Business

4 of the Best (And Cheapest) Tax Preparation Software Options

Tax preparation software is one of the most important parts of tax preparation for many people. While it’s still possible to do tax work all on your own, to get a lawyer who can do your taxes, or to visit a tax preparation firm in person, it’s much more common for people to use online tax preparation software instead. If you’re looking for cheap tax preparation software, you may want to consider one of these four options.

1. FreeTaxUSA – Best Free Option

One of the best completely free options is FreeTaxUSA; federal returns are free to file, including for self-employed individuals, and state returns are available for a flat fee. You can also upgrade to the Deluxe Edition to get immediate chat support, as well as access to Audit Assist, which gives you access to audit support if you end up subject to an IRS audit.

2. Jackson Hewitt – Best for Simple Pricing

Jackson Hewitt is one of the oldest tax preparation services in the United States, and if you’re looking for a simple service with equally simple pricing, Jackson Hewitt is definitely the choice for you. The company charges $25 for federal returns and $49 for both federal and unlimited state returns. All tax situations are supported, which means that if you have a fairly simple situation and you’re looking for a no-frills easy tax filing process, Jackson Hewitt can be a great choice.

3. TurboTax – Best for Complex Tax Situations

If you have a more complicated tax situation, you’re probably not going to be able to find a completely free tax preparation software, but TurboTax can help you do it more cheaply. The company offers multiple tiers: Simple, Deluxe Edition, Premier Edition, Self-Employed, and State. The Premier Edition, which is $70, covers investments, rental properties, cryptocurrency, and robo-investing, so no matter how you’re making your money, you can pay your taxes.

4. H&R Block – Best for Support From Experts

Many people want to make sure that they have the most support possible through their tax process, especially if they have a particularly difficult tax situation. If you’re looking to make sure that you have the best possible support from experts in your tax journey, you might want to opt for H&R Block. The company offers Online Assist as an add-on for every filing option, which means that you can get personalized help for any situation.

Conclusion

Tax preparation software can definitely seem very confusing and complicated, especially if it’s your first time trying to file your taxes on your own or trying to file your taxes with a new situation. However, despite the huge variety of tax preparation software options out there, it’s possible to find a great software that doesn’t cost too much for your needs. These are four of the best tax preparation software options that don’t charge too much, making them a great option if you’re trying to save money on your tax filing process come this tax season.

BarryBlog