economy
Should you use AI to file your taxes? Experts warn it can lead to costly mistakes.
March 27, 2026 / 3:07 PM EDT / CBS News
TL;DR
- 26% of people are using AI for their 2025 tax returns, up from 11% the previous year.
- Experts warn that AI can provide outdated or inaccurate tax guidance, potentially leading to costly mistakes.
- AI may not reflect recent tax law changes, such as those under the OBBBA.
- While AI can explain tax concepts, it is not capable of preparing an accurate tax return on its own.
- Users should be cautious about feeding sensitive personal information into AI models.
- Taxpayers are turning to LLMs partly due to the absence of a free, government-provided filing tool.
- Individuals are ultimately responsible for the accuracy of their tax returns, even if an AI makes an error.