Its many peoples least favorite time of year:tax season.
Tax season can be stressful… to say the least.
Thankfully, some smart software companies have made the processwayeasier and, in some cases, even free.
Aileen Perilla/The Penny Hoarder
Even the tax pros themselves are getting on board.
Is Your Paycheck Not Going As Far As It Used To?
We get it.Everythingis more expensive than it used to be, but your paycheck hasnt kept up.
When money is tight,these resourceswill help nearly everyone.
The three best online tax programs with paid plans are undoubtedlyTurboTax,H&R BlockandTaxAct.
Heres a quick look at how they stack up.
Thatll file your federal tax return with the IRS.
State filing fees are charged for each state you file with.
Free Editions
Each tax preparation service includes a free option for basic filers.
What each covers varies, so which is best for you depends on how complex your tax situation is.
Self-Employment Support
Each service includes support for self-employment income in less expensive tiers.
Theyre a budget-friendly way to tackle your complicated paperwork and ensure you dont miss out on vital tax breaks.
Pay attention to these options if live tax support is important to you.
Can You Survive 10 Days of Budgeting?
TaxAct doesnt provide audit support for most customers.
Mobile Apps
H&R Block and TurboTax have mobile apps available for both iOS and Android.
TaxAct has discontinued its mobile app.
Refund Advance
Need money now?
H&R Block and TurboTax both offer atax refund advance, while TaxAct does not.
Guarantees
The companies offer different levels of peace of mind for using their products.
Fees vary dramatically when you access these products online.
Software products are tiered similar to online tiers and include a one-time download fee and filing fees.
H&R Block vs. TurboTax vs. TaxAct: Which Is Best for You?
If youre looking to boost your income this month, weve got just the thing for you.
TaxSlayer
If your taxes are simple,TaxSlayerwill help you file online for free.
The Simply Free edition offers a deduction finder, and you could add your state returns at no charge.
Active duty military members can file a federal return for free, regardless of your tax situation.
All volunteers are certified by the IRS and many have professional backgrounds in accounting and finance.
Should You Do Your Own Taxes or Hire a Tax Pro?
So youcanfile your own taxes from the comfort of your home… butshouldyou?
One of these events might trigger you to work with a tax pro every year after.
Just dont wait until the last minute to file your taxes, and you should be fine.
Laura Grace Tarpley contributed reporting to this review.
