![]() ![]() One mistake by TurboTax was probably overdue in the big picture. Once the update is installed and TurboTax opens I think the meter will immediately indeed run away, although I'll certainly go through that section to verify numbers again.ĭisappointing, but everything has a confidence level and margin for error. 59 Why We Picked It Pros & Cons Best Low-Cost Tax Software for the Self-Employed TaxSlayer Self-Employed 4. I suspect there was a form/calculation error in TurboTax and the government caught it. 1 online tax filing solution for self-employed: Based upon IRS Sole Proprietor data as of 2022, tax year 2021. I don't think information will have to be changed. 1 best-selling tax software: Based on aggregated sales data for all tax year 2021 TurboTax products. Drivers and delivery people can save up to 50 on TurboTax Self-Employed products, created for the unique tax. ![]() Now I fully expect the meter will run away upon the April 30 (or whenever) update. Geithner had testified that he used TurboTax to prepare his tax returns for the years 2001 to 2004 but had incorrectly handled the self-employment taxes due. Prior to rejection I had already taken the bonus cash and bought more shares of one of my stocks, plus paid off a credit card. I was so surprised I mentioned it to several friends and relatives, that I couldn't believe how comparatively favorable my taxes were this year, specifically due to the health care variable. It looked so bizarre I carefully inputted and checked everything again twice more, expecting the meter to run away against me, by at least $500. Answer Yes to Did you have any self-employment income or expenses and follow the instructions to set up your business. The error was in my favor and health care was the area. Open (continue) your return if its not already open Inside TurboTax, search for schedule c and select the Jump to link in the search results. This is the first time it erred significantly. I can always estimate the bottom line via TurboTax, within tight range. ![]()
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