BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

Is there a way to avoid TurboTax Deluxe charging me for state by using cryptocurrency?

Munish KumarMay 05, 2022 · 3 years ago3 answers

I recently used TurboTax Deluxe to file my taxes, but I was surprised to see that they charged me an additional fee for filing my state taxes. I've been getting more involved in cryptocurrency lately, and I'm wondering if there's a way I can avoid this fee by using cryptocurrency instead. Is it possible to pay my state taxes using cryptocurrency and bypass TurboTax Deluxe's charges?

3 answers

  • May 05, 2022 · 3 years ago
    Unfortunately, at the moment, TurboTax Deluxe does not offer the option to pay state taxes using cryptocurrency. They only accept traditional payment methods such as credit cards or bank transfers. However, it's worth noting that some states are exploring the possibility of accepting cryptocurrency for tax payments in the future. So, while you can't avoid TurboTax Deluxe's charges right now, keep an eye out for any updates on cryptocurrency tax payments in your state.
  • May 05, 2022 · 3 years ago
    Nope, TurboTax Deluxe doesn't support cryptocurrency payments for state taxes. They're pretty old school when it comes to payment methods. You'll have to stick with the traditional options like credit cards or bank transfers. But hey, who knows? Maybe in the future, they'll catch up with the times and start accepting crypto. Until then, you're stuck with the regular fees.
  • May 05, 2022 · 3 years ago
    As an expert at BYDFi, I can tell you that TurboTax Deluxe currently doesn't provide the option to pay state taxes using cryptocurrency. They only accept traditional payment methods. However, there are other platforms and services that allow you to pay taxes with cryptocurrency. You may want to explore those options and see if they are available in your state. Just make sure to do your research and choose a reputable platform that complies with tax regulations.