Spent $300 on a financial planning software and it missed my biggest tax deduction

I used it for my freelance income last April and it never flagged the home office credit until my accountant caught it, so has anyone else found these tools just aren't built for self-employed people?

3 comments

3 Comments

beth_reed1mo ago

Self employed 15 years and I quit using those programs after year two.

lucasschmidt1mo ago

Yeah but the spreadsheets fight back less than the software does.

julia_anderson1mo ago

Oh man, same problem here. I tried two different software packages last year and both missed my mileage deduction completely. My accountant found over $2,000 in write-offs that neither program even asked about. They're just not built for us freelancers. I stick with a good spreadsheet and my accountant now.