Tax preparation can be a daunting task, especially for those who are unfamiliar with the process. Fortunately, there are a variety of tax preparer software programs available to help make filing taxes easier and more efficient. From free options to paid plans, there is something for everyone. FreeTaxUSA is an online tax preparation software that offers free federal returns and covers all tax situations, including joint filing, homeownership, itemized deductions, dependents, investments and more.
Self-employment tax returns are also free of charge. Of our top picks, the five providers have very similar editions available depending on their tax situation. TurboTax is the highest price, while Cash App Taxes is clearly the lowest. TaxAct, H&R Block and eSmart rest comfortably in the middle.
When choosing a tax preparer software program, it's important to consider your individual needs. It may depend on the program you have used in the past and the one you are most comfortable working with. For companies with more complex returns, Lacerte would be a better option as it can prepare even the most complicated tax returns. ProSeries Professional plans charge an additional fee for multi-user access, so it's not ideal for companies that have more than one accountant managing their accounts.
Cash App Taxes is a great option for those looking for a free tax preparation software program. It offers support for most major IRS forms and programs, as well as many other tax situations that other free tax software providers don't accommodate, such as student loan interest and rental property income. However, some of those free options only include your federal tax return; occasionally you'll have to pay more to file state tax returns. For those looking for a professional tax preparation software program, ProSeries Professional is a great choice.
It has all the features you would expect from a modern tax software, such as managing electronic files, downloading tax forms from financial institutions, and transferring K-1 data between returns. It also integrates with CCH IntelliConnect to provide links within the program to the relevant tax authority and analysis. Jackson Hewitt is another great option for professional tax preparation software. It has pop-up stores and kiosks that pop up in malls and big box stores during tax season, but also offers online software for people who want to file their taxes from home.
This version is for the simplest tax returns and doesn't cost anything to file your federal or state tax return. When choosing a tax preparer software program, it's important to consider your individual needs and budget. You should choose software that offers a pricing option that fits the number and types of tax returns you prepare. With ever-changing tax laws and filing deadlines, a tax professional must have fast but efficient software that includes all the necessary forms and filing features.