Tax season is creeping upon us, and you’ll soon want to pick which tax filing software to use. If you need any help figuring out which tax software is best for you, here’s a list of the top five I could find. Hopefully, using one of these software will make tax season a little less stressful, as well as get you the biggest refund possible!
Note: Many of the software listed below offer free versions, however those versions are often limited and offer very basic filing. For the best refund possible, consider opting for the paid versions.
1. TurboTax Federal Deluxe File for $39.99
TurboTax is one of the most well-known tax software out there. While it may not be the cheapest, it’s one of the highest ranked tax software in user experience with an easy-to-use interface. Plus if you need any guidance or have any questions, they offer experts who can chat with you when you use the online version. You can also use their “SmartLook” feature to be connected with a TurboTax specialist. There’s also a feature where you can share your screen with a representative so they can help you figure out just what’s going on.
TurboTax also allows you to fill in your W-2 information by uploading a picture of your form. This can save you some time, as well as offer you some comfort in the fact that you won’t be adding any incorrect information by filling it all out yourself.
2. TaxAct Deluxe Edition for $29.95
TaxAct is best if you’re looking for a cheaper option when filing your taxes this year, as it’s less expensive than most other tax software. Plus, you can be connected with a CPA or Enrolled Agent via phone call or live chat if you need any help or have any questions - for free!
While TaxAct may not have as much to offer as competitors, it’s still perfectly capable of handling returns including self-employment and investment income. It also offers extra tips you can look through in case you lost your job, had a baby, got married, or a variety of other concerns. However, while you will get tips on these situations, it is still up to you to incorporate this information into your tax return, as TaxAct won’t do it for you.
3. H&R Block Deluxe for $54.95
While H&R Block is trustworthy for doing your taxes in-person, they also offer software to do it at home! Just like TurboTax, H&R Block will ask you questions and use your answers to prepare your taxes. However, it seems like H&R Block isn’t as great at deciphering these answers as TurboTax is, and you may need to take advantage of the unlimited live tax advice through the website in order to complete your tax return.
You can also pay extra to have a professional review your finished taxes before they’re filed. Plus, there are thousands of offices across the country if you really need some in-person help.
4. TaxSlayer Classic for $17
Originally designed for tax experts, this brand has branched out to help everyday people file their tax returns. Plus, you’re guaranteed to receive the maximum tax refund or TaxSlayer will refund you the price you paid for the software! It’s also one of the simplest software when it comes to data entry, and it includes a searchable information database.
There are also two choices for inputting your data: “Guide Me” or “Enter Myself.” The “Guide Me” option is a bit slower, and the “Enter Myself” option allows you to jump around all of the different topics.
5. FreeTaxUSA Deluxe for $6.99
By far the cheapest tax filing software on this list, FreeTaxUSA is best if you’re self-employed or have complex tax issues that you don’t want to shell out a ton of money for. It also offers free customer support via email - or chat if you purchase the deluxe version. Although, you will have to pay for state filing.
Plus, if there are any errors on their part due to the software, they will pay interest and penalties from the IRS.
Out of the five listed here, which tax software do you think you’ll use this tax season? Or were there any really great ones that I missed? Leave a comment below!
Thank you to community member ammuller for this informative article! When she's not filing taxes, she can be found posting great deals and coupons here.