64 votes
Accepted

In the USA, why is the Free File software only available for people earning less than $62k?

It is very helpful to understand that Free File is not actually "by" the US Internal Revenue Service (IRS). The IRS does indeed offer access to the program through their website, but Free File is ...
BrianH's user avatar
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26 votes

In the USA, why is the Free File software only available for people earning less than $62k?

Free File is not software by the IRS. Free File is actually a partnership between the IRS and the Free File Alliance, a group of tax software companies. The software companies have all agreed to ...
Ben Miller's user avatar
  • 115k
13 votes
Accepted

How to account for months lapse in tracking finances

I'd say you have a couple options that differ by the amount of time required. Option 1: Export your checking/credit card ledgers from your banks for the unaccounted for periods you mention then ...
Andy's user avatar
  • 1,448
13 votes
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What's the point of Acorn the app?

Yes, that's all they do. It's effectively an "automatic saving/investing" program. Bank of America does something similar with "Keep the Change", transferring the leftovers from checking to savings. ...
Joe's user avatar
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12 votes

How to delete multiple transactions at once in GnuCash?

As a workaround I made a shortcut key for deleting transactions. With GnuCash closed, I modified the accelerator-map file. In GnuCash 2.6 and older: C:\Users\username\.gnu-cash\accelerator-map In ...
User's user avatar
  • 383
8 votes
Accepted

Best personal finance strategy to control my balance

The key to understanding where your money is going is to budget. Rather than tracking your spending after the fact, budgeting lets you decide up front what you want to spend your money on. This can ...
Ben Miller's user avatar
  • 115k
8 votes
Accepted

Why would an error in sales tax not affect IRS tax due?

The state income/sales tax deduction is an itemized deduction, located on Schedule A. If this taxpayer didn't have enough deductions, the software would have chosen the standard deduction instead. If ...
Ben Miller's user avatar
  • 115k
7 votes

In the USA, why is the Free File software only available for people earning less than $62k?

Regardless of the source of the software (though certainly good to know), there are practical limits to the IRS 1040EZ form. This simplified tax form is not appropriate for use once you reach a ...
Steve Barron's user avatar
7 votes

How to delete multiple transactions at once in GnuCash?

As a follow-up to this very useful info, on a Windows PC, the file is located in: C:\Users\UserName\AppData\Roaming\GnuCash\accelerator-map The way the edited line is displayed in the above answer ...
Tinker's user avatar
  • 71
7 votes

Why do I need software to e-file?

Free File Fillable Forms is the official way to submit your tax form for free electronically to the IRS. If you already have a PDF of your 1040 filled out, you can use Free File Fillable Forms to ...
Ben Miller's user avatar
  • 115k
6 votes
Accepted

Paying tax when selling software with bitcoin

Publication 519 discusses the filing requirements for resident and Nonresident aliens. If your income is subject to U.S. tax, you will owe income tax based on the dollar value of the bitcoin when you ...
prl's user avatar
  • 2,804
5 votes
Accepted

For an individual, what's the point of using a money management tool like GNUCash?

It comes down to the resolution you want to have on your personal finances. A package like GNUCash allows you to easily answer questions like "Exactly how much do I spend on interest per month/year/...
Andy's user avatar
  • 1,448
5 votes
Accepted

Off-the-shelf Computer Software Depreciation

In contracting Non-off-the-shelf software is software that has been modified or developed for you. Microsoft office is off the shelf. Paying a company to develop an add-on to MS office would not be ...
mhoran_psprep's user avatar
4 votes
Accepted

Freemium Model In-App Purchases Sales Tax

It seems to me that an in app upgrade to ad free is a prewritten change to the software license and would effectively constitute an upgrade of prewritten software. Below is what seem to be the ...
quid's user avatar
  • 48.9k
4 votes

How to account for months lapse in tracking finances

You can take a shortcut and make a few cumulative transactions, maybe just estimate how much of your spending landed in each of your budget categories, but you will lose a lot of the value that you ...
NL - Apologize to Monica's user avatar
4 votes
Accepted

How can we get a hold of our finances again, with much less time to spend on accounting and budgeting, due to the arrival of our child?

I have also tried Mvelopes in the past, and my experiences match yours. I currently use the desktop version of YNAB:You Need a Budget (YNAB 4), and I like it much better. Where we failed after a ...
Ben Miller's user avatar
  • 115k
4 votes

Does there exist any insurance concept like liability insurance for mobile/computer application developers?

Insurance for professional mistakes is called errors and omissions insurance, or E&O. Searching reveals a number of firms offering technology errors and omissions insurance. The International ...
user71659's user avatar
  • 3,272
3 votes

What are the relationships between TaxACT and Republic Bank?

What are the relationships between TaxACT and Republic Bank? TaxAct appears to use Republic Bank to do all the banking associated with your tax refund. TaxAct also advertises refund transfers and ...
Nosrac's user avatar
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3 votes
Accepted

(UK) Using 'Money Dashboard' is in breach of TSB's T&Cs

You need to consult a lawyer in your area. Generally speaking though, if you breach the T&C, they don't have to follow them either, which means that whatever they were responsible for in those ...
Xalorous's user avatar
  • 2,855
3 votes

For an individual, what's the point of using a money management tool like GNUCash?

As asked previous in the week, there is a big difference between budgeting and expense tracking. Using software, like GNUCash, allows one to track their spending. A budget is a plan, the tracking ...
Pete B.'s user avatar
  • 76.1k
3 votes

Best personal finance strategy to control my balance

I started storing and summing all my receipts, bills, etc. It has the advantage of letting me separate expenses by category, but it's messy and it takes a long time. It sounds from this like you are ...
user's user avatar
  • 4,599
3 votes

When you e-file your taxes with TurboTax, does Intuit get a copy of your personal information?

If you are using the Turbotax website to do your taxes, Intuit has (and keeps) full records of everything. It allows you to view previous years' data in full, download previous tax returns, etc. If ...
Magua's user avatar
  • 5,097
3 votes
Accepted

When you e-file your taxes with TurboTax, does Intuit get a copy of your personal information?

Yes, they keep a copy of your entire tax return. Their software license (license.rtf) says this: Electronic Filing Services. If you choose to file your return electronically, your tax return will be ...
Alex P.'s user avatar
  • 146
3 votes

Does one of the US Income Tax free file services allow for no-fee 1099 entry?

The IRS Free Fillable Forms does, or at least I entered info from several 1099s in mine.
jamesqf's user avatar
  • 11.2k
3 votes
Accepted

Tax deduction macros in Python for Germany

Solidaritätszuschlag It is almost straightforward (5.5% surcharge on Lohnsteuer), but has two complications: It is not computed based on the actual Lohnsteuer, but on the Lohnsteuer that would ...
WerKater's user avatar
  • 343
3 votes

How do I get Gnucash to automatically assign expenses to accounts?

You say that you want to create "Groceries" as a "debit" account. If I understand your question correctly, that is an Assets or Liabilities account, as opposed to an Expense account. This would result ...
Lawrence's user avatar
  • 9,312
3 votes

Can you define multiple hierarchies for income and expense in GnuCash?

Update: Use a custom report as described in https://money.stackexchange.com/a/156867/97426. Short answer is GnuCash won't do that. Long answer is see short answer. Your approach is wrong but it's ...
flywire's user avatar
  • 153
3 votes
Accepted

How do I carry over capital loss to the next year?

Losses in 2020 fully offset gains in 2020. So if you have 30,000 in gains in 2020 and 15,000 in losses in 2020, the 15,000 in losses are fully deductible against the 30,000 in gains and you'll pay ...
Justin Cave's user avatar
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3 votes
Accepted

Does Microsoft Money Work in Windows 11?

Microsoft Money was discontinued in 2009 so obviously it is not "officially" supported on Windows 11. However, many people used it on Windows 10 and some users report that it works just fine ...
Nosjack's user avatar
  • 8,456
3 votes

What To Use For Recording A Rental?

In the past with a single property I was able to easily track the expenses with a spreadsheet. I am in the United States. Tracking the basic expenses wasn't hard. Things like repairs, rental income, ...
mhoran_psprep's user avatar

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