UnfinishedAle t1_je89zm1 wrote on March 30, 2023 at 3:13 AM

I just switched to this for this year from turbo tax and my god I can’t believe I’ve used TurboTax all these years..

Deep90 t1_je8bhbi wrote on March 30, 2023 at 3:26 AM

I freaking hate TurboTax.

Besides their lobbying, its also pretty much impossible to figure what forms their pages correspond with. If you need to fill out a 1099-MISC you can't because turbotax wants to be helpful and it knows best.

Shadefeaster t1_je8p0gn wrote on March 30, 2023 at 5:47 AM

They are pretty much all to blame but the real reason is because taxes are based on your word and ambiguity. The rich don't want a flat tax, they want their lawyers and accountants to cost less then their taxes so they can lie their way out of it. The only ones that get caught are the poor that can't afford them.

[deleted] t1_je8r5js wrote on March 30, 2023 at 6:13 AM

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awkrawrz t1_je8m3zk wrote on March 30, 2023 at 5:13 AM

Do they auto pull in investment data of all my trades? Bc that is the biggest doozy and benefit for me to use other services I'm already familiar with doing that.

If so, I'm switching to this next year. I'm so tired of paying to do my own taxes, but I'm not rich enough for a CPA.

nelsonnyan2001 t1_je8mrgo wrote on March 30, 2023 at 5:20 AM

Depends on your 1099 and how well your brokerage formats that data. Seems like FreeTaxUSA uses some proprietary backend to soup through your 1099 forms. The "auto-import" function can be spotty but should work fine for 99% of W-2's.

Schwab's 1099 import worked fine for me, YMMV.

awkrawrz t1_je8mu8q wrote on March 30, 2023 at 5:21 AM

Awesome! Thanks for sharing and I use Schwab do that is good to know!

nelsonnyan2001 t1_je8n0dw wrote on March 30, 2023 at 5:23 AM

Sure! Just a heads-up - I don't day-trade and most of my taxable gains were from reinvested dividends from ETF's (and some FAANG exits) so my 1099 was incredibly simple, realistically it would've taken me 10 minutes to fill them out myself, I just wanted to see how well the import function would work.

awkrawrz t1_je8oo3f wrote on March 30, 2023 at 5:43 AM

That's good to know! I may give it a try next year just for fun. Worst case I just continue with TurboTax.

[deleted] t1_je8jcp7 wrote on March 30, 2023 at 4:42 AM

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RantRanger t1_je8l261 wrote on March 30, 2023 at 5:01 AM

If this site is free, how do they make a living?

What is their revenue stream?

CMD2 t1_je8lu9i wrote on March 30, 2023 at 5:09 AM

You can file federal for free but you pay for state filings. There are also upgrades you can get like access to live help and audit support.

CarTarget t1_je8ojly wrote on March 30, 2023 at 5:41 AM

To answer about their revenue stream: The IRS free file program is a government program that partners with companies to provide free filing options. They also have services they charge for like audit protection but those are optional and just a " do you want this" at the end

My husband and I owe 22k in taxes but we only made a combine total of 75k

Physics_Prop t1_je87pzw wrote on March 30, 2023 at 2:54 AM