Why Turbo Tax Should Be The Software You Choose to File Your Taxes With

1. The Best Tax Software
2. Cost Effective Software
3. In-person Filing Software

The Best Tax Software on the Market. Filing your taxes is easy especially if you have the internet at your fingertips. Over 90% of taxes get filed over the internet now and most from the comfort of our own homes. Finding the right tax software is not that easy. There are so many on the market, which one do you choose that will give you the biggest tax return and is the easiest to use?  Not only does it have to be easy to use, but you need to trust it with your most personal information. The best software has been reviewed for you and its features listed.

The Best Tax Software

The best software available for you to use and stands out as the software that will give you the most features and the best deals for it is Turbo Tax.

Turbotax not only offers the most features, but it is easy to use and it allows you to upload a picture of your W-2 form. It allows you to receive your return as a direct deposit to your account. It also offers 350 different deductions so you can get the most money back in your return. It even has its own app.

TurboTax is free and it allows for you to access your previous year’s return which saves you time and as you go through the filling process it asks you financial questions and you walk through the return step-by-step and the form is filled out in the appropriate places. The software has special tools for every type of filer. If you are self-employed you a get a free subscription to QuickBooks Self-Employed for one year which holds on to your receipts which can be deducted as business expenses which increases your return.

It is easy software to use and worth every penny you spend on it. The deluxe option is $39.99 for the federal return and $39.99 for your state return. This makes the software one of the most expensive on the market, but also one of the best.

Cost Effective Software

There are more tax return software programs to choose from that is not as expensive as TurboTax. Most will offer many of the same features as TurboTax such as multi-year storage like Tax Slayer.

There are five filing options for TaxSlayer Free, Classic, Premium, Self-Employed and Ultimate. The breakdown for federal and state returns bring the Ultimate subscription to $86 which is $14.00 cheaper than the entire TurboTax Premier return.

TaxSlayer allows for its free version to file a simple return which gets updated to the Classic filing option if the return is too complicated which brings it to $17 for a Federal return. Most other filing systems require you to upgrade beyond the classic edition if you require certain forms. TaxSlayer doesn’t force you to upgrade halfway through your return to do it correctly after the classic edition upgrade. It provides audit assistance and helps guide you through a self-employed tax return.

TaxAct is as good as Taxslayer though you won’t get as many features like audit support without buying protect Plus Software ($14.98 per year). It cost more than Taxslayer because it requires you to purchase three years when you upgrade though it does offer the step-by-step filing assistance.

Credit Karma Tax is very basic tax filing software, but it will get you through your taxes with few problems and it’s completely free. The software is one of the newest on the market so it is still under construction and it is getting better with every new tax year.

In-person Filing Software

H&R Block does the all-in-one filing for a small fee for the in-person services required. This is for the people that like having someone do this for them. H&R Block has great people working for them and they are perfect for all tax filing situations. It is especially good if people who have complicated tax situations or if their tax situation has changed from the previous year.

Finding the right tax software is not that easy. There are so many on the market, which one does you choose that will give you the biggest tax return and is the easiest to use.

Final thoughts

When it comes to picking the best tax software you need to know what sort of filing you will be doing. If you are looking for simple interfaces and you have a simple return then you have plenty of options. If you have a more complicated need, then you will ultimately need to invest in the program that will work best for your tax needs. The more complicated your return is, the more you will need to invest in software that will provide you with more tax forms and will have the most information to help you.

Tips

• Make sure you have all your tax documents in order before you start filing. If you are expecting more than one W-2 or 1099 forms make a list of which ones you are expecting and keep track of which ones have arrived. Keep track of any paperwork that shows your investments whether it is saving accounts, bank accounts, IRAs and brokerage accounts. You may want to keep a complete list of everything you are expecting. It makes it easier to prevent you from missing something and it helps you be able to file in smaller chunks so you don’t have to sit through the entire process at once.

• Research what tax deductions you may be able to take. This can include children, childcare, gas receipts, printer paper, and ink.

• If your financial situation is more complicated you may want to bring in your own financial advisor. You can do a search for local tax assistance through Google or even contact your local community college. If they have tax preparation classes they often will offer to do free returns to help the students learn to themselves, but don’t worry they are checked by the professor in charge of the class and they assist in the filing. It is usually completely free as a service for the students.

Filing your taxes is easy especially if you have the internet at your fingertips. Over 90% of taxes get filed over the internet now and most from the comfort of our own homes. Finding the right tax software is not that easy. There are so many on the market, which one do you choose that will give you the biggest tax return and is the easiest to use?  Not only does it have to be easy to use, but you need to trust it with your most personal information. The best software has been reviewed for you and its features listed.

The Best Tax Software

The best software available for you to use and stands out as the software that will give you the most features and the best deals for it is Turbo Tax.

Turbotax not only offers the most features, but it is easy to use and it allows you to upload a picture of your W-2 form. It allows you to receive your return as a direct deposit to your account. It also offers 350 different deductions so you can get the most money back in your return. It even has its own app.

TurboTax is free and it allows for you to access your previous year’s return which saves you time and as you go through the filling process it asks you financial questions and you walk through the return step-by-step and the form is filled out in the appropriate places. The software has special tools for every type of filer. If you are self-employed you a get a free subscription to QuickBooks Self-Employed for one year which holds on to your receipts which can be deducted as business expenses which increases your return.

It is easy software to use and worth every penny you spend on it. The deluxe option is $39.99 for the federal return and $39.99 for your state return. This makes the software one of the most expensive on the market, but also one of the best.

Cost Effective Software

There are more tax return software programs to choose from that is not as expensive as TurboTax. Most will offer many of the same features as TurboTax such as multi-year storage like Tax Slayer.

There are five filing options for TaxSlayer Free, Classic, Premium, Self-Employed and Ultimate. The breakdown for federal and state returns bring the Ultimate subscription to $86 which is $14.00 cheaper than the entire TurboTax Premier return.

TaxSlayer allows for its free version to file a simple return which gets updated to the Classic filing option if the return is too complicated which brings it to $17 for a Federal return. Most other filing systems require you to upgrade beyond the classic edition if you require certain forms. TaxSlayer doesn’t force you to upgrade halfway through your return to do it correctly after the classic edition upgrade. It provides audit assistance and helps guide you through a self-employed tax return.

TaxAct is as good as Taxslayer though you won’t get as many features like audit support without buying protect Plus Software ($14.98 per year). It cost more than Taxslayer because it requires you to purchase three years when you upgrade though it does offer the step-by-step filing assistance.

Credit Karma Tax is very basic tax filing software, but it will get you through your taxes with few problems and it’s completely free. The software is one of the newest on the market so it is still under construction and it is getting better with every new tax year.

In-person Filing Software

H&R Block does the all-in-one filing for a small fee for the in-person services required. This is for the people that like having someone do this for them. H&R Block has great people working for them and they are perfect for all tax filing situations. It is especially good if people who have complicated tax situations or if their tax situation has changed from the previous year.

Finding the right tax software is not that easy. There are so many on the market, which one does you choose that will give you the biggest tax return and is the easiest to use.

Final thoughts

When it comes to picking the best tax software you need to know what sort of filing you will be doing. If you are looking for simple interfaces and you have a simple return then you have plenty of options. If you have a more complicated need, then you will ultimately need to invest in the program that will work best for your tax needs. The more complicated your return is, the more you will need to invest in software that will provide you with more tax forms and will have the most information to help you.

Tips

• Make sure you have all your tax documents in order before you start filing. If you are expecting more than one W-2 or 1099 forms make a list of which ones you are expecting and keep track of which ones have arrived. Keep track of any paperwork that shows your investments whether it is saving accounts, bank accounts, IRAs and brokerage accounts. You may want to keep a complete list of everything you are expecting. It makes it easier to prevent you from missing something and it helps you be able to file in smaller chunks so you don’t have to sit through the entire process at once.

• Research what tax deductions you may be able to take. This can include children, childcare, gas receipts, printer paper, and ink.

• If your financial situation is more complicated you may want to bring in your own financial advisor. You can do a search for local tax assistance through Google or even contact your local community college. If they have tax preparation classes they often will offer to do free returns to help the students learn to themselves, but don’t worry they are checked by the professor in charge of the class and they assist in the filing. It is usually completely free as a service for the students.