The company has some of the highest prices across the board for its software. While TurboTax has an easy interface and numerous feature options, it comes at a price. You can even have a certified public accountant (CPA) or enrolled agent (EA) help you for an extra cost.
BEST FINANCIAL SOFTWARE FOR TAXES FREE
There’s a free option for simple returns and then tiered support depending on the complexity of your tax return and your preferences. With TurboTax there are multiple filing levels you can choose from based on what level of support you need. This service stores receipts and tracks miles traveled throughout the year to help maximize your business deductions. The software also has extra features, tools and calculators specifically for self-employed filers and people with more complex tax returns. For example, self-employed filers get a complimentary one-year subscription to QuickBooks Self-Employed.
That means if you use the program year after year, your previous returns are saved on the site, saving you time and effort. In terms of features, TurboTax offers free audit support and free multi-year storage. Based on your answers, the software fills out the appropriate tax forms. The questions are interview-style and are written in plain English. It’s very easy to use and walks you through the filing process by asking a series of questions about your financial situation. The service searches over 350 tax deductions when you file to ensure you receive the deductions and applicable credits. You receive your refund through direct deposit and there is even a mobile app. You can upload your W-2 form directly to the site and you can upload it by taking a picture of it. 1 choice because it offers the most features out of all the software we reviewed, and it makes tax filing about as easy as possible. When it comes to best overall software, there’s one that stands out above the rest: TurboTax. Our analysis included a breakdown and comparison of available features such as penalty and fee guarantees and audit support, as well as a price comparison. We reviewed the most common tax programs available.