Do you file the taxes yourself or rely on professionals to do the same? Having a professional complete your taxes can cost you somewhere between $176 – $273. This cost shall vary depending on whether you properly itemize your deductions or not.
On the other hand, doing taxes yourself will cost you less. Sometimes, it may not even cost you anything. The only thing you need is tax software and you can easily file and complete your taxes online. Moreover, you can also use the tax software for simple as well as complex tax returns.
Now, let’s have a look at some of the best tax software available today that can help you do your taxes yourself.
1. TurboTax
TurboTax ranks first in our listings due to its easy-to-use interface. The software has a question-answer format to help users easily complete taxes. It usually comes in four versions, starting from free to self-employed users. TurboTax also helps those who aren’t comfortable completing taxes themselves and need professional help by offering them the option of tax experts’ assistance.
2. Jackson Hewitt
Jackson Hewitt mainly offers tax services in person. It has around 6,000 offices, out of which 3,000 are based inside Walmart stores. Its software comes with a step-by-step format and guarantees maximum refund, satisfaction, and accuracy. The software also provides online help from tax professionals when filing with the use of a drop-off tax service.
3. TaxSlayer
The pricing of TaxSlayer starts at zero and goes to $52.95. There will be additional charges to file a state return, especially for the top three-tiered products. When it comes to the cost for state returns, there will be none in the free version.
4. Cash App Taxes
Cash App Taxes, formerly known as Credit Karma is the most affordable tax software on the list. This software allows you to file one-state or federal tax returns for free. Apart from that, the software also enables you to get maximum and faster refunds, which is two days faster than the usual ones.
5. H&R Block
If you’re looking for tax software that has the best filing options, then H&R Block will be winning the bet. It provides tax filling options in both online and downloadable formats, be it through in-person or a mobile app. The options in this software come in the question-answer form and can be relied upon to handle even the most complex tax situations.