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For any question related to taxes and not otherwise covered by a more specific tag such as income-tax, sales-tax, capital-gains-tax etc. When asking about taxes, please also specify a country tag such as united-states, canada, united-kingdom, etc.

3 votes
2 answers
186 views

Tax refund disparity arising from TurboTax, relative to other programs (H&R, TaxAct, Credit ...

I itemize, only accounting for ~$1000 in charitable donations, which I value myself; property taxes; and mortgage interest. I file married jointly, and I have one young child. …
BaronFiner's user avatar
5 votes
Accepted

Tax refund disparity arising from TurboTax, relative to other programs (H&R, TaxAct, Credit ...

@grade-eh-bacon was right. It turns out the culprit was $118 state tax due for 2016 in 2017. Each year, I typically get a federal refund, but owe a bit of state tax, typically, around ~$20. In 2016 …
BaronFiner's user avatar
1 vote

In NYC is there sales tax on services like computer / cell phone repair?

According to the New York State Department of Taxation and Finance, your service would appear to be exempt from taxes. However, if you are charging for tangible items, those would incur a sales tax. …
BaronFiner's user avatar
1 vote
4 answers
398 views

Tax implications for selling mutual funds then reinvesting in new mutual funds (US)

Therefore, it seems I am paying taxes on them. … If I were to sell my existing funds to invest the money in FSMEX or FSELX, would I have to pay more in taxes, and, if so, would any potential performance increase be overshadowed by increased taxes? …
BaronFiner's user avatar