TurboTax is widely regarded as the best tax software for individuals who need help with filing their taxes. It offers a user-friendly interface and helpful step-by-step guidance on how to take advantage of deductions and credits.
Are you a small business owner looking to save time on taxes? Or are you an individual who wants to do their taxes quickly and accurately? Either way, this blog post is for you! We’ve rounded up the best software to make tax season a breeze.
Introduction Of Best Software To Do Your Taxes
Are you looking for the best software to do your taxes? Preparing and filing taxes can be a daunting task, especially if you’re unfamiliar with the process. Fortunately, there are a variety of tax software programs available to make the process easier. From TurboTax to H&R Block, there are several options to choose from.
In this blog post, we’ll review some of the best tax software programs available and provide some tips on choosing the right one for you. We’ll also discuss some of the features to look for and provide an overview of how each program works. So, whether you’re a first-time filer or a seasoned tax professional, this guide is sure to help you find the best tax software for your needs.
Tax Software Reviews
Tax season is upon us and it’s time to find the best software to do your taxes. To help you out, we have reviewed some of the most popular tax software available.
- TurboTax is considered the best overall tax software for individuals, as it offers comprehensive features and a great user experience. It includes features such as audit support, its ability to import W-2s and 1099s from employers, and its ability to import tax data from other sources. It also provides a step-by-step guide to help users file their taxes quickly and accurately.
- H&R Block is another popular tax software for individuals and families. It offers an intuitive user interface and provides a free version for users who qualify for the Earned Income Tax Credit. It also provides additional features, such as audit support, a step-by-step guide to filing taxes, and the ability to import W-2s and 1099s from employers.
- Credit Karma Tax is an online tax service designed specifically for those with low or moderate incomes. It has a straightforward user interface and allows users to import W-2s and 1099s from employers. It also offers free audit support and step-by-step guidance through the process of filing taxes.
- TaxAct Free Edition is a great option for taxpayers with simple returns who don’t need any extra features or support. This version includes basic features such as the ability to import
10 Best Software To Do Your Taxes Description
1. TurboTax
TurboTax is one of the most popular tax software programs available. It has earned its reputation as the best tax software for investors and offers a wide range of features to help you maximize your deductions and get the most out of your tax returns. It features a simple user interface that makes it easy to navigate and fill out your taxes quickly and accurately.
With TurboTax, you can easily import your W-2s, investments, and other financial information directly into the program to make filing your taxes even easier. Plus, you can use the TurboTax app on your mobile device to access your returns anytime, anywhere. TurboTax also offers audit support and secure online filing, making it an ideal choice for those looking to get the most out of their taxes.
2. H&R Block
H&R Block places second in the Best Tax Software of 2022, coming in just behind TurboTax. Overall, the two offer very similar tax filing options, costs, and features. In our tests, we found H&R Block’s help screens and in-app guidance to be nearly as good as TurboTax’s. However, the software was also praised for its intuitive interface and easy-to-follow instructions.
H&R Block Tax Software, formerly called H&R Block at Home, is a set of software packages for American income tax preparation offered by H&R Block. H&R Block is one of the most affordable tax-prep software programs, and its free version will work for many tax filers. It offers five federal e-files and basic tax software that’s anything but basic.
The software gives you the power to score your max refund with the tax preparation process you want. It’s simple to use and designed to help you navigate the complex tax process with ease. H&R Block has four editions of their online software: Free, Deluxe, Premium, and Self-Employed.
The Free edition is best for new filers or those with simple returns. The Deluxe edition includes extra deductions and credits and is suitable for homeowners or those who want to maximize their deductions. The Premium edition includes additional features such as investment income tracking and is the best.
3. Credit Karma Tax
Credit Karma Tax is free from start to finish, making it a great choice for budget-conscious filers. This DIY tax filing product is available for both federal and state returns, so you can file taxes from the convenience of your own home. Credit Karma Tax offers a variety of helpful features, such as step-by-step guidance, live customer support, the ability to import your W-2, and the option to e-file or print and mails your return.
It also provides audit defence coverage and real-time updates about your refund status. The software makes filing taxes simple, and users can take advantage of their free Credit Score and Debt Analysis tools to better understand their financial picture.
4. TaxAct Free Edition
TaxAct Free Edition is a great choice for those looking to file their federal taxes for free. It’s easy to use and provides step-by-step guidance to help you through the process. It also offers support for complex tax situations and access to tax experts. However, if you need to file a state return, you will have to upgrade to the Deluxe tier, which costs $40.
5. FreeTaxUSA Deluxe Edition
FreeTaxUSA Deluxe Edition is a great choice for those who need extra support and peace of mind when filing their taxes. The Deluxe Edition includes all the features of the Free File Edition, plus additional features such as audit assistance, priority support, and the ability to import W-2 forms directly from employers.
This edition also offers free federal filing and low-cost state filing for business taxes reported on Schedule C. The cost of the Deluxe Edition is $12.99, making it an especially good value if you have to file as a sole proprietor or small business owner.
6. ezTaxReturn.com Basic Edition
ezTaxReturn.com is one of the Free File partners and provides an easy-to-use, free basic tax filing service. It is intuitive and can accommodate the needs of multiple tax forms, including Federal 1040EZ, 1040A and 1040, as well as Schedule A. It also offers a free audit support feature to help you answer any questions you might have about your taxes.
ezTaxReturn.com’s basic service is ideal for those who only need to file one or two tax forms and don’t require the more advanced features offered by other software packages. The basic service covers all major IRS forms, so you can be sure that your taxes are filed accurately and on time. With the ezTaxReturn.com basic service, you can rest assured that your taxes are in good hands.
7. Jackson Hewitt Deluxe Package
Jackson Hewitt offers a good online do-it-yourself tax service for a flat rate of $25 for federal and state returns. If you’d like to file your taxes yourself, Jackson Hewitt allows you to do so either independently or with the help of a professional. With their intuitive software, pop-ups and tutorials make filing taxes a breeze.
The software also imports W-2s from eligible employers, so you don’t have to worry about tracking down your information. Additionally, despite not having a mobile app, the mobile version of the browser-based tax service is great and offers a smooth experience.
8. Intuit ProSeries Basic Package
Are you looking for tax software that offers maximum flexibility and scalability? Then look no further than Intuit ProSeries Basic package. Intuit ProSeries is the perfect choice for tax professionals that need an easy-to-use and cost-effective solution to do their taxes. With the Unlimited business and individual bundles or pay-as-you-go Easy Start new-customer onboarding program, you can get started quickly and easily.
Intuit ProSeries is great for non-traditional tax returns like estates, S-Corps, LLCs, and other non-1040 returns. It keeps all your clients’ information organized in one place and you can even invite them to collaborate with you on their returns. Furthermore, the software is cloud-based and comes with two different plans: Intuit ProSeries Basic and Intuit ProSeries Professional.
So, you’ll be able to find a plan that suits your budget and meets your needs. Intuit ProSeries is ideal for small to mid-sized accounting firms that need to prepare both personal and business forms. With its comprehensive features, intuitive user interface, and reliable customer support, it’s easy to see why Intuit ProSeries is the best choice for getting your taxes done.
9. TaxSlayer Classic Plan
TaxSlayer is one of the most affordable and effective tax software programs available for the self-employed. Its Classic Plan is an all-purpose tax preparation software with features to help you file your taxes quickly and easily. With TaxSlayer, you can import your W-2, deduct mortgage interest, and claim dependents.
The Classic Plan also offers Fast Fill and Easy Upload features to help make filing your taxes simple and painless. TaxSlayer’s pricing model is straightforward, offering a one-time fee of $46 for the Classic Plan. This makes it one of the most cost-effective options on the market.
If you’re looking for an affordable yet powerful tax software program, TaxSlayer’s Classic Plan is a great choice. It offers all the features you need to file your taxes quickly and accurately, without breaking the bank.
10. Liberty Tax Online Basic Plan
Liberty Tax Online is a cost-effective tax software option that is presented in four different modules, including the Basic plan. This plan is ideal for individuals who are filing simple tax returns, with features like Unemployment Income (1099-G) and Student Loan Interest included.
The Liberty Tax Basic plan is free to use, and you can import your last year’s taxes for free too. With this plan, you also get support from Liberty Tax’s team of professional tax preparers who will assist in any follow-up needed with the CRA in the event of an audit. If you are looking for a reliable and affordable way to do your taxes, the Liberty Tax Online Basic plan may be the ideal solution for you.
What Is the Best Choice for You?
Choosing the right tax software for you depends on your individual needs. If you are a beginner, free options like Credit Karma Tax and TaxAct Free Edition may be the best option. For those with more complex taxes, like rental property investors, TurboTax, TaxSlayer Classic, and Cash App Taxes are 3 of the best software programs.
Professional tax preparers may want to consider Intuit ProSeries Basic Package and Jackson Hewitt Deluxe Package. Ultimately, you should review each provider’s offer to make sure you qualify and that the plan you choose meets your needs.
Final Thoughts and Considerations
When it comes to choosing the right tax software for you, there are many factors to consider. It is important to think about how complicated your taxes are and how much help you need. If you are a beginner and just need basic tax software, then the free versions from TaxAct, FreeTaxUSA, or TurboTax should be sufficient.
However, if you have more complicated taxes, then you may want to consider one of the more robust packages from H&R Block, TaxSlayer, or Jackson Hewitt. It is also important to consider the cost of the software. Most of the programs have different plan options that range from free to several hundred dollars. Additionally, many companies offer discounts or special offers for certain times of the year. Consider all of these factors when deciding which tax software is best for you.