Find out when your statement close date is. Whatever the balance on your is on your statement close date, that is what will be reported to the credit bureau. So, you can use all $700 of your credit limit. But if you pay off $600 before your statement close date, obit $100 will be reported.

And if you have 800 credit score, get a new card or ask for a limit increase.

The card I currently use is through my bank. Can I have them extend my credit limit or do I need a new card completely?

Edit: "or do I need a new card completely"

Utilization resets monthly and has no tracking. It's pointless to worry about month to month, so use it if you want. If you do have a need for credit inquiries, make a couple extra payments and keep the utilization low when it gets reported for that month. Manipulation of utilization is easy.

Apply for a higher limit credit card and this won't be an issue. Your credit is top tier stop worrying about it

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If this site is free, how do they make a living?

What is their revenue stream?

April 18th this year, to be precise: the 15th and 16th are the weekend, and the 17th is a holiday in the District of Columbia.

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No, the income tax deadline this year is April 18th.

I just tell people they’re the first authorized IRS free filer. A google search immediately shows its legitimate.

> And it's free. So literally no skin off their noses. If the result jives with what the accountant said, they have confirmation. If the result doesn't match up at least in the same ballpark, they can either accept it or get a new accountant or tax law attorney.

You literally said the opposite earlier. My point was that they should get a second professional consult if they are about to pay the $25,000.

Anyways, glad we agree now. Cheers.

You're putting words in my mouth, and making some assumptions that aren't valid. I didn't say any of that. Agreed that an attorney or a well-reputed tax accountant is a good idea, if it looks like they will be on the hook for this massive sum. But, a no-cost option for initial comparison is a wise minimum before proceeding, and there definitely are red flags about the current preparer, at least from what OP has shared.

Have a nice night.

Ok immigrated might be a whole different issue. Did your savings come from a foreign held asset or account?

If so, you may very well be subject to foreign income tax if you haven't previously declared the asset.

Yes, I also do my own taxes. I'm well aware of it's advantages.

Maybe you're right. They should just use the online software and if it says $25,000 as well, they should just pay this incredibly life changing amount without a second thought.

Silly me thinking they might want to consult at least ONE independent tax accountant who might be able to help out this person who obviously isn't very financially literate and could be making a huge mistake in some assumption or input.

A little over 20 years ago I went to one of those chains and was told I owed 2k, which was ok, I had been w2 part of the year but 1099 the other part. But I decided to try a non chain guy, and instead walked out with a 500 refund. I don't trust the chains at all.

The site has a very simple layout which also kinda gives it a scammy look to it as well lol

When I first met my now wife, she was an avid TurboTax user and refused to believe I was using a legitimate site lol

Sounds like you have back taxes or something that isnt evident based on your post

Or ours..... This was the year we had our first child so we knew we were gonna get some money back.

Friend hooked us up with a shady ass accountant. We got back more than 15k that year!

Well about 5 years later we got audited. Tried to get in touch with her, but she was in federal prison for fraud lol.

We ended up paying about 2 or 3k back to IRS so wasnt too bad

TurboTax is so easy. Stop losing money to an accountant if you’re making just 75k combined.

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That’s cheaper than turbotax. $399 for CPA help through them, and that’s with no state

Does your 1095-A have all 0s in Column 2 by any chance?

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That doesn't affect individual rates anymore. The insurance can charge your company a higher or lower rate than mine, but within our respective company "pools" everyone gets offered the same plans/rates.

It's one of the biggest drivers for corporate outsourcing. High wage workers demand a high quality health plan. On a $100k base the expense for a $25k plan makes sense. On a $35k salary, not so much , so now those people work for 'Facilities Mgmt LLC' which does the same non-core work but only has crappy benefits.

If you haven't already you may look to a health insurance broker to you help select plans and such in the future (to my understanding many if not all work for no fees). Mine helps me get free insurance but only because I'm low income and all she has to know is exactly how much money I predict I'll make throughout the year (and notifying her of any major changes in income).

I had a similar issue filing taxes earlier and didn't make enough money. Long story short, I did something wrong at first on my tax return and did it again to find the page I was looking for. It said that even though I didn't make enough money I could still quality for premium tax credit based on certain criteria and most importantly that my estimated income was within FPL income at the time of enrollment (I lost my job at the same time basically). Just something to look into. I'm kinda nervous I'll somehow still get fined or have to pay it back but others (a tax person and insurance broker) have assured me that shouldn't be the case if I made very low money.