Hacker News new | ask | show | jobs
by heyheyhey 3378 days ago
> I have not used CreditKarma's tax product, but I've heard folks say that it calculates some things incorrectly.

Can anyone else attest to this? I am going to start doing my taxes soon (for the first time in my life) and CreditKarma seems like a good solution for me.
2 comments
berberous 3378 days ago
Take a look here for some issues: https://www.bogleheads.org/forum/viewtopic.php?t=207092

TurboTax will let you do everything except file for free. You could enter your data on both sites, and if they match, file for free with Credit Karma.

link
developer2 3377 days ago
>> You could enter your data on both sites, and if they match, file [... with the product that did the math correctly]

Square quotes mine. This should be standard practice for all tax filers using an online tool or downloadable application. In most cases you, as the taxed citizen, will be held liable for any mistakes on your return. Very few situations will find the tax software provider being legally at fault for an incorrect calculation. Protect your own ass(ets) by verifying your input with separate providers. If there any discrepancies, figure out why and file with the correct result. Do not try to "get away with" filing with the provider that is most in your favor without understanding the reason; from the point of view of your government, you might be filing a fraudulent tax return. Willful negligence of tax law is not a valid excuse in their eyes.

link
computerbob 3378 days ago
I did my tax return with CreditKarma and TaxAct. They came out almost identical. I filed with CreditKarma because it was free. They basically worked the same. It only took me about 10 extra minutes.

It also saved me about 1k since I had done my property taxes wrong. All in all I would say that CreditKarma was worth doing and I would use them again as long as they are free.

Side Note: I have used TurboTax and TaxAct in the past.

link