Money App Taxes Evaluation 2022: Totally Free On-line Tax Software program for Everybody

Money App Taxes presents “free for everybody” tax preparation software program.

Naomi Antonino/CNET

This story is a part of Taxes 2022CNET’s protection of the most effective tax software program and all the things else it’s essential get your return filed rapidly, precisely and on-time.

Money App Taxes makes its debut this 2022 tax season. The web tax software program previously generally known as Credit score Karma Tax retains the performance and options of the outdated software program with a barely new design and new branding.

Not solely does Money App Taxes keep away from the tiered cost plans of its on-line tax software program opponents, Money App Taxes avoids cost altogether. The whole service is totally free, even for self-employed tax filers or these with difficult tax conditions like crypto gross sales or rental property. Money App Taxes additionally throws in a state return at no cost, one thing that none of its free-filing opponents can provide.

Money App Taxes requires the set up of the Money App cell software program on a telephone or pill, and it does not embrace the intensive assist and assist of business tax software program leaders like TurboTax and H&R Block. Money App Taxes does present strong contextual assist in addition to technical assist from actual people through stay chat, however there isn’t any skilled tax or telephone assist.

Should you’re in search of a approach to file your 2021 tax return fully free, make sure to give Money App Taxes a superb look.


  • 100% free for one federal and one state return
  • Polished cell app
  • Free audit protection
  • Max Refund and Correct Calculations Ensures

Do not Like

  • No a number of state returns
  • Difficult desktop login
  • Cannot import W-2 or 1099s
  • No skilled tax recommendation

How does Money App Taxes work?

To make use of Money App Taxes, you obtain the Money App cell software program and create a Money App account, utilizing a legitimate electronic mail deal with or telephone quantity. The onboarding course of may also ask for a debit card to attach with the account, nevertheless it’s not essential to proceed.

From Money App’s cell app, you may entry Money App Taxes by means of the banking tab: Underneath the Taxes part, discover the hyperlink for Free Tax Submitting. An interstitial display presents File Now or Estimate Refund buttons in addition to a hyperlink for customers who’ve filed with Credit score Karma Tax in earlier years.

After verifying your id together with your Social Safety quantity, the app will ask you to create a password particularly for Money App Taxes, not Money App typically.

Money App Taxes presents a wide array of IRS varieties and schedules, however its interview-style submitting course of is kind of bare-bones. There is not any navigational define — you will have to journey again to the Tax house web page to entry completely different components of your return. Technical assist and tax assist content material are likewise restricted. A query mark icon is on the market for all the shape entries, however directions are transient and sometimes hyperlink off to the IRS website for extra info.

The FAQ on the assistance slide-in panel solely hyperlinks out to the primary Money App Taxes assist web page at Stay chat for web site points and primary tax questions is included right here, however there isn’t any telephone assist or assure of speaking with a tax skilled.

run Money App Taxes on a desktop

You should utilize both a cell system or your laptop to file with Money App Taxes, however the login course of for the browser-based software program is exclusive. Each time you log in to the desktop model, you could snap a QR code with the Money App cell app after which enter your Money App Taxes password in your cell system. You must use the cell app and password each time you log in to the desktop model.

As a result of Money App Taxes does not assist importing varieties, you possibly can be getting into plenty of information by hand, which works significantly better with a keyboard. The desktop login course of is a minor annoyance, nevertheless it might turn out to be more and more irritating when you’re engaged on a protracted return or logging in typically. Money App Taxes does permit picture seize of W-2 varieties, however I used to be not capable of entry that characteristic through desktop internet browser (Chrome or Opera) or Android pill.

Whereas you should utilize Money App on each the cell app or a desktop, switching between the 2 platforms could trigger a number of hiccups. Though info like dependents and charitable deductions synced instantly, W-2 info took about an hour to switch from the cell app entry to the browser-based model. We additionally skilled some ugly error screens very often when switching between the cell app and browser software program.

Who’s Money App Taxes greatest for?

Skilled Money App customers ought to strongly take into account the free Money App Taxes software program. The tax interface is built-in effectively into the cell app, and filers with easy returns might full the method in a couple of minutes.

Money App Taxes is greatest suited to DIY people who do not want a lot hand-holding by means of the submitting course of, since there isn’t any assist for a few of the extra difficult varieties, {and professional} experience is nonexistent.

Former Credit score Karma Tax customers also needs to give Money App Taxes a strive. Your tax returns from prior years are straightforward to entry and the software program is nearly an identical to Credit score Karma Tax.

Who ought to look elsewhere?

These wanting tax assist ought to look elsewhere. Money App Taxes has an enough assist part and stay chat for easy technical and tax questions, however no assist by tax professionals.

Freelancers with a number of 1099 varieties also needs to strive one other tax service. In contrast to opponents, Money App Taxes does not assist importing varieties aside from previous-year tax returns, so you will should enter every of them manually.

Listed here are a number of of the opposite tax conditions not supported by Money App Taxes:

  • A number of state returns
  • Nonresident state returns
  • Elevated commonplace deduction
  • Overseas earned revenue
  • Married submitting individually in group property states

The Money App Taxes assist portal has separate pages for a full record of federal varieties and conditions that it helps and varieties and conditions Money App Taxes doesn’t assist. You’ll want to assessment the lists earlier than getting began to see if Money App Taxes will give you the results you want.

Is Money App Taxes actually free?

Sure, Money App Taxes is free. In actual fact, there isn’t any alternative to pay for the service or improve for premium assist. The product earns cash by means of focused promoting for different monetary companies.

Money App Taxes additionally generates customers for the cost service Money App, which makes cash in a wide range of methods, corresponding to retailer {hardware} charges, transaction charges, promoting bitcoin and web curiosity lending.

What is the distinction between Money App Taxes and Credit score Karma Tax?

Credit score Karma Tax was a free tax service initially supplied by finance firm Credit score Karma, which offered the tax service to Money App in November 2020. Money App’s company proprietor Block acquired Credit score Karma Tax on the finish of 2020. This yr marks the primary tax season for Money App Taxes.

Money App says the brand new service has all the identical options as Credit score Karma Tax, however with a brand new identify and branding. The software program does appear to be almost an identical in performance, and the design even retains the spare feel and look of Credit score Karma Tax. Apart from the identify, the one apparent distinction in software program is the QR code login course of.

Should you’ve filed with Credit score Karma Tax earlier than, you will get your previous returns by visiting the Tax Returns part of Money App Taxes. If you have not used Credit score Karma Tax, you will have to add PDFs as a way to embrace data from previous returns.

Different notable options in Money App Taxes

Money App presents two ensures: Correct Calculations and Most Refund. The Correct Calculations Assure can pay as much as $1,000 if Money App Taxes makes an error that ends in IRS penalties.

Money App Taxes additionally gives one yr of audit protection at no cost. Should you determine to file with Money App once more in 2023, the audit protection safety extends to 3 years.

Taxpayers can file digitally or print their returns to file by means of the mail. Money App Taxes recommends utilizing the desktop model for printing varieties. Tax refunds will be added to your Money App account, put into your financial institution with direct deposit or delivered through test within the mail.

Money App Taxes’s stay chat characteristic is staffed by people and obtainable 12 hours day-after-day, from 8 a.m to eight p.m. PT (11 a.m. to 11 p.m. ET). There is a wait time to talk stay with a Money App Taxes consultant, however in a number of tries, our longest wait was lower than 2 minutes. That wait time might improve enormously as April 18 will get nearer.


Money App Taxes gives a easy cell possibility for filers in search of a free model that does not skimp on varieties and schedules. The dearth of complete tax assist makes it a better option for DIYers and taxpayers assured of their skill to file their taxes. Money App customers who have already got the cell app put in and are not excluded by Money App Taxes’ restrictions don’t have any purpose to not give it a spin.

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