I thought maybe you took money from something like a retirement account or another restricted asset type that led to your higher taxes but it doesn’t sound like it

hello, thank you for the advice.

he is a w2 employee. We are going to get out paper work back and file an extension to sort this out

[removed]

I don't know anything about ARM aside from RISC :) but for refinancing a fixed rate mortgage, yes, you generally can. However, there are fees with that, so you'd have to factor those fees in to see when your break even point would be. Different lenders have different fees, so check and ask around.

the proper link is https://freetaxusa.com

Free for federal, so free in Texas. Very good even with a moderately complex tax situation.

I looked through the website and what we were told this person was certified but i'm retrieving my paper work back tomorrow and going to file an extension

Is he self-employed, does he get a 1099 or a w2?

If he is, he’ll owe social security on top of taxes but can the self employed still deduct insurance premiums? So, yeah, get to a cpa to sort this out

[deleted]

There is something way off with the insurance calculations. Does the exchange know what your income was? You made less in 2022, right? And the health exchange was updated on your income, right? And you downloaded the tax credit form that the exchange generates each year?

It might be worth it to go to an actual cpa to sort this out for you this time and get you on the right track for next year. A cpa- certified public accountant.

You can try the online tax programs yourself first to see if anything obvious pops up but it sounds like a cpa would really help you. Ask around for recommendations for a cpa where you live.

Is your husband self-employed?

I'm scratching my head over this because the math ain't mathin'. Your accountant helps you file your taxes but doesn't file them for you? Fire them and hire somebody better.

Thank you so much, So during diagnoses and then chemo i had very rough time so I couldn't work much. I withdrew from my savings account and some cash i kept.

Why not just pay a cpa $150 to file your return

I would recommend just putting it in a high yield savings account. You can add more at any time or with draw at anytime with no penalties. The rates are about the same as most 6 month CDs. Also once the CD date ends your often times asked to with draw or sign up for a new CD. If you with draw but are planning not using it all at once you start losing out on interest again. I’ve found this to be the best way to make hassle free, FDIC insured passive income that’s quickly accessible. I park my emergency fund here and extra money until I can a solid investing opportunity.

[removed]

Wealthfront is FDIC up to 3 million, no need to split it up.

[deleted]

Got it, thank you

I’m a cpa. More than enough

It's not a bad double check. I suspect something was typed in wrong. I had that briefly because my HSA withdrawals weren't entered correctly.

Either way, use a pro and not some place that has a mascot jumping around out in front. It's generally better and less expensive.

Yes, 250k for single account or 500k for joint account.

Wholeheartedly disagree. We can definitely help by telling OP to fire whoever it is that is "helping" with their taxes, since they clearly don't know what the fuck they are doing nor how to explain it.

[removed]

check with that bank for their CD. I think you need to make the CD is equal or less than $250K per bank

You can farm a lot of bank account bonuses with that much.

https://www.doctorofcredit.com/best-bank-account-bonuses/

Yeah it’s free tax usa