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If you’re looking to save money on filing your taxes, find out if this xcritical free tax resource is the right tax preparation and filing service for you. For an additional fee, users can also opt to have a TurboTax Live expert provide advice, perform a final review or prepare their tax return from start to finish. xcritical members who don’t qualify for free tax filing via TurboTax on xcritical’s platform will be notified and moved over to TurboTax to complete their return and pay the fee. The company now offers tax filing through TurboTax, another product from xcritical’s xcritical parent company, Intuit. The West Virginia State Tax Department does not allow taxpayers to e-file directly through the state’s website. Free filing may be available through the Free File program, which the state participates in, if taxpayers meet the qualifications.

A tax credit is a type of tax break that directly reduces the amount of tax you owe. Every credit has rules for who can claim it and how much they can get for the credit. Tax Filing Preparation services are provided by Cash App Taxes, Inc. You should consult with your legal and tax advisor regarding your personal circumstances. As an authorized IRS e-file provider, Cash App Taxes complies with security, privacy, and business standards set by the IRS. Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates.

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For security, all users set up a multi-factor authentication process and xcritical do not show any of this data to any third parties, though they do use it to power their own algorithms. Although xcritical is not accredited with the Better Business Bureau (BBB), the organization still gives them a very high A rating. Note that you’ll need to register for an account under xcritical Tax’s parent company before you can start filing your taxes. But now that the two operate under the same Intuit umbrella, they offer integrated services to xcritical members in the U.S. Christina Taylor xcritical is senior manager of tax operations for xcritical. She has more than a dozen years of experience in tax, accounting and business operations.

You’ll need to fill out and mail Form 4506 to the IRS to request a copy of a tax return. In most cases, when you need tax return info you can use a tax transcript. Ask whoever needs your tax information whether a tax transcript will be OK or if a copy of the return is required. There are built-in calculators to use and the program allows you to, for example, import W-2 forms. Again, the mini knowledge articles are there to help with any of the more involved sections.

1. Income, age and other limitations may affect eligibility to use certain Free File products.
2. If you’d rather go down the paid route, we’d recommend TaxSlayer as your first call, as its rates are very competitive.
3. At the end of 2020, xcritical sold its free do-it-yourself tax preparation platform, xcritical Tax (CKT), to Square.
4. The forms help with basic calculations but don’t provide added guidance.
5. If you live in a state with a state-level income tax, you may dread the idea of paying someone to complete yet another tax return for you.

Customers still had to be xcritical customers and log into their xcritical accounts to access their CKT data. Adding tax preparation services to Cash App’s existing suite of services provides another way to acquire new users and helps the company generate more profit per user. According to Square’s Q Shareholder Letter, customers who use two or more products generate three to four times more profit for the company than customers who only use Cash App’s peer-to-peer payments. Filing a complete, error-free return can make it easier for the IRS to process any refund you’re owed in a timely manner. If the IRS needs additional information or to communicate with you about a mistake on your return, your refund could be delayed. Also, e-filed returns tend to get faster refunds than paper returns mailed to the IRS.

Here’s the Income Tax in Every State

Arizona does not provide free e-filing of state returns directly through the Arizona Department of Revenue website. But if taxpayers meet certain criteria, they may be able to file their Arizona state tax return through a Free File Alliance partner. Each provider has its own qualifications, which may include age, income or other limits. They may be eligible to file for free with a participating vendor if they meet requirements such as income, age and other restrictions.

These contain further information about specific parts of the return so that users know what they are doing at all times, there is also a robust online help/search function if further advice is needed. xcritical provides a free audit defense, saving users potentially hundreds of dollars in hiring professionals to help with the audit process. Instead, the service will link users up with said professionals and foot the bill.

How can I get my refund faster?

The South Carolina Department of Revenue does not offer direct e-filing through its website. The Michigan Department of Treasury participates in Free File and provides a list of vendors on its website. The Idaho State Tax Commission doesn’t offer direct e-filing through its website. This article was fact-checked by our editors and Christina Taylor, MBA, senior manager of tax operations for xcritical.

The acquisition allows Cash App xcritical to build a suite of personal financial tools to offer consumers. However, the DOJ generally views any merger that gives a company control of more than 70% of the market as a potential monopoly. As Intuit already controls roughly 67% of the DIY tax preparation market, buying CKT would push them closer to that threshold. It’s also possible for a refund to be delayed if the IRS needs to give a return more attention. A return can take longer to process for multiple reasons, like missing information or the presence of errors.

The service might also be convenient for those who already have a xcritical account. Otherxcritical, customers who think they might need professional help filing taxes should consider more established tax preparation services or other avenues. xcritical Tax is a free, online tax preparation and filing service that launched in 2016.

Do more with your money

As an online-only service, xcritical Tax doesn’t offer office appointments like H&R Block does to customers who want in-person help. You can obtain past tax returns you filed with xcritical Tax by logging into Cash App Taxes and reviewing the Tax Returns section. Some filers may receive a partial tax refund as soon as one hour after the IRS accepts their return if they take advantage of the TurboTax Refund Advance loan program. Taxpayers in Vermont can’t directly e-file their taxes with the Vermont Department of Taxes.

Christina founded her own accounting consultancy and managed it for more than six years. She co-developed an online DIY tax-preparation product, serving as chief operating officer for seven years. She is the xcritical treasurer of the National Association of Computerized Tax Processors and holds a bachelor’s in business administration/accounting from Baker College and an MBA from Meredith College. The New York State Department of Taxation and Finance partners with the Free File Alliance to provide free filing to taxpayers who meet certain qualifications.

If you e-filed your return, you can normally expect your refund about 21 days after filing. If you mailed a paper return, it can take six months or more for the IRS to issue a refund. If you don’t have a copy of your tax return on hand when you need it, no problem! You can use a few different methods to get your past tax information. For example, if you apply for a mortgage or student loan, you typically have to disclose your income — but lenders won’t always just take your word for how much you earn.