Cash App Taxes Notable Features
Cash App Taxes offers free tax filing for most people, but the software is more robust than its price tag implies. These are a few of the product’s best features.
Customized Filing Experience
Filers complete a short questionnaire at the start of the filing process. This streamlines the filing process, so users don’t have to open or review the information that isn’t relevant to them.
Completely Free Federal And State Filing
With many tax software companies, the free tier is incredibly limited, which means that the majority of taxpayers are forced to upgrade to a paid tier. Not so with Cash App Taxes. It offers all of its features for free. Users only need to download the Cash App to gain access to the robust software.
Required Multi-Factor Authentication
Cash App Taxes tackles security in a robust way. It requires users to use multi-factor authentication including scanning QR codes to start using the software. The use of a physical second form of authentication is a best practice that few other companies offer (much less required).
Free Audit Support
Cash App Taxes provides free Audit Support (through a third party) for anyone who files using Cash App Taxes. The support includes organizing tax documents, writing to the IRS, and attending hearings associated with the audit.
Cash App Taxes Notable Drawbacks
Cash App Taxes is suitable for the typical tax filing scenario, but it has a few drawbacks, especially for those seeking premium features.
Difficult To Login
I think the biggest notable drawback is that you have to start with the app or use the app to get started. For many, CashApp isn’t something you’ve maybe used before (or even heard of), so this could be an issue.
No Form Imports
Cash App Taxes doesn’t allow users to import W-2 or 1099 forms. This may be a dealbreaker, especially for crypto or stock traders who don’t want to manually enter every transaction.
Note: Cash App Taxes reached out and said https://installmentloansgroup.com/installment-loans-me/ the Snap a Pic functionality should go live this week (January 10) and Importing W2s will be live soon.
Cash App Taxes’ new navigation is best described as “customized” menu navigation. A short questionnaire simplifies the software, so users aren’t overwhelmed by selections. However, users must manually click into each section to enter their information. Users may accidentally skip certain sections if they don’t realize it applies to them.
Cash App Taxes Pricing Plans
Cash App Taxes offers free Federal and State filing. Users don’t have to pay for anything, including free Audit Defense.
How Does Cash App Taxes Compare?
Cash App Taxes is a surprisingly robust software, especially when it’s compared to bargain and mid-tier software. Here’s a quick look at how it compares to FreeTax USA, TaxAct, and TaxSlayer.
How Do You Log In To Cash App Taxes?
Filers who want to use Cash App Taxes may be confused by the login process. To create a tax account you’ll need to download the Cash App on your own. Next, you’ll need to select the “Free Tax Filing” option from the “Banking” menu.
From there, you’ll have the option to immediately start filing your return. Or you can choose to let Cash App Taxes estimate your refund instead.
If you choose to start filing, you’ll be asked tor provide an email address. You’ll then be sent a confirmation code to that email address and then another one to your phone. Once both have been verified, you can begin to fill out your personal information.
Note that you won’t have to complete your entire return on your phone. Once you’ve logged in using the app, you’ll have the option to scan a QR code to finish completing your return on a computer.