Thread 518990073

If I owe $0 as a NEET (living on dividends under the standard deduction), should I file taxes? Would there be any political implications for LEGALLY not filing federal taxes? Would a "gap year" look bad for any reason in the future? Or should I just fork over $60+ to turbotax?

Today is the last day for procrastinators for 2024 taxes.

serious replies, pls

>>518990073 (OP)
turbotax has a free option anon
also I knew guys who would never submit taxes because they knew the returns would just go to their ex wife so it can't be a big deal

>>518990415
turbotax still jews you if you have a big 1099-div.
>oh you have investments goy? pay up

>>518990499
>turbotax still jews you if you have a big 1099-div.
>>518990415

what i mean is, i can't seem to trigger the free option if i log the 1099-div. i get to the end and it says,
>oops, looks like you fell for our trap. your div too big so we had to use magic longer digital form which costs money. you owe us $60.

>>518990499
then pay?
filling out those div forms correctly with all your stock information is a fucking pain and preparers like turbotax and h&r block have systems to auto import everything and auto fill everything out
if you don't like it pay a real accountant
or take your chances not filing anything. the IRS can and will steal money directly out of your bank accounts FYI

file through free fillable forms
look up 1040 instructions
it's not difficult

>>518990889
thanks. i know for sure i'm under the standard deduction and owe $0, and am 99.9999% certain i don't need to file

so i guess my main question is, since TT wants their pound of flesh:

>are there any downsides in the future to not filing and having a gap year?

>>518991056
thanks, yeah. doing that in parallel.

>>518990073 (OP)
> should I file taxes?

Yes. You have to file even with zero income

>>518990073 (OP)
>he pays taxes

>>518991220
I guess I don't understand why you're sweating the $60 to secure your bags.
the IRS would probably audit if you didn't file for a year. even if they don't do anything and the audit clears it's annoying to deal with

>>518991305
um, i don't think that's true.

if you're thinking of state taxes, I live in a state with no state income tax.

>>518991540
i guess that's what i'm sussing out with your guys' help. and because fuck turbotax, but i also don't feel like figuring out one of those janky other sites, and it's too late for a Post Office postmark.

>>518991666
then use H&R
same shit

>>518990073 (OP)
Filling out the paperwork without going to the Turbotax jew isn't hard, OP. Unless you're a complete fucking retard. Which you may very well be. I obviously don't know if you are, but asking for tax help on 4chun is a red flag.

>>518991305
Found the reference that says I DON'T, if anyone is curious themselves.


>You must file a return if your gross income for the year was at least the amount shown on the appropriate line in Table 1.

https://www.irs.gov/publications/p501#en_US_2024_publink1000270109


"Table 1. 2024 Filing Requirements Chart for Most Taxpayers"

>>518992062
>a complete fucking retard
thanks for the compliment
>asking for tax help on 4chun
seems to be working, and it's the quickest, and filled with high iq. desu

>>518992200
Sir. this is an image board.
>picrel

>>518990073 (OP)
Nice try IRS.

I always file my taxes and I alwayshave them double checked so I make sure to pay e ery shekle I owe. I have never, and would never, commit tax fraud. Never.

>>518991540
they don't have any fucking employees anymore they're not going to audit him
they know he has a 1099 that's under the limit and they know there was no w-2
from their perspective maybe he's got some unreported income but he's sure to be way way way way down on the list
>>518991666
just file it on paper late tomorrow you don't owe so literally nothing will happen

>>518990073 (OP)
>last day for 2024 taxes
That's nice, but I'm just not going to file my taxes. Da fuk Schlomo gone do?
Really if they went hard then nobody would ever file after missing a year. So I don't think they do that, and didn't to me