Cash 2022 App Tax Review

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We all dread having to prepare our tax returns. The process is doable, but it can be tedious to sort through your paperwork and read all the instructions on the forms. And if you have a complicated situation, it can be confusing to make sure you did all the right things when filing. Cash App Taxes aims to reduce the hassle of preparing tax returns…for free.

That’s right: free tax preparation. Here’s what you need to know.


Cost – 10


Customer service – 7


Ease of use – 9


Tools and Resources – 9.5


Previous year import – 10


Usability of mobile applications – 9

9

If you need a basic credit report, we think Taxes Cash App is a great option for you. It is 100% free and easy to use. There’s also a mobile app version, and you can import last year’s returns, no matter what service you’ve used in the past.

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What are cash app taxes?

Many of us know Cash App for its peer-to-peer payment products, including the ability to send and receive money in an instant, buy crypto, and invest in stocks. . However, since acquiring Cred Karma, it also offers other services, including tax preparation – it is now the fifth largest tax preparer in the United States.

Cash App Taxes makes getting started easy. You answer a few questions about your situation, and the app helps you determine your filing status and decides how to approach your taxes. With tips available in each section to help you understand what’s going on, you can be reasonably confident that you’re on the right track with your tax return preparation.

You can also prepare your tax return for free using Cash App Taxes. This can be useful because many other tax preparation providers charge an additional fee to complete your state return.

>> Further Reading: Credit Score Monitoring Sites

Who are cash app taxes for?

Cash App Taxes’ tax preparation is ideal for those who want to complete and file their tax returns quickly and easily. This works well for those who have fairly simple situations involving W-2 and 1099 forms, as well as fairly standard deductions. For most tax situations, Cash App Taxes works well, and it’s a bonus that the service is free.

Those with extremely complicated tax situations, such as those who have lived in multiple states during the tax year, have foreign income, or have reportable income from trusts, will not be able to use Cash App effectively Taxes.

For tax filers who want more attention or who prefer to use software offered by dedicated tax specialists, TurboTax, TaxAct, tax killer, and H&R Block might be better choices. Plus, if you want a more personal touch — or are concerned about a complicated tax situation — hiring an independent tax professional or CPA might be a better bet.

Carefully consider your tax situation and what is likely to be best for you before deciding to use Cash App’s tax preparation service.

Cash App Tax Preparation Features

Free Version
Import function
Small Business Features
Features for Investors
Audit assistance included
Reimbursement follow-up
Accuracy Guarantee Refund up to $1,000 via gift cards
Filing assistance Online Help Center, Email
  • jump start — Skip the integration steps by importing previous tax information. Cash App Taxes is compatible with TaxAct, H&R Block and TurboTaxso you can simply import your 1040 from these software applications to pre-fill your current tax return.
  • Mobile ranking — You can complete your entire tax return using a mobile device. You can use your phone’s camera to take photos of essential documents, and everything can be handled in the palm of your hand.
  • Tax return review – When you’re done, Cash App Taxes will automatically refer you to sections that you haven’t completed correctly or have red flags. Cash App Taxes checks and double-checks the return before it’s filed, reducing the chances of you ending up with errors.

Cash app tax plans and pricing

Cash App’s tax preparation service is completely free to use. You need to create an account, but you don’t need to provide a credit card to do so. You’ll be subject to credit card, loan, and other offers (Cash App Taxes makes money from those referrals), but you don’t have to pay anything upfront.

Even audit defense is free. You will receive a promotional code to use when you contact the third-party audit defense company. The voucher gives free access to the services.

Tax refund options

You can receive your tax refund in these ways:

  • Direct deposit
  • paper check
  • American Express Prepaid Service Card

How to register

To access the tax preparation service, you must be a Cash App member. Registration is quite simple. Using your email address as your login ID, you will set up a password and then provide other information, including:

  • name
  • Address
  • Date of Birth
  • Last four digits of your social security number

You will also need to answer questions about loans or other items to confirm your identity. Once you have an account, you can begin the process of filing your tax return by choosing the “Tax” option from the navigation menu.

Synchronization

Although you do not synchronize your bank accounts, it is possible to extract information in your tax form using other software. TurboTax, TaxAct and H&R Block forms can be captured and the information imported into Cash App Taxes. Additionally, you can import salary information from ADP and Experian using an Employer ID.

You can provide your banking information on the tax form so that your tax refund is deposited directly into your account if that is how you prefer to receive it.

Cash App Taxes Pros and Cons

benefits

  • Completely free. You won’t pay anything when you file your state and federal tax returns using Cash App Taxes.
  • Provides audit defense. Get help if you’re audited, for free.
  • Easy to use. Cash App’s tax preparation is easy to use and the interface is clean. Plus, you get help along the way.
  • Fully mobile tax filing. With everything fully accessible from your phone, it’s easy to file your taxes on your own terms.
  • Import from other tax preparation software. The ability to quickly and easily import your previous information allows you to quickly start your ranking.

the inconvenients

  • Not all forms are available. Although most tax situations can be handled by Cash App Taxes, not all of them can. Some important situations, such as multiple status returns, cannot be resolved using this software. Some trust forms are not available and Cash App Taxes cannot handle the foreign tax credit.
  • You need to register for Cash App. You might not want to sign up for Cash App Taxes and be bombarded with offers and other items.
  • Customer service does not focus on taxes. If you have a specific tax question to ask a human, it can be difficult to get through and get a good answer since Cash App’s specialty is not tax preparation.

Mobile accessibility

It is possible to complete the entire tax return process using a dedicated mobile device.

Customer service

Cash App Taxes has an online help center, including a section dedicated to preparing tax returns. It is searchable and can help you answer questions about the process. You can also get member support via email. Unfortunately, Cash App Taxes does not offer phone support, so you should be prepared to handle questions via email. Also, note that you might not get as much tax relief as you would with a company dedicated entirely to preparing tax returns.

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