefully there will be a free downloadable patch available very soon.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: Aug 2004
Posts: 5,882
Addicted CEG\'er
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Addicted CEG\'er
Joined: Aug 2004
Posts: 5,882 |
Originally posted by Zoom Zoom Diva:
Good catch, but to be fair to Turbo Tax, I bet the code was already written and the production underway before this was passed.
that's why TT has downloadable updates everday to the last minute before midnight, April 15th. maybe they'll have one for this.
Originally posted by Tourgasm:
Sometimes you can mess up a word so bad that spell check doens't know what the hell you're talking about.
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Joined: Mar 2001
Posts: 839
Veteran CEG\'er
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Veteran CEG\'er
Joined: Mar 2001
Posts: 839 |
thanks sandman 
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Joined: May 2004
Posts: 398
CEG\'er
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CEG\'er
Joined: May 2004
Posts: 398 |
Did you ever get a responce to this, i could always look it up, but im lazy and would really like to know if i should resubmit this to teir 3
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