Thousands of taxpayers have yet to file their returns. However, if you happen to be among the 10 million Americans who have a relatively simple tax scenario, you can benefit from some of the best online tax software available.
Here are a few of the industry’s best tax preparation software.
TurboTax
Simple prompts and streamlined instructions make TurboTax the undisputed leader of all the tax software available on the market today. With a reliable customer support tool and intuitive features, tax calculation has never been any more comfortable.
With TurboTax, you get a quick process that guides you to a friend and not a manual. Businesses like Karkanja property management have been using TurboTax for many years with great success. The software is loaded with applicable ‘FYI’s’ and links to TurboTax’s resources. All prompts are aptly placed to make sure nobody misses anything to make significant waves in return.
The Complete Check function does a comprehensive review of your tax return before you file. Therefore, the software guarantees error-free calculations for more accuracy.
TaxAct Online
TaxAct Online Premium offers reliable and affordable personal (and self-employed) tax preparation support that works for all types of tax scenarios. This fact is the reason why it ranks as the second-best tax software after TurboTax.
Not only does it offer excellent support, TaxAct also does all of the necessary calculations when you enter your financial information. It accurately puts all answers onto the appropriate lines. There are all kinds of help options available at every step of the way.
TaxAct efficiently addresses all your queries and prompts you with quick reminders to highlight any potential problems before you print your paper returns. Similar to all other services, you don’t have to pay anything until that point.
TaxSlayer
Tax Slayer has three different types of versions you can choose. The software is critically acclaimed and can be used free of charge for both state returns by 1040EZ filers as well as by federal tax filers. To easily import the data payroll of W-2 tax filers, they can use the Classic version. Moreover, this version supports necessary IRS forms as well. It is also capable of extracting relevant information from the files before the current tax year. However, this is a paid feature. You will have to pay $22 as per the state you are applying for and $17 for all federal returns.
Users can decide on the kind of software version that suits them best. They can then start calculating returns by setting up an account by creating a username and password. Users who benefitted from TaxSlayer last year can save time as the software imports vital information while ensuring accuracy in every area. TaxSlayer provides an easy way to schedule all your needs by selecting the forms you have to complete.
Final Thoughts
There are many horror stories about how time-consuming and sometimes expensive tax preparations and bookkeeping can be. That may be the case if your financial situation is complicated. However, if you do not own multiple businesses or several homes; you can quickly benefit from the tax preparation software mentioned above.
Some of them are free while others charge a small fee, which is pretty much negligible considering the convenience and functionality their features can offer. Before you pay taxes, it’s important to incorporate your business and choose a legal entity that suits your tax budget.
