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Should You do Your Taxes on Your Phone?

Should You do Your Taxes on Your Phone?

Another year has rolled around, and soon, it will be time to settle your taxes. While your various tax return forms would be coming in the mail, you will have to determine beforehand how you will go about filing your tax returns. Whether you will enlist the help of a professional or if you would like to do it yourself if your taxes are pretty straightforward. If you're opting to go the DIY (Do It Yourself) route, then you will find it worthy of note that you can carry out the process efficiently with your mobile device.

This article will cover the pros and cons of doing your taxes with your mobile device and recommend several apps for the process.

Filing my taxes on my mobile device: Good or bad?

Filing your tax returns on your mobile device might not seem a popular idea or even a viable one.

However, there are some actual benefits to filing your taxes with your mobile phone.

These include;

  1.  The ease of access

More than two-thirds of the world's population owns a mobile device. But, the same thing cannot be said for desktops or laptops. Also, the apps to carry out the tax filing process can easily be gotten from the device's app store, and they are suitable to operate on the go.

  1. The process is fast

Continuous usage of the mobile tax app would leave you savvy with the filing process, including the advantage of having some of your information already stored and the document scan features that the apps come with, unlike computers. As a result, the whole process will be a breeze through, and your taxes will get done in a jiffy.

  1. You can get instant access to a customer care agent via live chats 

Any issues you run into while filing your taxes can get sorted out with the click of a button. Video chats are available, and tax professionals like lawyers or accountants, would be on hand to walk you through the tax filing process. However, they will not be privy to any of your personal information.

Some downsides to using your mobile to file for taxes include:

  1. You expose yourself to security risks. 

When filing for your taxes using your mobile, there is provision for you to upload your tax forms and schedules, and important data like your Social security and contact details are also uploaded. If, on occasion, you lose your phone or it gets stolen, and you have not erased your sensitive information as soon as you were done with your taxes, that information could be used against you or for evil purposes.

  1. If there are many twists and turns regarding your taxes, then filing them through your mobile device might not be a good idea. 

Suppose you own a business or trade cryptocurrencies or carry out transactions with them, or you made a recent major purchase, such as acquiring a home. In that case, your taxes may be a bit complicated, and filing them through your mobile device might be a frustrating venture.

  1. Some features present on computers may be cut out when the same application is shrunk to fit a mobile device

As a result, depending on your tax filing status and requirements, some of those excluded features on mobile might make your tax filing a little more complicated, as they might be needed for your specific case/situation. On the other hand, the difference might be a particular limit in size for file uploads, leaving you stuck and looking for the nearest computer to continue with your filing process.

If filing for your taxes on your mobile doesn't seem like such a bad idea and your taxes are pretty straightforward, then below are some apps that you might want to consider trying out.

  • TaxSlayer

  • Turbo tax

  • H&R Block

  • Credit Karma



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