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Geithner blames TurboTax

January 22, 2009

The TaxProf reports that TurboTax may have had a role in the Treasury Secretary-designate's tax troubles. Jim Lindgren shows that TurboTax wouldn't have flagged his big errors. Still, Prof. Caron notes correctly:

Of course, as any tax professional know, TurboTax (and any of the other leading software programs) easily calculate self-employment tax (as well as the disallowance of a dependent care deduction for the cost of your kids' overnight camps). The errors here were entirely Geithner's, not TurboTax's.

Garbage in, garbage out.

But if you want to save taxes like Tim Geithner, Kay Bell is giving away a copy of TurboTax!