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Is there a way I can get AI to do my taxes?
Posted on 4/2/25 at 11:14 am
Posted on 4/2/25 at 11:14 am
If I show it my W2 and any other forms I have and tell it about my family and ssn's and whatnot can it go on one of these sites and do everything for me? Look for the best results?
Maybe even tell it to go into some gray areas and look for more money back?
It seems like this should be possible I'm just not on the cutting edge technologywise.
Maybe even tell it to go into some gray areas and look for more money back?
It seems like this should be possible I'm just not on the cutting edge technologywise.
5
Posted on 4/2/25 at 11:21 am to OysterPoBoy
How can you possibly be this lazy? If you're a W-2 without businesses (and receipts for what you probably believe are magic deductions), there are what, nine boxes from your W-2 you need to type into the free versions of H&R Block tax, etc.?
A legal forum used AI to analyze a number of cases on some esoteric railroad related shite, and came to the conclusion that AI is dangerous because it looks right... To people that don't know any better. The IRS is going to come after *you,* no matter what, and "AI told me it was OK" is an untested excuse you likely do not have the money to pay a lawyer to fight for you to prove.
A legal forum used AI to analyze a number of cases on some esoteric railroad related shite, and came to the conclusion that AI is dangerous because it looks right... To people that don't know any better. The IRS is going to come after *you,* no matter what, and "AI told me it was OK" is an untested excuse you likely do not have the money to pay a lawyer to fight for you to prove.
Posted on 4/2/25 at 11:28 am to LemmyLives
quote:
How can you possibly be this lazy?
If you knew me you wouldn't have to ask that. This isn't a question of laziness, it's a question of tweaking things here and there minisculely to get a little more money back. Nothing illegal, just loopholes and gray areas.
Posted on 4/2/25 at 1:39 pm to OysterPoBoy
Judging from the blatantly wrong results I've gotten plugging in retirement withdrawal tax optimization and simple traditional 401k tax questions, No!!
Free tax USA or other software is programmed to ask the right ?s to get your simple return correct. AI just ain't there yet.
Free tax USA or other software is programmed to ask the right ?s to get your simple return correct. AI just ain't there yet.
Posted on 4/2/25 at 1:41 pm to OysterPoBoy
turbotax does it pretty easily for cheap. little tedious but very easy.
Posted on 4/2/25 at 1:45 pm to OysterPoBoy
Unless it was a tool that also provided you the article of tax code that it is referencing, I wouldn't trust it even if it did exist. Most e-filing software already does this for you in some way. Not a fan of TurboTax, but I use FreeTaxUSA. Allows you to select standard deduction or itemize your deductions, as well as go through the most common breaks, credits, and deductions otherwise.
Generative LLM on its own is usually trained on a very broad set of data. You would have to find something that is either trained on tax code or grounded in it by using it as a data source, as well as the entire context of your tax situation. Unless you are a business owner with a lot of wiggle room I doubt the juice is worth the squeeze.
Generative LLM on its own is usually trained on a very broad set of data. You would have to find something that is either trained on tax code or grounded in it by using it as a data source, as well as the entire context of your tax situation. Unless you are a business owner with a lot of wiggle room I doubt the juice is worth the squeeze.
Posted on 4/2/25 at 1:45 pm to faraway
What I’m looking for is AI to learn everything about me and then do TurboTax for me in the way that makes me pay the least amount of taxes possible without undo skepticism.
Posted on 4/2/25 at 1:46 pm to OysterPoBoy
AI has too many morality guidelines to get you the best return
Posted on 4/2/25 at 6:40 pm to OysterPoBoy
I thought that’s what TurboTax did?
Posted on 4/2/25 at 7:33 pm to OysterPoBoy
quote:
f you knew me you wouldn't have to ask that. This isn't a question of laziness, it's a question of tweaking things here and there minisculely to get a little more money back. Nothing illegal, just loopholes and gray areas.
Loopholes and gray areas don’t really exist if you’re a W-2 employee.
Posted on 4/2/25 at 7:46 pm to OysterPoBoy
I’m looking for AI that can suck my dick while we are at it
Posted on 4/3/25 at 9:12 am to OysterPoBoy
Without providing sensitive info, I asked Grok to estimate my wife's 1099 taxes for this upcoming year. Last year our CPA said to pay $7,500/qtr. Grok says this year should be $800/qtr.
I am no tax expert but I was coming up with similar #s to Grok for 2024. My W2 gets taxed like a MFer. Bonus was taxed at 38%.
I am no tax expert but I was coming up with similar #s to Grok for 2024. My W2 gets taxed like a MFer. Bonus was taxed at 38%.
Posted on 4/3/25 at 9:16 am to CheesyF
quote:
I am no tax expert but I was coming up with similar #s to Grok for 2024. My W2 gets taxed like a MFer. Bonus was taxed at 38%.
Company should be taxing bonus at 25%
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