![]() Read our full TaxAct review » Best Budget Pick for Tax Software TaxSlayerįree version covers: For taxable income under $100,000: W-2 income interest income not exceeding $1,500 student loan interest deduction education credits The pros of TaxSlayer: That's a huge value-add, especially since prices for its tax software are already lower than the industry heavyweights. ![]() The bottom line: TaxAct has added free live CPA and tax expert assistance to all of its packages. Middle-of-the road option when it comes to cost.State returns aren't free, even when you qualify for free federal filing.Handy "double check" tool flags common errors.Tax document upload and import for easy data entry.Pay less than H&R Block and TurboTax and get a comparable experience.Free federal and state filing covers student and child tax credits.Expert help is available with every filing package.Best Overall Tax Software TaxActĬost of DIY online filing: $0 - $64.95 + state return feeįree version covers: W-2 income unemployment income retirement distributions tuition and fees deduction earned income tax credit child tax credit education credits stimulus credit The pros of TaxAct: People with bigger budgets or more complicated tax situations might find it worth paying more for TurboTax, which provides easy data import for small businesses and freelancers. TaxAct is better tax software for most filers, thanks to its reasonable pricing and the expert access included. Finally, we consulted other experts to make sure we weren't missing any major features or drawbacks of any of the services. We also considered the breadth of tax forms included in the various packages offered by each tax software company, with an emphasis on what's available at no cost. Support (10%): Is there an accuracy guarantee or audit support? Is customer service reachable and helpful?.Expert help (20%): Can you chat, email, or call a tax professional when you have questions? Is this feature included with the standard packages or does it cost extra?.User experience (20%): Is the tax prep software easy to use? Can you seamlessly upload or import documents? Is the guidance clear and non-jargony?.Value (20%): Does the cost justify what you get? Can you get the same features elsewhere for a lower price?.Cost (30%): Is there a free filing package? How does the cost of the paid tax preparation software compare to similar offerings from competitors?.We then calculated the weighted average to determine an overall editor's rating. Each of these factors was rated on a five-point scale. With that in mind, we considered five factors when reviewing each platform, as outlined below with their corresponding weights. But taxes can be confusing, and it's valuable to have an expert on hand should you need help. We didn't consider these offerings in our evaluation because they're comparable to hiring a CPA. Several of the tax software companies we reviewed offer full-service packages, where you can pay an expert to do your taxes for you. We realize that if you're searching for the best tax software, you're probably either willing to spend time filing your own return or you're looking for a more affordable option than hiring a tax professional. TurboTax is committed to getting you your maximum refund, guaranteed.You won’t pay for TurboTax until it’s time to file and you’re fully satisfied.CompleteCheck™ scans your return so you can be confident it’s 100% accurate.Snap a photo of your W-2 or 1099-NEC and TurboTax will put your info in the right places.Jumpstart your taxes with last year’s info. Tell TurboTax about your life and it will guide you step by step.However, we also considered several tax preparation software options not currently on the IRS Free File list, with an emphasis on their DIY online filing options. ![]() About 70% of US taxpayers qualify for free tax filing, but many don't realize they do, so we gave preference to tax software with a free option that's easy to find and doesn't have income limitations. To choose our winners, we started with a list of online tax preparers included in the IRS Free File Alliance. TurboTax: Best comprehensive tax software. ![]() We also considered user experience, value, and the cost of accessing experts - because getting help shouldn't be a luxury. With that in mind, we placed extra emphasis on cost while reviewing this year's best tax software contenders. Tax preparation may cost more if you have complex income or deductions, but it shouldn't break the bank. The majority of Americans qualify to file their taxes for free (or at a very low cost) through the IRS free file partners or other commercial tax software providers. Life is too short to make tax filing more complicated - and expensive - than it already is. ![]()
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