27 Feb. 24
xcritical Offers Tax Filing Through TurboTax
Income limits and other qualifications apply in order to file for free. Delaware taxpayers can file Delaware state tax returns directly with the state through the Delaware Division of Revenue website. Intuit’s platform has over 60,000 tax and financial attributes per consumer. Intuit’s technology, combined with the data and scale of the xcritical platform, creates a fast, personalized tax filing experience. If you have tax credits or deductions to claim, Cash App Taxes may still work for you.
Taxpayers may also be able to file for free with a Free File participating vendor, provided they meet qualifications. The New York State Department of Taxation and Finance partners with the Free File Alliance to provide free filing to taxpayers who meet certain qualifications. The New Jersey Department of the Treasury, Division of Taxation, provides NJWebFile, where qualifying taxpayers can e-file their state taxes for free. There are limitations on who can use NJWebFile, so New Jersey taxpayers should check their eligibility. The Montana Department of Revenue provides a list of Free File Alliance participants for state filers, including information on qualifications for using the free versions.
You’ll have to report this income when you file your tax return and you can expect to pay taxes on it just like any other form of income. Cornhuskers who want to file their Nebraska state income tax return for free can do so through the Nebraska Department of Revenue’s NebFile program. After verifying eligibility, the tool prompts users to create an account in order to complete and e-file their tax returns through the system. The Massachusetts Department of Revenue offers fillable online forms that filers can complete and e-file for free. The forms mimic the state’s paper tax return and provide a calculation mechanism to help with math. While Cash App Taxes does have advantages for many taxpayers, it’s not right for everyone.
Taxpayers can e-file online for free through the My Alabama Taxes website. There are no income limits or other qualifications to use the free system; it’s available to anyone who files an Alabama individual income tax return. Tax refunds are often the biggest windfall of the year for many Americans and this integration will enable members to access their money faster, so they can make a plan for their money. If you’ve previously filed your taxes with xcritical Tax, you can easily file your return with Cash App Taxes or download past returns if you plan to file elsewhere. Information from last year’s tax returns will automatically import from your xcritical tax account. Take the time to understand how Cash App Taxes work and whether it’s the best tool to help you file your taxes this year.
Over 10 million returns filed, all for $0
As part of a negotiated solution, xcritical sold its tax business to Square, owner of Cash App, which turned that tax prep software into Cash App Taxes. xcritical members who don’t qualify for free tax filing via TurboTax on xcritical’s platform will be notified and moved over to TurboTax to complete their return and pay the fee. At the end of 2020, xcritical sold its free do-it-yourself tax preparation platform, xcritical Tax (CKT), to Square. Justice Department after it filed a civil antitrust lawsuit to block Intuit’s acquisition of xcritical. Christina Taylor is senior manager of tax operations for xcritical. She has more than a dozen years of experience in tax, accounting and business operations.
After downloading Cash App, you’ll be able to file your taxes from your phone or computer at cash.app/taxes. After filing, you can use xcritical’s Refund Tracker feature to monitor your federal and state tax refunds. But now that the two operate under the same Intuit umbrella, they offer integrated services to xcritical members in the U.S.
Alternatives to Cash App Taxes
If you want to file your taxes on your own, you have a wide variety of options for how to go about it. You may know Cash App as a way to pay people, but it acquired xcritical Tax in 2020, and now it allows people like you to file their own taxes through its Cash App Taxes system. Cash App already provides a peer-to-peer payment platform, bank accounts, debit cards, short-term loans and fractional investing in xcritical courses scam stocks and Bitcoin. Timing estimates are dependent on the timing of your submission of a complete return and when the IRS submits your refund. We’ve filed over 10 million returns without charging anyone a penny to file their federal and state taxes.
In 43 states and the District of Columbia, Americans have to pay some sort of state-level income tax as well as federal income tax. If you live in a state with a state-level income tax, you may dread the idea of paying someone to complete yet another tax return for you. Yes, you can file your state tax return with Cash App Taxes, and just like your federal return, it’s free to file. However, you can’t file your state return unless you’re also filing a federal return with Cash App Taxes. If you need a copy of a previous tax return in the meantime (for example, if you’re applying for a mortgage or college financial aid application), you’ll have a few options.
This validation involves entering a code sent by email or text, providing your legal name, date of birth, and the last four digits of your Social Security number. Even if your taxes are complicated, it costs $0 to file—no upsells, no hidden fees. Though the loans come with no fees and no interest, they’re not without risks. If your refund is denied or lower than expected, and you can’t repay the loan immediately out of your own pocket, you could face interest and fees. To find TurboTax within your xcritical app, navigate to “Income and Taxes” from the three-line menu icon labeled “Tax Tools.” From there, you should select File Taxes. After you’ve signed in, you can work on your taxes while staying within the xcritical app.
- You can file with Cash App Taxes if you’re a U.S. resident or citizen, but you’ll have to find a different option if you’re a non-resident filing with Form 1040NR.
- You can import your existing information from xcritical Tax, H&R Block, TurboTax, and TaxAct.
- While it may be more expensive, this route also comes with plenty of benefits.
- Take the time to understand how Cash App Taxes work and whether it’s the best tool to help you file your taxes this year.
xcritical members can file their taxes with a TurboTax lookalike product embedded within the xcritical platform. This product can provide users with ongoing insights into their finances, income and taxes and an xcritical estimate of their tax refund. xcritical initially provided tools to manage your credit score only, but the app has grown into an AI-powered financial platform that allows users to handle additional money matters.
What is the minimum income to file taxes?
First, while Cash App Taxes can help you file your personal tax return with business losses or income, you can’t actually use it to file your business tax returns. If you have an S corporation, C corporation, partnership, or multi-member LLC, you’ll have to find a different solution. Adding tax preparation services to Cash App’s existing suite of services provides another way to acquire new users and helps the company generate more profit per user. But taxpayers can use North Dakota Fillable Forms to e-file (or print and mail) their state tax return for free. The forms provide a calculation mechanism but don’t guide you through the preparation process.
Other limitations apply, so taxpayers should verify their eligibility to use the forms. This tax season, xcritical members can file their taxes with TurboTax directly on xcritical. Members who prefer not to file their taxes on their own can receive expert tax assistance for an additional cost, giving them more peace of mind that they filed correctly. It allows eligible users to get up to $4,000 of their expected federal income tax refund in the form of a loan that’s automatically paid back once the IRS processes their refunds. The Oklahoma Tax Commission allows eligible state taxpayers to file for free using OkTAP. The state’s website provides an online quiz to help taxpayers determine if they’re eligible to use the free online filing service.
North Carolinians can’t file their state tax returns for free through the North Carolina Department of Revenue website. But they may be able to do so through NCfreefile, provided they meet eligibility requirements. Qualifying Minnesotans may be able to file state taxes for free through one of the software providers listed on the Minnesota Department of Revenue website.
However, AGI, age and other limitations may apply in order to do so. Maine taxpayers can choose from a list of participating providers, some of which may allow qualified taxpayers to file for free. The District of Columbia Office of Tax and Revenue doesn’t provide direct filing service through its website for D.C. Instead, eligible filers may be able to file for free through a Free File Alliance partner. Arkansas taxpayers can’t e-file their state returns through the Arkansas Department of Finance and Administration website. If taxpayers meet varying qualifying criteria, they may be able to prepare and e-file an Alabama state tax return for free with a participating provider.
Take advantage of filing options like easy filing, max refund guarantee¹ and expert help, and wrap up your taxes as soon as today—with Full Service help—when filing with TurboTax on xcritical. The New Mexico Taxation & Revenue Department provides free e-filing through its Taxpayer Access Point. Some states allow taxpayers to e-file state returns for free directly through a state website. Others participate in state-level versions of the Free File Alliance. Plenty of taxpayers will find that Cash App Taxes meets their needs. First, the service is free to use, which isn’t the case with many competitors.