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How AI, Claude Are Helping Americans File Their Taxes
Bloomberg Television· 2026-03-20 12:46
The deadline for US taxpayers to file their return is just weeks away, whether they live in New York, London or Paris. But accountants may find their work drying up this year as budgets improve close to the point of being able to navigate the US tax system. Let's get more from Bloomberg's Charlie Wells.So, Charlie, that's quite the claim. The US tax system is particularly complex, I would say. Are they really these chat bots able to work it all out.People are starting to make inroads here. And what I would ...
After Years Of Paying Taxes Instead Of Getting A Refund, They Filed On Their Own And Got Back Over $4K. 'My CPA Has Been Robbing Me For Years'
Yahoo Finance· 2026-02-09 16:46
Core Insights - A taxpayer's experience of filing their own taxes using software resulted in a $4,346 federal refund, leading to a discussion on the necessity of hiring a CPA [2][3] Group 1: Taxpayer Experience - The taxpayer's realization that they could file their taxes independently sparked a debate on Reddit about the need for CPAs [3] - Many commenters argued that for W-2 employees with straightforward finances, hiring a CPA is often unnecessary [4] - Several individuals shared similar experiences, noting that their refunds matched those prepared by professionals, highlighting the simplicity of the process [4] Group 2: Perspectives on CPA Necessity - Some commenters defended CPAs, suggesting that just because individuals can perform their own taxes does not equate to being robbed by professionals [5] - A cautionary note was raised that a larger refund does not necessarily indicate a mistake by the CPA, as recent tax law changes may have contributed to increased refunds [6] - It was emphasized that doing taxes independently does not guarantee accuracy, and the complexity of tax laws should not be underestimated [6]