Tax season has arrived and let me tell you…it’s going to be a doozy. Because of the pandemic that hit us hard, filing taxes aren’t going to be as simple as you may think. TurboTax and H&R Block are trying to make it easier by making everything simple and available online. For instance, TurboTax is offering some help with agents on their website. But the twist is…it’s for a price.
Now you may be thinking, “What?! I have to pay for help for something that I might have to pay an arm and a leg for?” To put it simply, yes. TurboTax offers a free tax filing feature for those who make under a certain amount and don’t have deductions to mark on their taxes. However, if you have student loans you want to deduct from your taxes or any other things you need a deduction on, you have to pay a pretty penny for. And the more features you want, like talking to an agent for help or assistance of any kind, it’ll be extra.
It’s predicted that tax websites like TurboTax and H&R Block will make a lot of money this year. More people are going to need the help filing their taxes especially because the pandemic made it so difficult. Aside from filing regularly, you have to worry about stimulus checks, unemployment benefits (which is taxed and might cost you a lot), and much more.
The year of 2021 seems to only get better and better. Even though it is a new year, we are still dealing with the horror of 2020.
What are your thoughts on the upcoming tax season? Let us know down in the comments.
This article originally published on GREY Journal.