As of my knowledge cutoff in September 2021, I am not aware of any specific tax changes or delays specifically related to Cash App. However, tax laws and regulations are subject to change, and it's possible that developments have occurred since then.
To stay updated on any tax changes or delays that may impact Cash App or any other payment apps, it is advisable to consult official sources such as the Internal Revenue Service (IRS) website, tax professionals, or reputable news sources. These sources will provide the most accurate and up-to-date information regarding any changes or delays in tax policies.
Cash App Taxes Review: Free and Convenient Filing
Cash App Taxes provides a simple, secure and free tax e-filing alternative. Taxpayers with relatively simple returns will benefit from its easy-to-use interface.
Cash App Taxes Overview
The complex and time-consuming drudgery of yearly tax filing got a little easier with the coming of the internet and electronic filing. The Internal Revenue Service began accepting e-filed tax returns in 1986, when 25,000 returns were uploaded by five tax preparation services. During the 2022 filing season, the IRS processed 151 million e-filed returns from taxpayers looking to streamline the filing process and get faster refunds.
Cash App has been offering an electronic tax filing service since November 2020, when its parent company, Square (now Block), acquired and rebranded the tax service provided by Credit Karma. The service’s name changed from Credit Karma Tax to Cash App Taxes in October 2021.
Key Features
GOBankingRates measured four essential attributes of tax e-filing services — cost, simplicity, security and accuracy — and came up with a rating placing Cash App Taxes among the leaders in this personal finance category.
Cost
No taxpayer wants the e-filing process to add to the financial burden of paying taxes. Although many authorized e-file providers claim to offer a free-of-charge experience, many upsell their services in the case of more complicated returns. Cash App Taxes stands apart for charging no fees for additional schedules or higher levels of service.
Cash App does not charge upgrades for:
Itemized deductions listed on Schedule A
Investment income listed on Schedule B
Self-employment income listed on Schedule C
Competing services also may charge for e-filing of state returns, while Cash App allows one free state return. As of January 2023, Cash App supports state returns for 40 states and Washington, D.C., but it only supports joint returns for married taxpayers in community property states. Users must file federal returns in order to get state returns filed.
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