Something I’ve always wondered which occured to me while reading this thread so I’ll post it here:
I have no certification related to tax or accounting matters whatsoever. Suppose I told someone I’d do their taxes for a $25 fee. Is that allowed? Or is there an actual rule against it?
I assume either way that it’d be foolish, as I’d be opening myself up to lawsuits or something if I did the taxes wrong.
But I’m just wondering whether it’s even allowed.
I don’t know how TurboTax works (I use H&R Block) - but I imagine that there must have been some point where it asked you if you had any deductions? Even if you were just a W-2 wage slave, it should have asked you that (which means it should be part of the base/cheapest version).
If you can’t rewind the interview, I believe that goes on Schedule A (see where your accountant put it last year) - at a minimum you should be able to directly access that form.
But if you can’t figure out how to rewind the interview, I’d be tempted to start over, and pay attention to anything that asks you about expenses.
Well, I checked into it, and discovered that you can only deduct the medical stuff if it’s more than 10% of your income, and it wasn’t. I think I was fooled because my accountant, naturally, put it into my forms last year as a matter of course, but (probably) didn’t actually DO anything with that number. I couldn’t/can’t tell from the forms whether putting that small number in actually IMPACTED my taxes in any sense. I guess not.