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After you file
Great for you. However, I have found at least 3 (as a non-tax person) glaring errors! And those are areas that I was aware of. Wondering about the accuracy of the software at this point.
For instance the CARES Act allows up to $300 charitable contribution deductions, even if you don't itemize. When filling in the information, the software told me about the availability (which I already knew). However, when it came time to review, the review indicated that I COULD NOT take the deduction because I did not itemize.
Second error: they state that one must begin taking distributions from retirement accounts at age 70 1/2. This has changed to age 72. And, there is legislation in Congress to increase these ages even further.
May 16, 2021
8:38 AM