What problem does it solve?
This Skill helps taxpayers and advisors quickly identify missed deductions, credits, and tax-advantaged opportunities on federal tax returns and estimates the potential dollar impact to reduce overall tax liability while flagging items that require professional review.
Core Features & Use Cases
- Targeted Return Review: Scan return summaries (W-2, Schedule C, Schedule E, K-1, Form 1040 lines) to flag commonly missed items like QBI, self-employed adjustments, HSA/IRA contributions, and deductible business expenses.
- Actionable Estimates: Provide estimated tax savings for each flagged item, confidence levels, and recommended next steps (amend, document, or consult a CPA).
- Planning & Prioritization: Recommend account funding and timing strategies (HSA, 401(k), Roth/backdoor Roth, 529) and highlight cascade effects on AGI-sensitive credits and benefits.
- Use Case Example: A self-employed filer shares Schedule C totals and business expenses to discover missed QBI or deductible retirement contributions that could materially increase refund or reduce tax due.
Quick Start
Review my 2025 federal tax return, identify missed deductions and credits, estimate potential tax savings with confidence levels, and list recommended next steps to consider with a CPA.