The mistake was user error in entering a backdoor Roth IRA contribution. Freetaxusa makes it easy to enter correctly, and turbotax makes it easy to screw up.
The mistake was user error in entering a backdoor Roth IRA contribution. Freetaxusa makes it easy to enter correctly, and turbotax makes it easy to screw up.
This caused my taxable income to be increased by the amount of the conversion. Not good. My biggest mistake was not being more diligent about looking over form 1040. I feel like it should have been a pretty obvious error.
But in this specific case of "minor error [...] leads to significant money losing tax implications" - it is really an error that would be possible in absolutely any "fill in your tax info situation", since the mistake they made was writing the wrong number into a "taxable income" field. That mistake can still be made even in a country whose tax system is as simple as "everyone pays X% of their income as tax, and fills in a one-field form where the only question is "what was your income for the year?". (But yeah, a simpler system would mean less opportunity for making simple mistakes, and easier to check if any have been made, for sure.)