Hate Doing Your Own Taxes? There’s an App for That
Disclosure: This article contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For a full explanation of our Advertising Policy, visit this page for more information.
Thanks to TaxChat for sponsoring this post. All opinions are 100% mine.
Do you hate doing your taxes? I hate to break it to you, but there are just three short weeks until tax time comes to a close. Taxes aren’t the most enjoyable thing to do, nor are they always the simplest to understand, making it easy to put them off.
You’re left with two options – either do your own taxes or pay $400, $500 or more to have someone do them for you. What if you don’t fall in either camp? Thankfully there is an app for that – TaxChat and it can help you prepare your taxes with little time or effort on your part.
How Does TaxChat Work?
If you’ve done your own taxes in the past you know the drill. You sit down with a bunch of paperwork and plod through a software program to get them done yourself. All the while, you’re hoping you’re doing them right.
Enlisting the aid of a tax preparer doesn’t relieve you of all the work though; you still have to collect your paperwork, meet with the preparer and pay a bill when your taxes are done.
The TaxChat app is considerably different. Think of TaxChat as the Uber of tax preparation. In fact, they market themselves that way. You can get your taxes done from the convenience of your smartphone (they’re iPhone only and will be adding Android capabilities next tax year – you can download the app here). You take a picture of tax documents like your W-2’s or 1099’s and send them to TaxChat through their app.
Once you send in your paperwork you answer 14 simple questions. Examples of those questions are:
- Did you have a job last year?
- Did you have a mortgage?
- Did you move last year?
The app then does three things:
- It gives you a fixed fee, which does not change
- It tells you the exact documents you need
- It automatically connects you with a vetted tax preparer via chat
It sounds too good to be true, but it is a genuinely slick way to get your taxes done by a professional for a fraction of the cost. That’s also not to mention it all happens from the convenience of your phone with no meetings or wading through tax forms on your own. Payment is handled over your phone and all documents are stored securely so you never have to meet with anyone, which only maximizes your time savings.
My Take on TaxChat
I have to admit the idea of TaxChat is intriguing. I’ve spoken with people who are uncomfortable doing their own taxes but don’t want to spend the money it takes to have someone else do them. TaxChat helps meet the demand to save money while also providing confidence that they’re done correctly.
The one thing that really sticks out to me about TaxChat is their preparers. Each preparer has been doing taxes for five years or longer and is independent – unlike what you’d find through someone like H&R Block or Jackson Hewitt. That aside, the idea of getting taxes done without having to meet anyone is a pretty intriguing idea and a huge time saver.
TaxChat is also currently running a promotion where you can win $1,000 plus have your taxes prepared for free. Simply tweet the following statement: “I’d rather be ______ than doing taxes.” You can click here to see details of the contest.
Have you started on your taxes yet? What’s your least favorite part of preparing taxes? Would you do your taxes over the phone like this?
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.
Latest posts by John Schmoll (see all)
- Lively HSA Review: One of the Best HSA Providers for 2019 - March 15, 2019
- Amazon Fire TV Stick Review – A Cord Cutting Solution? - March 13, 2019
- Hulu With Live TV Review: A Great Option for Cord-Cutters! - March 13, 2019