The Best Tax Software
Finding a reliable tax software can be very challenging. With the many do-it-yourself software packages available, it’s easy to get overwhelmed, especially as the Tax Deadline approaches.
If you are looking for a reliable filing software that has a robust tax intelligence built-in to help you get the maximum refund possible, then we recommend you use TurboTax to file your taxes.
TurboTax’s helpful, step-by-step wizard allows you to prepare and complete your tax records thoroughly, and swiftly.
It also has a mobile friendly platform, which allows you to use it on the go via your smartphone.
Based on your needs and the complexity of your tax preparation, TurboTax comes in several versions.
This is supposedly the cheapest version, which provides you with a free federal tax return, along with a state return of about $27.99 per return. This version is mostly recommended for simple, straightforward tax preparations, since it doesn’t have schedules A, B, C, D, E, H or K.
With the Federal Edition, you can import unlimited W-2s . You can also file the Schedule EIC with the Federal Free Edition, especially if you qualify for the Earned Income Tax Credit. Like with any edition, you will get a live chat with an expert, in case you have any issues.
Deluxe is the most popular version and is suitable for those that have somewhat complex tax situation. This version also walks you through all possible tax scenarios, step by step, to help maximize your deduction and increase your refund.
It covers your miscellaneous income, as well as other related expenses. It has an additional bonus of 5%, which is added to your federal refund. You will also enjoy live chat and phone calls with a TurboTax professional.
The cost is $54.99 for Federal and $39.99 per state.
The cost of Federal return for Premier plan is $79.99, while the state return is $39.99 for every state. It is very useful if you have income from investment or rental properties.
It, however, does not support the Schedule C filings. So, it is not be recommended for the self-employed and other business owners.
Like Deluxe, you will also enjoy a 5% additional bonus. You get both live chat and phone calls for customer support.
The Home & Business edition is suitable for small business owners and sole proprietors. It will cost you $104.99 for the federal return and $39.99 for state return. It includes all the features of all other plans, which is why it is an executive version. Even though it is quite expensive, it is quite thorough for complex tax scenarios.
You also get your 5% extra bonus and live chat and phone calls, in case you have an issue.