Category : Finance
Waaay off for taxes to be filed in 2022. Check your programing for the CTC. If left at $0, it shows no credit. When an amount is entered, it shows a negative balance. Remember, the payments made in 2021 were 6 months advance, per child, (for those that received all 6 months.) There is a 6 month bulk amount clamable, per child, on one's 2021 taxes as well. Also, there is a loss of return when adding stimulous recieved from March 2021. This is suppose to be non taxable. So, why the loss?
See Line 12b of the Form 1040 instructions. The program is including non-cash charitable contributions which are not allowed unless itemizing. I haven't worked through all of the possible scenarios, but found the error in the app while preparing my taxes. Otherwise, it's a 5 star for me.
Used this for many years. With the 2021 download it wont open at all. After reading the other reviews it appears Intuit is dropping the ball on this product.
I was able to download this app but, turbo tax won't allow me to download its app in order for me to file. Fixing to see if H&R Block gives me the same issues. :(
The application is great and I do not have any crashes so far at all. There's no complaints yet.
Been with TurboTax for 5 years now. Debated checking this calculator for a while now. Did it this year and it was spot on 100%
Very inaccurate tax calculation. I just finished my taxes and may owe a penalty. I assumed that I had just estimated something wrong. But, it turns out that I estimated a little high and the app still undercaluculated the taxes. It's good for helping you collect your normal income and deductions, but not good at the tax calculation. The web version is equally inaccurate for me.
Edit: Since the newest update, it will give the correct refund amount, HOWEVER- you have to enter all information, it will give an amount that is roughly $2,000 less than it should be. You then close the app and reopen it, and it shows correct amount. Have used this app for a few years, and has always been accurate. This year, however, it said I would be getting back $9,192. When i actually went to file my taxes, i was told i will only be getting $6,927. That is an inaccuracy of $2,265!
i have used this app for a few years and this is the first time ever it was wrong. I even messaged them on Facebook to tell them it was incorrect but they assured me it was up to date with the new tax reform. I guess they got enough complaints and fixed it within the last 2 weeks but it's still off. you also have to close the app and reopen it to get the correct refund amount otherwise it's the wrong amount until then. new updated number was close to my refund amount but off by 600 dollars.
Refund estimate was wayyy off. First it showed a really high number I knew couldn't be right, but hoped. Then when I went back in, it was lowered. I thought, ok. not bad! went and filed and it was still off 2k. disappointing. Normally its pretty accurate. I will Re-Rate next year at tax time. Edit for 2020 taxes. Estimate was exact. To the dollar.
Keep stop working ever time try it stop working instantly
App said I was getting 2k back when in fact I ended up owing 1700..dont trust this app! And yes I added all right info
Absolutely inaccurate. I entered the same info in TaxCaster that I did in TurboTax. TaxCaster told me I'd owe a lot to the IRS. Thankfully, it was wrong and the IRS owed me thousands. But if the app got it wrong one way, I'm positive it gets it wrong the other way too.
I have always used this app to calculate my tax return. This year the app is way off to the refund I am going to get. Like another reviewer said by $2000. maybe need to recheck calculations and update. Please. I like using this app and recommend it to everyone because it has always been so accurate.
It is WILDLY inaccurate for certain incomes. Like mine, where my gross incomes make me not qualify for EIC, but since the app ONLY asks for TAXABLE income it is saying I will get quite a bit in EIC. My taxable income is far lower than my gross since I have $100 a week in insurance, 55 a week goes to HSA, and 6% to 401k. There is about 11,000 difference between the two.
2020 version at this date does not show correct standard deductions based on age 65 and other years. Also, shows incorrect tax due for taxable income (online version also misses this). I hope they fix these.
this year the app calculated wrong my refund was $2500 less than it calculated and i did my taxes through turbo tax. tis the first year this has happened i have been using tax caster for 4 years. the past 3 years my refund was exactly what they calculated. and it calculated everyone i know that calculated them also is getting back less than what ot said.
I use this app every year & it is always 100% correct. However this year, I was told a lower amount then what this app told me & i was so disappointed to find out it was over 2,000 less that was owed to me...
horrible app for this years tax! (2018 tax payable 2019) app gave me a number that has alwayd been correct every year so I had planned around that number. I fill out my taxes today and realise its $2000 off! THATS NOT A SMALL NUMBER AND NOT OK! I WONT BE USING TT AT ALL EVER AGAIN TO FILE!
I spent all day building an Excel model of my 2018 taxes, then found this app. It matched my calculations to the dollar. I'm now much more confident in my understanding of the new tax law!
Simple to use, intuitive, and it was accurate to the exact amount i ended up getting back.
It might be right maybe once but as soon as you start changing things it's completely wrong on the tax according to the tax calculator me as a single person could make $20,000 and not owe a penny of taxes which is completely wrong anything over like 12,000 I will be paying taxes on
While it is quick and fairly easy, there are a few fill ins that do 0 good and I reccomend not even wasting the time to enter your info. Like that state taxes line. Waste of time
usually this app is almost exact with its estimations but this year when i put my info in it gives me an estimate and when i close and reopen the app the estimate is increased by $4000 i seen other reviews and answers indicate the 10.1 version is available but the app doesnt have an update. the last update was november 2018
First time using and was very very close. Remember this is just calculating basic information not everything. For us it was spot on!
trash app. doesnt work. want turbo tax back. the original that is no longer compatible with any of my devices.
Very wrong! This app showed a refund of $17,000!! I knew that was ABSOLUTELY WRONG! I use TurboTax anyway so when I did my taxes last week I knew we would not be getting a refund like that. It was $12,000 off from actual refund! And yes, I entered all info correctly into TaxCaster so I'm not sure how it came up with that number.