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'Proceed with caution' before tapping AI chatbots to file your tax return, experts warn
Nearly 20% of Americans would trust ChatGPT to review their income taxes, according to a new survey. Here's what to know before using AI-powered chatbots.
Still, AI chatbots "aren't ready for prime time," when filing tax returns, according to Subodha Kumar, professor of statistics, operations and data science at the Fox School of Business at Temple University. However, you could input a general fact pattern of possible income sources and tax breaks without including sensitive personal data and relying on the software for a specific answer. But taxpayers should "proceed with caution" when using the software to file returns, warned April Walker, lead manager for tax practice and ethics at the American Institute of CPAs.
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