I just turned in my federal income taxes.

[progree]

8. Do these things calculate the other fields?

Last edited Sat Apr 15, 2023, 05:28 PM - Edit history (1)

I took a glance at it
https://www.irs.gov/e-file-providers/free-file-fillable-forms

and it said "limited basic calculations"

My taxes have so many calculations that I can't imagine getting everything right by doing most calculations by hand and filling it all in. All the extra forms like the Social Security worksheet and the Qualified Dividends and Capital Gains Tax Worksheet, Form 1116 Foreign Tax Credit (and its own Schedule B totaling 4 pages), Form 8606 (because I've had non-deductible IRA contributions), Form 8995 (Qualified Business Income Deduction Simplified Computation [LOL]), Qualified Business Income Deduction Summary, Capital Loss Carryforward Worksheet, and some more. I'm just astonished at the number of intermediate calculations involved.

I've used TurboTax for 5 years now, before that CPAs since the beginning.

I also have a state income tax (Minnesota), though I'd be game to tackle that by hand if I had my federal done reliably. (Edited to add: I've been using TurboTax for the state too. The extra $54 for the state is worth it to avoid making mistakes and missing out on something that can lower taxes, and perhaps less hassle ).