How To Save Money With These Online Tax Programs
It’s that time of year for millions of taxpayers: tax season. It’s in full swing and the IRS expects to have over 150 million tax returns filed this year. This year’s deadline is April 18th, thanks to an observation of Emancipation Day in Washington, D.C. that causes the banks to be closed on the traditional deadline of April 15th. The deadline may seem like it’s far away but don’t procrastinate. It’s never too early to start getting your documents together to make the process of getting your refund check as trouble-free as possible.
There are a few ways to file your taxes such as paying for a personal accountant/CPA, going to a tax service or using an online tax program. Although there are many ways to file your taxes, filing them online may be the most convenient. In fact, the IRS expects over 80% of taxes to be filed online. There are many online tax software programs available and several allow you to file your taxes free of charge, making it accessible to test out in case you want to purchase any of the various programs offered. Whether you’re self-employed or a small business owner, there are different versions of tax programs to benefit every type of worker.
Here are some of the best tax programs that will make filing taxes a stress-free process and will help you get the most out of your tax refund.
TurboTax – If you already do your taxes online, chances are you’ve heard about TurboTax or may have even used it. It is the industry’s standard. Equipped with a sleek format design, step-by-step instructions and 24/7 live customer assistance, TurboTax makes filing taxes reliable and easy-to-use so you don’t miss a step. This year, the program introduced a “Tap. Snap. Done.™” feature, which allows the user to upload a photo of their W2 and it will automatically fill in the blanks in all of the appropriate forms.
H&R Block – Filing taxes online may seem like a daunting process. But do not fret, H&R Block is here to help with over 12,000 regional offices located in the United States to easily connect you with a representative to assist you with any questions or tax complications you’re having. Along with its regional offices, some highlights from H&R Block’s online tax program is its accuracy review and data security to ensure that all your personal information is safe.
TaxACT – While TaxACT does not offer as many comprehensive tools as the two programs above, it is the most affordable program that provides high quality assistance. This program was built for the W-2 worker with a simple tax situation. TaxACT offers free tax filing, email support and real-time refund status.
These three online tax programs are great for anyone who is eager to save money and time. What’s the benefit of filing your taxes by using one of these programs? You’ll gain more of a first-hand understanding of your financial situation that you wouldn’t get if you were to have someone else do it for you. So take these online tax programs into consideration when you decide to file your taxes.
Milvian Prieto, a New Jersey-based writer, is on a quest to find the best apps that benefit 20-somethings and young families. She loves learning about technology and the way it impacts our lives.