Can AI Help You Get a Better Tax Return? Just Asking…
Walter Shields
Helping People Learn Data Analysis & Data Science | Best-Selling Author | LinkedIn Learning Instructor
Are you dreading doing your taxes in the new year? Well, you may not have to worry any longer. AI has been making its way into the tax industry and it promises to make filing taxes easier than ever before. But can AI really help you get a better tax return? Let’s find out!?
AI and Taxes?
The use of artificial intelligence in the tax industry is nothing new. In fact, AI has been used by governments around the world for decades now. However, it wasn’t until recently that AI started to be seen as a viable option for helping individuals with their taxes. It turns out that AI can actually help taxpayers save money on their returns by identifying mistakes and potential deductions that they may have missed otherwise.?
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AI-Powered Tax Software?
In recent years, a number of companies have started offering AI-powered tax software packages. These packages are designed to make filing taxes easier than ever before by automating many of the tedious tasks associated with filing taxes such as data entry, calculation errors, and more. These programs also offer personalized advice based on your individual situation so you can get the best possible return on your investment in terms of time and money.?
Benefits of Using AI-Based Tax Software?
The benefits of using an AI-based tax software package are numerous. Not only do these programs save time and reduce errors, but they can also help identify deductions that you may not have thought about or even known about otherwise. Additionally, many of these packages come with features such as live chat support which makes getting help fast and convenient when needed. Finally, these software packages often come with additional features such as budget tracking tools which can be incredibly useful when trying to plan for upcoming expenses or investments.?
As you can see, there are plenty of reasons why using an AI-based tax software package could benefit you this year when filing your taxes. Not only does it save time and reduce errors but it also helps identify deductions that you may have otherwise overlooked or didn’t know about in the first place. If you’re looking for a way to streamline your tax preparation process this year then consider giving an AI-based tax software package a try – who knows? You may just end up with a bigger refund!