Filing your taxes isn’t fun, we all know that. But, as we also know, the deadline is fast approaching. While the federal tax deadline is April 15th, most state tax deadlines fall somewhere between March and April. If you’re looking to save some money and file your own taxes this year, you’re in luck. Online tax service software is better than ever, so you can feel confident and comfortable about filing without the help of an accountant. Check out our tips and pointers below to help you decide which online service to use.
First Things First
First, check out the IRS free file tool to see if you qualify for free tax filing software, like H & R Block Free File and TurboTax All Free. These online tax filing systems are easy to use and, if you meet certain qualifications, you can use them free of charge.
Even if you don’t meet the requirements, though, you’ll still be able to purchase a reasonably-priced package on any of the sites. Here’s a comparison of some of the most popular online tax services to help you decide which one is best for you.
TurboTax
Best: Ease of use
A seamless integration of your state’s tax filing system is among the many benefits of this service. TurboTax is powered by Intuit, so it’s no surprise that the software is some of the best in terms of functionality and usability. It’s one of the more expensive services, but you’ll still save by doing them on your own. Plus, when you get a big tax return, you’ll be happy you spent a little extra for this highly popular service.
Pros
- TurboTax Live includes CPAs and EAs who will chat live with you and review your return before filing
- One of the only online tax services with a help forum; excellent customer service via phone, email, and live chat
- Customers can make up to 5 filings with purchase of one package
- Free federal and state filings for 1040EZ
Cons
- Online only, no physical in-person assistance available
H&R Block
Best: In-Person Support
H&R Block’s most expensive package is slightly cheaper than the comparable one offered by TurboTax. It isn’t as fancy in some aspects, but it will still get the job done quite nicely without much fuss. If you’re filing as a freelancer or have rental property income, you’ll want to purchase the Premium version; if you’re filing as a small business owner, independent contractor (Lyft drivers, contracted construction workers), or freelancer you’ll want the Self-Employed version.
Pros
- Option to import W-2 photo means less time spent manually entering numbers
- Four different paid service levels and one free option
- Choice of paying additional fee for face-to-face interaction at one of H & R’s ~1,200 brick-and-mortar locations
- Support provided in the event you’re audited
- New package offers option to have a certified tax professional review your return before filing
Cons
- Independent contractors (self-employed) will pay the higher rate of $79.99 for the Self-Employed package
- Online support isn’t as helpful as other services’
TaxAct
Best: Budget-Friendly Option
This straightforward, easy-to-use service allows you to upload your previous year’s tax return to cut down the number of questions you need to answer. It’s user-friendly and includes questions where you simply check boxes, type in answers, or choose from a drop down menu. If you’ve filed your taxes before, this might be the best option for you. Be cautious if you’ve never done so; this is truly a self-serve platform and very limited support is offered.
Pros
- Free federal and state e-filing for 1040A and 1040EZ
- More affordable version for freelancers compared to other online services
- Comprehensive assistance factoring in credit/penalty amounts due to the Affordable Care Act
- Easily upload PDF files from H&R Block or TurboTax if you’ve filed with either before
Cons
- Online support via live chat with a tax consultant
- Users can only import 1099-B forms as CVS files
Whichever service you choose, rest assured that they all offer some form of “satisfaction guarantee”. You’ll be saving money by avoiding a tax accountant and filing your own taxes, and these online services will make it as easy and painless as possible.
Looking to save even more money? Check out these quick tips for renters and get saving today.
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