Freetaxusa vs turbotax reddit Honestly I'm happy with using FreeTaxUSA, I have seen no reason (so far) to not use FreeTaxUSA. . Turbotax wanted $120+$49 for state, whereas freetaxusa was $15 for state only. TurboTax Federal refund: $1011 State refund: $213 FreeTaxUSA Federal refund: $1102 State refund: $213 So the difference is $91 on the Federal returns. Other users comment on their own comparisons, opinions, and tips for tax software. But mostly the difference in market share comes down to Turbotax having a much bigger budget for ads. TurboTax: Fed- $4150, State- $1178 FreeTaxUSA: Fed- $3698, State- $1178 This is a simple what I have found post. the only thing that's showing different is the standard deduction is $20,800 with both TurboTax and TaxAct but only $13850 with FreeTaxUSA and this is a I've used both TaxSlayer and FreeTaxUSA; I prefer FreeTaxUSA because they are the most transparent program as far as pricing that I've used. Jan 18, 2025 · Freetaxusa doesn't handle some forms (nonresident returns, foreign tax credit, etc). It does not cost that much to produce reliable tax software. This was my first time not using turbotax and I'll never go back. 50 to get the Deluxe version of FreeTaxUSA (free amended returns, priority support and live chat). As you said, it's cheap (in my case, free because I live in Florida, so no state income taxes to file) Mar 20, 2024 · Curious, I only have 2 W-2s and a 1095-A for 2023 so very basic. A user posts a screenshot of their returns from Turbotax and Freetaxusa and asks why they are so different. I decided to do my taxes twice by completing them with FreeTaxUSA and TurboTax Absolute Zero. FreeTaxUSA includes my state income tax withheld and decides that the itemized deductions is better than standard deductions for me. Even if you don't qualify for the IRS Free File version they never charge for federal returns, only state. Used TurboTax Deluxe/Preimer for 15+ years, then switched over to FreeTaxUSA. For the 2020 or 2021 returns, I would suggest going to a tax office that can electronically file them for you. You can file the 2022 return using a DIY software like FreeTaxUSA. In the past few years, i used the turbotax irs free file to do my simple taxes, but now since turbotax doesn't participate in the free file program anymore, i only have 2 options (taxact and freetaxusa). Jan 29, 2023 · FreeTaxUSA hs prior years available for prep, but they must be mailed in. Mar 13, 2022 · I ran through freetaxusa and turbotax yesterday. I saved PDF copy of every single tax return since 2005, that's how I know where things began and end with TT and FTU on my end. Jan 25, 2021 · TurboTax wanted 90. Especially when you realize how big the market is (many millions of people). ymmv. Which one is the best to use? My taxes are very simple (only W2) and i live in florida so I don't pay state taxes. As you said, it's cheap (in my case, free because I live in Florida, so no state income taxes to file) Curious, I only have 2 W-2s and a 1095-A for 2023 so very basic. I am retired so have a fairly simple return. i used turbo tax for years before i had a bad experience with them in 2020 tax year. And if you ask me, actually, the default advice is much more "Use TurboTax" than "Use FreeTaxUSA". Feb 21, 2023 · I used TurboTax for tax years 2005 to 2018 Discovered FreeTaxUSA in 2019 and wish I discovered FreeTaxUSA earlier. Otherwise it would have been completely free. For 2019 and prior, they have to be mailed in whether done by your or a preparer. next thing i know i receive a letter from another state that there was an attempt to file my taxes in another state. The interface was not that different - we did our taxes completely with TurboTax first. As it turns out, I got a larger refund with TurboTax. TurboTax is great if you don’t mind paying for convenience but FreeTaxUSA did the job just as well for a fraction of the price. I tried TurboTax, TaxAct and FreeTaxUSA. I’ve included pictures of the breakdown because I think everything matches. This would be my 3rd year using FreeTaxUSA. 00 and we paid $7. for the first time i paid turbo tax for a live cpa to do my taxes. Personally? Turbotax felt more focused on selling me upgrades than doing my taxes; Freetaxusa quietly did its job. Jan 30, 2022 · In the past few years, i used the turbotax irs free file to do my simple taxes, but now since turbotax doesn't participate in the free file program anymore, i only have 2 options (taxact and freetaxusa). Filed with freetaxusa and the return was accepted within 3 hours. Other users suggest possible causes and solutions, such as child tax credit, recovery rebate credit, and dependent status. I see the difference is with the retirement savings contribution credit. I’m a usual TurboTax user but decided to use FreeTaxUSA this year because Reddit said so 🙃 I decided to run the numbers against TurboTax and I’m getting a $3k discrepancy. i had to freeze my credit accounts in case other personal info wasn't stolen I used TurboTax for tax years 2005 to 2018 Discovered FreeTaxUSA in 2019 and wish I discovered FreeTaxUSA earlier. All of the amounts on TurboTax match my amounts on FreeTaxUSA. the only thing that's showing different is the standard deduction is $20,800 with both TurboTax and TaxAct but only $13850 with FreeTaxUSA and this is a Feb 4, 2022 · I just did my tax return on both TurboTax and FreeTaxUSA to see how close they were. A post on r/tax subreddit shows a user's experience of filing taxes with Turbotax and Freetaxusa, and how Freetaxusa was cheaper and more comprehensive. Results were identical and I am self-employed, married with a child. Jan 16, 2025 · I have entered all my data in FreeTaxUSA and then used a family members TurboTax as a double check. Why would I pay more for the shittier Mar 14, 2025 · For anyone considering FreeTaxUSA or TurboTax, I’d say it really depends on how much you value a smoother user experience versus saving money. All of the entry numbers are exactly alike but there is a $3 difference in the refunds. I entered everything exactly the same and I got the same results with TurboTax and TaxAct but vastly different with FreeTaxUSA. Nov 25, 2022 · The question is not why FreeTaxUSA is so cheap, but why TurboTax is so expensive. TurboTax doesn't count my state income tax withheld as deduction items so it is using standard deductions and tells me that I own tax. rcvlh pvgkjbon iwwh zrehx xwjsfm dpgyzrq ljxilji lleuvtjl ctf voxhmms zin bhx qmyggjk xdyesw dzpq