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I used to love FreeTaxUSA, but switched because of integrations, specifically Robinhood and such. Does anyone know if they've made that integration or otherwise easier to import said data in the last few years?
I've used turbotax for the last decade. They lure you in with free services for enlisted military or other discounts, then make it feel as annoying as possible to switch. Realizing how much I've been ripped off now I think this is the year I'm finally going to switch.
Not just that you're ripped off, but they heavily lobby to keep taxes as frustrating as possible so their existence isn't irrelevant. I hate hearing about late stage capitalism, but this is essentially that.
Many, many people no longer need to claim the mortgage deduction and so no longer need to itemize.
I will probably try to go this route this year. Previous years I was using CreditKarma/Cash, and then before that TurboTax of course. I should probably get an actual accountant. Does anyone else find this process a little fun? Finding all the opportunities for deductions?
I am a (fairly) close relative of an employee and a happy user. Feel free to ask me questions, and I'll pass them onto her! Also, FreeTaxUSA is not only great for users, but they are fantastic to employees. My relative got to go on a cruise this summer, and she claims their pay has more than kept up with inflation.
Any plans to support receiving refunds as Paper I-Bonds? i.e. Form 8888 ( https://www.irs.gov/refunds/using-your-income-tax-refund-to-... )
It's already the same thing on at least HRBlock website for many years - federal is free, state is a fee, and some extra stuff they sell.
I've used TurboTax, H&R Block, and TaxAct software in the past, before switching to freetaxusa a few years ago. The major difference is that Freetaxusa isn't constantly trying to upsell you into different products, or starting you out on a "free" tier and then 80% of the way through saying actually, you need the paid version, or you need to pay extra to efile, or something like that. Free Federal, $15 state, that's i…
But you might as well just use FTU.
Does anyone have a comparison between this and turbotax? I know there are some ethical issues w/ turbotax but the price relative to peace of mind is not that big of an issue and the guide-through UI does provide a lot of time savings relative to say filling out the raw forms. e.g. part of me believes that due to the lobbying etc, returns that come through turbotax have a lower rate of auditing or sth.
I think the wording on some of the questions it asks you are slightly different, so it may get a bit of a different answer on some things. Would have to compare to the IRS documents itself to see which is "right".
Earlier quoted context omitted.
Ok, you can go pay TurboTax $200 or whatever then. You have to enter in like 3 numbers, total $ bot/total $ sold/$ of wash trades. I’ll spend 30 minutes, $15 dollars, and my office’s mailroom to send one single 9x13 envelope once a year. Don’t let perfect be the enemy of good.
Yeah, that $150 is totally worth it for me because until the free software automatically integrates with external portals, TT is actually providing a valued service.
Earlier quoted context omitted.
Ok, you can go pay TurboTax $200 or whatever then. You have to enter in like 3 numbers, total $ bot/total $ sold/$ of wash trades. I’ll spend 30 minutes, $15 dollars, and my office’s mailroom to send one single 9x13 envelope once a year. Don’t let perfect be the enemy of good.
Yeah, that $150 is totally worth it for me because until the free software automatically integrates with external portals, TT is actually providing a valued service.
You do need to be able to provide substantiated figures if you are audited. Which is easy, you print out the paperwork from your exchange...
Not exactly worth paying for that convenience. You can still eFile too.
I used to love FreeTaxUSA, but switched because of integrations, specifically Robinhood and such. Does anyone know if they've made that integration or otherwise easier to import said data in the last few years?
The dirty secret is you don't really need the imported data, only the "results" - especially if the detail was provided to the IRS directly.
Earlier quoted context omitted.
The dirty secret is you don't really need the imported data, only the "results" - especially if the detail was provided to the IRS directly.
I'll need to investigate that, thanks. Any pointers? In 2021 TurboTax included all that pages in my filing, it was 100 something pages!