For many Americans, spring is a time for gentle rain, blooming flowers, and new beginnings. Unfortunately, it is also when taxes are due. And for many Americans, tax time comes with a significant amount of stress. And with a month left to file, if you haven’t already, you’re probably starting to feel the pressure.

If you’re still on the hunt for a tax prep service, consider Cash App Taxes. Formerly known as Credit Karma Tax, Cash App Taxes is now owned by Cash App, a peer-to-peer money-sending platform that allows people to send and receive money instantly.

Cash App Taxes is fast, easy, and most importantly, free!

Have I piqued your interest? Keep reading to learn how Cash App Taxes works and if it makes sense for you.

How Easy Is It To File Taxes With Cash App?

Although Cash App Taxes may not have all the advanced features offered by services such as H&R Block or TurboTax, it is a great option for most common tax scenarios, including income from investments, small businesses, and side gigs.

You can file both your state and federal taxes for free, and it’s easy to complete the process on your computer or via the app — you will need to download the app and sign up for Cash App first before you can file with your computer, and not all state returns can be filed through the app.

At the start of the tax filing process, Cash App Taxes has users fill out a short questionnaire to help streamline and personalize the tax filing process. This can help you avoid wasting time reading through documents you don’t need for your tax situation.

Cash App Taxes supports most common IRS tax filing documents, including schedules, deductions, and credits. You can easily import W2s by uploading a photo of them, and you can import your previous year’s tax return filed with other services, specifically TurboTax, H&R Block, and TaxAct. For all other forms, you will need to fill them out manually.

All federally recognized filing statuses are available, so you can file as single, jointly, married but separate, a surviving spouse with a dependent, or as head of household.

Filing with Cash App Taxes also means that you can choose to have your refund deposited into your Cash App account. Why is this important? You could get access to your refund money up to six days earlier! So, if you’re banking on that refund windfall to help with an upcoming expense, this tax filing option can get it to you a little faster. You can also have the option of having your refund deposited in your checking account or sent to you via mailed check.

Cash App Taxes also offers free audit assiatnce. If you are audited by the IRS and are eligible for its Audit Defense service, you will be appointed a representative who will support and assist you through the process. However, Cash App’s Audit Defense does not apply to corporate or partnership returns.

Are There Income Requirements For Free Filing?

Cash App Taxes is 100% free. Unlike the IRS Free File and its partnering services, which limit free filing to those within a certain income bracket, Cash App Taxes does not charge any fees. There are no multi-tier tax filing plans or upselling. It offers one simple plan that is free for everyone.

Unfortunately, you may still have to pay a fee to your state when filing taxes. Only residents in the following states can file their state taxes for free:

• Arkansas
• Arizona
• Georgia
• Idaho
• Indiana
• Iowa
• Kentucky
• Massachusetts
• Michigan
• Minnesota
• Missouri
• Mississippi
• Montana
• New York
• North Carolina
• North Dakota
• Oregon
• Rhode Island
• South Carolina
• Vermont
• Virginia
• West Virginia
• District of Columbia

Is Cash App Taxes Right For You?

Cash App Taxes offers a simple and easy-to-use software that can help consumers avoid paying unnecessary tax filing fees. If you are filing a basic return involving just W2s, you could start and finish filing in minutes.

With Cash App’s free Audit Defense service, you can rest a little easier knowing that you won’t need to pay for the extra assistance should you need it. And let’s not forget that you can get your refund up to six days faster by depositing it into your Cash App account.

However, if your tax situation is a bit more complicated, it can take you longer than a few minutes to file. And as I mentioned earlier, Cash App Taxes supports many common tax documents, but not all tax documents or tax situations.

If you own a business and require anything outside of Schedule C (1040 form) — i.e. a corporation, partnership, or multi-member LLC — then a more robust service or an accountant who can offer specialized aisstance is best.

And if you’re hoping to get guidance as you work your way through the tax filing process, you may want to look elsehwere. While Cash App Taxes does provide a customer support and an FAQ section, being that its tax filing services is not its main feature, the help that its cutomer support team can provide is limited — they don’t have tax experts or financial advisors.

Below are some of its other limitations:

• Multiple state filings
• Part-year state filing
• Non-resident state returns
• Foreign earned income
• State returns for married filing separately in community property states
• State filing without a federal filing
• Filing state taxes without filing federal taxes (though you can do the opposite)
• Underpayment penalty calculations and payments
• 1040-PR filings

In conclusion, Cash App Taxes is free, which is a great deal for anyone. But it’s best for experienced tax filers who don’t need guidance with simple tax situations.