5 ms·
If one has a simple tax situation, I'd recommend looking at Credit Karma (US) or SimpleTax (Canada). Unfortunately, I've found TurboTax is better with weird co
by cbhl 9y ago
If one has a simple tax situation, I'd recommend looking at Credit Karma (US) or SimpleTax (Canada).
Unfortunately, I've found TurboTax is better with weird corner cases. It helped me figure out I was eligible for the American Opportunity Tax Credit (US citizen going to university in Canada) which alone was a few thousand dollars that I would have missed if I had filed a 1040-EZ on paper. It has handled 401k->roth rollovers and cost basis, reporting capital gains (when I divested from Bitcoin), paying taxes on Canadian RRSP capital gains, and sales of Restricted Stock Units. I'll probably pay to use it for the foreseeable future.
In Canada, the tax system is less arcane, so the tax software companies have to give it to university students for free to get them hooked. It's too bad that even if I move to another country, I'll have to file US tax returns for life.
- ams6110 9y agoI would always advise filing the full 1040 even if the EZ would work for you. If your tax situation is simple you leave most of the lines blank, but it will prompt you to check out a lot of stuff that you would never see if you filed an EZ, including the American Opportunity tax credit.