Filing taxes can be an arduous task: filling out forms, maintaining records and performing calculations. Income tax software can make this task simpler by helping to navigate complex forms more easily, identify deductions or credits you may qualify for, check for errors in returns as well as import documents like W-2s and 1099s saving both time and effort in copying down information from paper copies.
The best income tax software depends on both your filing needs and filing status. While free filing options may suffice for those filing straightforward returns, paid versions may provide greater guidance in more complex situations. When choosing software to handle your income taxes, look for programs with clear, user-friendly interfaces featuring straightforward navigation and text boxes to enter information; plus question-and-answer interview formats to provide guidance – not forgetting up-to-date tax regulations as well as IRS approved e-filing to save processing time and reduce error rates.
TurboTax is a user-friendly tax return filing program, perfect for simple filing needs with investments or deductions that require special handling. Furthermore, its user-friendly format guides users through each stage of filing their tax return return process seamlessly.
H&R Block is another reliable option that is sure to meet most taxpayers’ needs, from its free online version all the way up to thousands of physical locations for more personalized assistance. Their user-friendly question-and-answer format helps people better understand their tax situations while their maximum refund guarantee gives peace of mind.
Many of these programs allow you to try before you buy. If additional assistance is necessary, premium packages or certified tax preparers may provide it. When hiring professionals, it is wise to verify if they are licensed and active members of professional organizations in order to protect yourself from scammers.
H&R Block’s software is more expensive but comes with unlimited support from an accredited tax preparer who is either CPA- or VITA-certified (volunteer income tax assistance). TaxAct is more cost-effective and has an in-depth tax preparation tool capable of handling multiple income sources, deductions and complex situations such as selling stocks or rental property. Users will find its question-and-answer interface user-friendly, making the filing of joint returns simple and stress-free. A limited tax refund calculator allows those owing more to figure out whether it would be easier for them to pay up or file partial returns; and its Premium product provides advanced deducting abilities for more complex deductions.