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Get your taxes done using TurboTax
As a former IRS Revenue Agent, I thing this change is the best thing to happen. I don't know how many times during an audit of a taxpayer who used TurboTax who would falsify report income or deductions because of the running total. Taxpayers have told me that they didn't report W2 income because the amount of tax due went up. Or after seeing the tax due go down or refund amount go up after adding a deduction. I remember several times where a taxpayer would deduct $200,000 or $300,000 as charitable contributions simply because they saw the refund amount go up.
‎April 15, 2024
11:06 AM