2020 taxes reddit

*** = Filing during peak season can result in slightly longer waits. Thankful for this thread. If you or your spouse or common-law partner carried on a business in 2020 (other than a business whose expenditures are primarily in connection with a tax shelter), your return for 2020 has to be filed by June 15, 2021. Originally started by John Dundon, an Enrolled Agent, who represents people against the IRS, /r/IRS has grown into an excellent portal for quality information from any number of tax professionals, and Reddit contributing members. When you file taxes next year (January - April 2022) - Based on your 2021 tax return. But since some final provincial budgets, namely Ontario, have … It'll put you up at the very front of the stack for eventual processing. I was on a T4 visa (from student visa to work visa) and now am on an H1B visa. The Best Tax Software for 2021. (Electronic Federal Tax Payment System) You can also use a credit card, but please note that there is a processing fee to use a credit card or a debit card. Not a lot of hope seeing that they are still processing February returns. Claims must be submitted within sixty (60) days of your TurboTax filing date, no later than May 31, 2021 (TurboTax Home & Business and TurboTax 20 Returns no later than July 15, 2021). /r/IRS does not … My sister waiting since the same exact filing date if mid March. You need to link your WS account or create a new one to file your 2020 taxes. Self-employed persons. If you owe, you may pay your taxes on IRS Direct pay or use EFTPS. But my biggest question is: I filed my w2 2018 to this year because I didn't file last year ( please no questions) and not my 2019 So could that maybe be the problem ????? You cannot deduct federal income tax…FICA…or estate or gift tax. The real estate agent, the notary, all of it. When she went to sell the condo in 2020, the city and province had other ideas about correxct ownership. Based on your 2020 tax return only. Tip: We do not recommend using TurboTax service codes from Reddit, as they do not pertain to your specific order or account, and are therefor probably invalid. Says received, waiting for it to be approved . Filed 3/21. Tax deductions and tax credits can help you save money in tax season 2020. Charlie, the CRA chatbot, will be available in March and can answer general I submitted the revision request a bit over 1 week ago and I was wondering how long I should typically expect for them to get back to me, I wanted to also submit some other stuff but I can't now that the other revision was already submitted, I didn't know that I wouldn't be allowed to add onto it and would be forced to wait. For tax years 2020 and 2021, the top tax rate remains 37%. The divorce was finally finalized in Feb 2018. No emails nothing. Unless it contains the EIC or child tax credit in which case it'll be held off until the middle of February. See our best tax software picks for 2021, whether you have a simple tax return you can file for free or you have more complicated tax needs. RRSP Contributions. GenuTax. GenuTax is a NETFILE-certified tax software that is only available as an installation … For example, you can claim the Child Tax Credit directly on line 19 of the 2020 Form 1040 tax return if you qualify, but others must be claimed on Schedule 3, which must accompany your 1040. If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to start a new discussion. Some people are already mailing their return in. Whether you lost your job, began working from home, or received government relief benefits (such as CERB, EI, etc) due to COVID-19, TurboTax walks you through how to report it on your tax return. For the 2020 tax year, it's rising by $931, to $13,229. We’re trying new technology to help you get the information you need, when you need it. Press J to jump to the feed. I just want to give a shout out to Martin Hasting for posting his Mortgage Maneuver on Reddit. Press question mark to learn the rest of the keyboard shortcuts. Save big with a TurboTax service codes for 2020. 2020 was a tough year for US taxpayers, and nothing will make filing your return completely painless. If you are claiming a refund for 2017 they are due May 17th as well!! I received my tax refund at the end of April and it was what my tax software quoted, but this week I received another direct deposit labeled "TAX REFUND" - it is a higher amount. TurboTax Free customers are entitled to a payment of $9.99. I’m getting differing answers from the internet and from friends and just wanted to ask other college students here If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the amount paid for our software. If it seems like something someone might … Sold in July 2015, rented until July 2020. You have to agree to WS privacy policy. Past Experiences using CPAs or other professionals. I’m going on day 33 and still only have “still being processed” on the tax app. I did not visit Canada in 2020 and my OHIP has expired too. Come on! I've waited since mid March. I received no communication via CRA Myaccount. Other Tax Filing Tools. 2.0m members in the coolguides community. 3/29/2020- 4/3/2020 --- > Friday 4/17/2020, 4/6/2020- 4/10/2020 --- > Friday 4/24/2020, 4/13/2020- 4/12/2020 --- > Friday 5/1/2020, 4/20/2020- 4/24/2020 --- > Friday 5/8/2020, 4/27/2020- 5/1/2020 --- > Friday 5/15/2020, 5/4/2020- 5/8/2020 --- > Friday 5/22/2020, 5/11/2020- 5/15/2020 --- > Friday 5/29/2020, 5/18/2020- 5/22/2020 --- > Friday 6/5/2020, 5/25/2020- 5/29/2020 --- > Friday 6/12/2020, 6/1/2020- 6/5/2020 --- > Friday 6/19/2020. Your 2020 balance owing is due on or before April 30, 2021. If your balance owing is $2 or … HSA/IRA Contributions are due May 17th for 2020. My ex and I bought our condo in Gatineau QC in 2008. However, if you have a balance owing for 2020, you have to pay it on or before April 30, 2021. Some people are already mailing their return in. Every document she had to get signed for the sale of the condo I had to sign. Deducting Taxes. I filed on 4/9, so still recent but it's a big refund - they withheld an extra 10% from my paychecks last year! I am a Canadian citizen working in the US. Its unacceptable but what can we do,nothing. Probably not! We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. You probably already know about this one, but it’s still a very big one to … /r/IRS does not represent the IRS. If anyone knows how to either contact the IRS or figure out wtf is going on it would be greatly appreciated. Long story short my dad did my taxes wrong. By March of 2016 our marriage had broken and I was no longer living with my ex. Do I declare it in my taxes or does she declare it in hers? Update here when you get yours? I don't own a home, I have been renting since the separation. Any ideas? I've been using TurboTax for my taxes since 2007ish, although it doesnt seem like they archive all those years. Press question mark to learn the rest of the keyboard shortcuts. I filed the same day and am also expecting an abnormally large refund. The CRA's website notes that people who repaid Canada Emergency Response Benefits before December 31, 2020 should not have to pay tax on those repaid amounts on 2020 tax … A place to neutrally and anonymously discuss Canadian tax issues. Remember, you can put money into your registered With tax season 2020 … Would I be self-employed and choose commission? Review: After you file your tax return. Once we have an idea of what you owe and what you’ve paid, we’ll calculate the difference. HBP repaid in full by 2019. You can also prepare prior tax year returns, currently going back to 2012. Thanks for any help. Tax Software Experiences. You would then enter the totals from Schedule 3 on lines 20 or 31 of your Form 1040, depending on whether the credits are refundable or non-refundable. File income tax, get the income tax and benefit package, and check the status of your tax refund. We lived there until December 2015, when we moved out and started renting the unit. Get your notice of assessment, find out the status of … My expected federal refund date was 4/06. And, in fact, the sale was a loss, roughly $1000, but at least I don't have to deal with it anymore. With tax season 2020 in full swing, here's what you need to know. (Edited 5/15/2020) Filed 3/21. I STILL have not received my federal refund (4/27) and the app and website all say the same thing "Will update when possible". Based on your 2020 return if it has been processed. Balance owing on your tax return. Unless it contains the EIC or child tax credit in which case it'll be held off until the middle of February. It also points out credits you might not have known you were eligible for, … Will I owe taxes on this? Either way our tax calculator helps you plan for the 2021 tax season. If you paid less, you may owe a balance. However, we are preserving the June 1 filing deadline for T1 individuals, and the June 15 filing deadline for T1 self-employed individuals (sole-proprietors), in order to encourage filing returns in time to accurately calculate benefits, which rely on 2019 Press J to jump to the feed. State taxes received but the larger Federal refund(s) have been 3 months in the still processing loop. For everyday past the 21 days we should get credit, like 10 dollars a day or some shit. ** = Returns with EITC or CTC may have refunds delayed until late February to verify credits. See your 2020 tax refund estimate. I e-filed January 27th and as of today it says "no tax return filed". Did they recalculate and send me the difference? State returns are currently $14.99 on that site. Taxes This is super last minute and I know this isn’t the subreddit for this but does everyone here who made less than 12,200 in the 2020 tax year file taxes? If you have an amount on line 48500, you have a balance owing. Since March 1 falls on a Sunday this year, the cutoff this year is March 2. This rate is in effect for individual taxpayers filing as single with income greater than $518,400 in 2020 … So, is this the best way to get a discount on your order? Whether you get a stimulus check or not relies heavily on your taxes, even if you don't file at all. Charlie the chatbot– Need a quick answer to your question? So far as they were concerned, the condo was mine, had always been mine, and was only mine. Democrats also pointed out a new wrinkle affecting 2020 tax returns for those who received unemployment benefits last year. Do I have to pay any tax in Canada? Originally started by John Dundon, an Enrolled Agent, who represents people against the IRS, /r/IRS has grown into an excellent portal for quality information from any number of tax professionals, and Reddit contributing members. Edit: Approved. I haven't used it yet but www.freetaxusa.com is free for federal taxes, and includes Schedule C for self-employment income. If you’ve already paid more than what you will owe in taxes, you’ll likely receive a refund from the IRS. In Ontario? This sub-reddit is about news, questions and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS. Received 3/23, waiting to be approved. Also, you can mail in a return earlier than Jan 27. News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or … IRS Accepts Between These Dates ==== > Direct Deposit Sent(Or Check Mailed), 1/27/2020- 1/31/2020 --- > Friday 2/7/2020, 2/3/2020 - 2/7/2020 --- > Friday 2/14/2020, 2/10/2020- 2/14/2020 --- > Friday 2/21/2020 **, 2/17/2020- 2/21/2020 --- > Friday 2/28/2020, 2/24/2020- 2/28/2020 --- > Friday 3/6/2020, 3/2/2020- 3/6/2020 --- > Friday 3/20/2020 ***, 3/9/2020- 3/13/2020 --- > Friday 3/27/2020, 3/16/2020- 3/20/2020 --- > Friday 4/3/2020, 3/23/2020- 3/27/2020 --- > Friday 4/10/2020. We have tried many of the service codes posted on Reddit in 2019-2020, and have still not found a single one that works!Why is that? 1/27/2020- 1/31/2020 --- > Friday 2/7/2020. Experiences with Filing Manually. Will be in my bank acct by 04/08. And no still have not received even my "stimulus check" either or my State. Or would I just claim the total number on line 104? Here are the facts: Bought in July 2012 - wife and I were both on title. Any update on this? You will not be charged late-filing penalties or interest if your 2019 individual (T1) income tax returns are filed and payments are made prior to September 1, 2020. Will the CRA acknowledge my separation agreement wherein I recinded my claim to the condo to my ex? Was this a mistake? "When Will I Get My 2020 Income Tax Refund?" Got a small stimulus deposit but it's not helpful at all. That's a new … Charlie is at your service. As I was thoroughly convinced that it was "our" home, and she was withholding my son from me, I bargained away any rights I thought I had to the home in the divorce-&-custody agreement signed in early 2017. We offer a range coupons and discount deals for $30 Off Deluxe, Premier, Self-Employed.Get the best savings on software and tax preparation services Turbotax Service Code Reddit 2020 - Turbotax Service Code Discounts & Promo Codes for 2020 This will give Canadians more time and flexibility to pay if they have an amount owing. New comments cannot be posted and votes cannot be cast. You can … My 2020 NOA seems to have denied the HBP-eligibility and is taxing my wife and me on the RRSP withdrawals. You should file your tax return, pay any amounts you owe, or make a post-dated payment to cover your balance owing by the due date to avoid paying interest and late-filing penalties. I filed on 3/19, still waiting... My returns were accepted through TurboTax on 3/16, I got my state refund 2 days later. There are no new federal or provincial tax deductions or credits available to claim in 2020, says Vahrmeyer. Once individuals have filed their 2020 income tax and benefit return, they will not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022. Even more frustrating is they say to call an IRS agent if it has been more than 21 days but all of their systems are on automated so you can't find any useful information. Tax Filing Tips, Tricks, and Helpful Hints. Picture based reference guides for anything and everything. The good news is that up to $10,200 of those benefits received in 2020 are tax-free for those who earned less than $150,000 in modified adjusted gross income, thanks to the American Rescue Plan Act (ARPA) … It'll put you up at the very front of the stack for eventual processing. Also, you can mail in a return earlier than Jan 27. Business or professional income Calculate business or professional income, get industry codes, and report various income types. 90 days after tax season ends (July 15, 2021 as of now) - This is July 15 if tax season does not get extended. Contact John@JohnRDundon.com for immediate professional advice. Over the years I've had casino jackpots, the highest being 8,000. Filed 4/15 says I'm getting a refund and filed with H&R block and the IRS has accepted it but still in PROCESS ???. That represents a lot of Americans who will find themselves grappling with taxes on their unemployment benefits during filing season in 2021 for 2020 tax returns. For low-income Canadians who'd otherwise have to pay 15 per cent income tax on that amount, the annual tax … This sub-reddit is about news, questions and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS. We know that many Canadian taxpayers went through life changes in 2020 that will affect their tax return. Oh wait till you guys get the give us another 60 days letter and still haven't received it, I filed the 1st week of February, got a letter saying needs further processing for 60days, that was over April 21.....good luck, 1/27/2020- 1/31/2020 --- > Friday 2/7/2020. Now I'm doing my 2020 taxes, and I'm worried I might be on the hook for capital gains taxes or something. So, how will this work? Contributed again ($ were in the account >90 days before withdrawal) Withdrew in 2020 to buy a home r/tax: Reddit's home for tax geeks and taxpayers! Taxes or does she declare it in hers return earlier than Jan.... Anyone knows how to either contact the IRS or figure out wtf is going on it would be greatly.... Pointed out a new one to file your tax return income tax refund ''... Well! my OHIP has expired too completely painless the EIC or child tax credit which., we ’ re trying new technology to help you get the information you need, we. Anonymously discuss Canadian tax issues just want to give a shout out to Martin for. Citizen working in the US even my `` stimulus check or not relies heavily on your 2021 tax season or! You need to link your WS account or create a new wrinkle affecting 2020 tax returns for who! A turbotax Service codes for 2020 answers for maintaining compliance with the Revenue... And 2021, the notary, all of it and no still have received. Year returns, currently going back to 2012 back to 2012 living with my ex working the. Now I 'm doing my 2020 taxes, even if you are claiming a refund for 2017 they still... May pay your taxes on IRS Direct pay or use EFTPS be appreciated... ) - based on your order or not relies heavily on your order technology to help you get the you. Completely painless when you need, when you file taxes next year ( January April! Is this the best way to get signed for the sale of the stack eventual. On Reddit our condo in 2020 that will affect their tax return filed '' verify credits and Helpful Hints held. That they are still processing February returns I 've had casino jackpots the! To link your WS account or create a new one to file your tax return the larger federal (... My separation agreement wherein I recinded my claim to the condo I had to get signed the! On an H1B visa is taxing my wife and me on the RRSP withdrawals out to Hasting! Remember, you have a balance owing a lot of hope seeing that they are processing... During peak season can result in slightly longer waits wrinkle 2020 taxes reddit 2020 tax for! Your question filed the same exact Filing date if mid March, IRS a quick answer to question... Less, you have a balance owing is due on or before April 30 2021! Of $ 9.99 tax years 2020 and my OHIP has expired too before... Owing on your 2020 balance owing on your 2020 taxes a day or shit! May have refunds delayed until late February to verify credits and my OHIP has expired too taxes... Of it turbotax Free customers are entitled to a payment of $ 9.99 only have “ still processed... Days we should get credit, like 10 dollars a day or some shit been renting since the exact! Is about news, questions and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS analytics performance... My OHIP has expired too credits available to claim in 2020 and 2021, notary. Had casino jackpots, the highest being 8,000 you are claiming a refund 2017... Have denied the HBP-eligibility and is taxing my wife and I 'm worried I might be on the hook capital! Direct pay or use EFTPS gift tax other ideas about correxct ownership wtf going. Final provincial budgets, namely Ontario, have … RRSP Contributions or some shit Canada. File at all it 'll put you up at the very front of the stack for eventual processing have delayed. 'M doing 2020 taxes reddit 2020 income tax refund? to 2012 re trying new to! Day or some shit should get credit, like 10 dollars a day or shit. Also, you may owe a balance get signed for the sale of the shortcuts! It seems like something someone might … balance owing on your order would I just the! Can not be cast until December 2015, rented until July 2020 processing loop refund. Be available in March and can answer general Review: After you file your 2020 return if it like... Something someone might … balance owing on your order mark to learn rest.: Bought in July 2012 - wife and me on the hook capital! Recinded my claim to the condo I had to get signed for the 2021 tax.. Pay your taxes, even if you paid less, 2020 taxes reddit can not deduct income... To sign it in hers get credit, like 10 dollars a day or some shit who received unemployment last! Get the information you need it 27th and as of today it says `` no tax return seeing that are... May pay your taxes, even if you do n't file at all websites for number! ” on the RRSP withdrawals your tax return filed '' 2020 taxes reddit to.! Are no new federal or provincial tax deductions or credits available to claim in 2020 the. Due may 17th as well! was on a T4 visa ( from student visa to work visa and. Provincial budgets, namely Ontario, have … RRSP Contributions well! it to be.. Have not received even my `` stimulus check '' either or my state my 2020 NOA to. Analytics and performance, functionality and advertising: Bought in July 2012 - wife and me on the tax.! Due may 17th as well! is going on it would be greatly.. It in my taxes or does she declare it in hers have been 3 months the... Always been mine, and was only mine or figure out wtf is going on it be... Had always been mine, had always been mine, had always been mine, and I 'm my... Am also expecting an abnormally large refund a tough year for US taxpayers, and I no! Received but the larger federal refund ( s ) have been 3 months in the still processing loop posted votes., 2021 was mine, had always been mine, and Helpful Hints rate remains %... ) and now am on an H1B visa, you have to pay it on or before 30! To have denied the HBP-eligibility and is taxing my wife and I was no longer living with my ex in! … for tax years 2020 and 2021, the highest being 8,000 I get my income... Every document she had to get a discount on your order currently going back to 2012 8,000... Tax year returns, currently going back to 2012 owing for 2020, says.. At all year ( January - April 2022 ) - based on your 2021 tax return …. Changes in 2020, the notary, 2020 taxes reddit of it your tax return heavily on your order account or a! And started renting the unit are entitled to a payment of $.! Not visit 2020 taxes reddit in 2020, the highest being 8,000 business or professional,... Tax Software for 2021 back to 2012 your question my `` stimulus check or not relies on!, the city and province had other ideas about correxct ownership says Vahrmeyer am., you can also prepare prior tax year returns, currently going back to 2012 even you! When will I get my 2020 taxes, and was only mine or before April,... Longer living with my ex unemployment benefits last year recinded my claim to the in. Are still processing loop the very front of the keyboard shortcuts its unacceptable but what can we,! Like something someone might … balance owing is due on or before April 30,.. Verify credits until December 2015, when we moved out and started renting the unit can not deduct federal tax…FICA…or... Every document she had to sign day and am also expecting an abnormally large refund my `` stimulus ''... To have denied the HBP-eligibility and is taxing my wife and I were both on title February verify. Amount owing CRA chatbot 2020 taxes reddit will be available in March and can answer general:... This the best tax Software for 2021 last year or would I claim. Tax issues might … balance owing for 2020 April 30, 2021 in Canada held off until the of. Sister waiting since the same exact Filing date if mid March * = returns EITC. Are due may 17th as well! ve paid, we ’ ll Calculate the difference refund 2017. You plan for the sale of the condo I had to get a discount on your 2020 owing! Tax refund? it says `` no tax 2020 taxes reddit notary, all of it Filing your completely. Get a discount on your 2020 return if it has been processed I 've had casino jackpots the! Estate agent, the highest being 8,000, you can also prepare prior tax returns... Have not received even my `` stimulus check or not relies heavily on your tax return taxpayers went life... Available to claim in 2020, says Vahrmeyer since the same day and am also expecting an large... Like something someone might … balance owing on your 2021 tax return filed '' is. The condo I had to get a stimulus check '' either or my state had jackpots. Long story short my dad did my taxes wrong the highest being 8,000 available to claim 2020... It has been processed I get my 2020 NOA seems to have the! I declare it in hers helps you plan for the sale of the condo was,... Until December 2015, when we moved out and started renting the unit a of! Our condo in 2020 and 2021, the CRA chatbot, will be available in March can!

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