Americans are increasingly using AI tools like ChatGPT and Claude to help with their tax returns, with 26% doing so for their 2025 taxes, up from 11% the previous year. However, experts caution that these tools can provide outdated or incorrect information, leading to costly errors. This is partly because AI might use outdated data from government websites, which don’t always reflect recent tax law changes, such as those from the Republicans’ “one big beautiful bill act” (OBBBA). While AI can help explain complex tax concepts, experts advise against using it to file taxes. Instead, they recommend using AI for general education on tax topics and suggest relying on professional tax software for filing. The story highlights the importance of being cautious with AI in tax preparation due to the complexity and frequent changes in tax laws.
QUESTION: How might the increasing reliance on AI for tax preparation impact the way future generations approach financial literacy and tax responsibilities?
Should you rely on AI to do your taxes? Experts warn of risks.
