Information about Tax Preparation
When it comes to filing taxes, generally we can all agree that easier is better. While taxes can only be but so simple, these three names in tax software find unique ways to streamline the tedious process. Let’s take a quick glance at what stands out for the top three picks, and why TurboTax edges out the rest.
Start TurboTax Federal Free Edition Here
Our pick for the best tax software to file your taxes for the 2015 fiscal year is the industry standard, TurboTax. While other companies have undoubtedly replicated what TurboTax pioneered, Intuit’s tax filing software still stands as the most streamlined and intuitive way to file your state and federal taxes. From its slick design to its top-of-the-line audit threat detection, you’d be hard-pressed to find an easier, safer way to file your taxes this year.
And as of this year, Turbo Tax has also rolled out some new features. That includes a new feature called “W-2 Snap and Autofill,” which lets you take a picture of your W-2 and upload it. Also included this year is SmartLook™, a feature that connects TurboTax users with a live tax customer support specialist if they need help. Lastly, ExplainWhy™ highlights the biggest components of each user’s tax return in order to help them understand it better.
TurboTax boasts an extensive Federal Free Edition that includes numerous perks you may have to purchase elsewhere. In addition to the companies plethora of tax planning options, TurboTax features intuitive mobile apps with all the core functions of the main site, making it a uniquely tech option.
Start With H&R Block Here
Easily one of the most trusted names in finance, H&R Block stands out from the crowd because of its customer service and regional accessibility. Let’s be honest with ourselves, filing taxes can be an overwhelming ordeal, even with the perfect software. With over 12,000 locations in the United States, H&R Block will likely put you just a stone’s throw away from speaking face-to-face with a professional who can help you sift through the financial maze.
On top of its customer service, H&R Block also offers surprisingly a comprehensive free tax software option, the At Home Free Edition, that includes free audit support and representation. All in all, not a bad deal. A much more affordable option that TurboTax, but sacrifices some of the user experience.
Start With TaxAct Here
If your top priority this tax season is saving some cash, TaxAct can be one of the best online tax software options. Although it’s the most affordable tax software, TaxAct doesn’t not run like a “cheap” software at all and very much holds its own against the stiff competition of TurboTax and H&R Block.
TaxAct is perfectly built for a standard W-2 worker with a less-than-confusing tax return situation. If this describes you, we would consider TaxAct and potentially save yourself a few bucks this tax season. Otherwise, you may want to look into TurboTax or H&R Block as the best tax software.
Version of tax preparation
- Federal Free Edition — The best deal, this provides the resources to prepare and e-file both federal and state taxes and is generally utilized by those with the most basic tax needs. Federal filing is free, but state typically incurs a fee.
- Basic Edition — includes all the features found in the Federal Free Edition with the inclusion of access to basic deduction identification tools and improved support.
- Deluxe Edition — generally offers more to identify deductions through industry- or occupation-specific deduction searches. May also include more robust tools for life events, donations, and audit risk.
- Premium Edition — generally grants access to the full functionality of the software with deduction assistance that expands to include rental properties and other business-specific tax deductions, along with advanced calculators and additional investment resources.