![]() Yes, TurboTax Online somewhat supports cryptocurrency transactions, but the software isn't specifically designed to calculate or file crypto taxes and while the platform supports some popular exchanges and wallets, the integrations offered are far too limited for most crypto investors. TurboTax is one of the most popular tax preparation software in the United States and is used by millions of taxpayers each year to help them file their state and federal taxes online, either solo or with the help of an accountant. It offers a range of features such as step-by-step guidance, a user-friendly interface, and tools to help users identify tax deductions and credits. ![]() TurboTax is a tax software program developed by Intuit that enables individuals and small business owners to prepare and file their taxes electronically. If you're not seeing your situation covered, you can use TurboTax to get an estimate, and file there if you want to.Using TurboTax for crypto taxes, but no clue how to file them? Use our step by step guide for US investors on how to file your crypto tax with TurboTax and Koinly in 2023. Thanks for the feedback! As you've noticed, TaxCaster is a refund estimator and doesn't have all of the possible tax situations, but the most common ones that people have. Just totally inaccurate for our situation. That single aspect can swing your tax refund in a huge way, and it’s not included in this app as far as I can tell.īeyond that, it was easy to use and the interface was pleasant. And If you are over the amount to qualify, you pay it ALL back and end up owning THOUSANDS of dollars on your tax return. Discounts are granted based off estimated AGI at the start of the year, if your AGI ends up higher at the end of the year, you have to pay back the discount at tax time. It doesn’t account for ACA healthcare (Obamacare) and federal discounts received, which was the crucial thing I needed it for. To learn how Intuit protects your privacy, please visit: You can use it to estimate your taxes, and then use TurboTax to prepare and file your taxes. NOTE: TaxCaster doesn't prepare your taxes.ğamily of apps: Navigation drawer that lets you easily switch to other Intuit apps: TurboTax, Mint and ItsDeductible.You can also override the default/change the language in the app settings. TaxCaster en Español: If your device language is set to Spanish, the app will default to the Spanish setting.ĝata transfer: If you are a new TurboTax customer, you can send your TaxCaster data over to TurboTax to pre-select questions.Adjust your paycheck withholdings so you take home more money or plan ahead so you pay less tax. Plan ahead: Run scenarios on life events like getting married, having a baby or buying a home.Know your taxes: Use an estimate from the federal income tax calculator to get a quick read on your taxes before you prepare your tax return.Up-to-date: Updated to 2022 tax laws for an accurate tax refund estimate.Send your TaxCaster data over to TurboTax to pre-select questions and start filing. Just enter some basic info and watch your refund add up.įree data transfer for new TurboTax customers. This interactive, free tax refund calculator provides quick, accurate insights into how much you will get back or owe this year.
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