Tax Software Reviews

Tax software can be an extremely helpful and cost-effective way to prepare your taxes. Tax laws change so often that unless you’re in the accounting business it’s difficult to keep up. The latest tax preparation software is compatible with some personal finance software programs making the process even more streamlined.

However, even if your current program isn’t compatible, using tax software still makes sense. Most programs will walk you through step-by-step asking questions and uncovering deductions you may have never thought of. This can mean a bigger refund for you.

Another good reason to use one of these programs is it’s much less expensive than having a CPA prepare your taxes. These programs will also import your data from one year to the next saving you time going forward. Most will even help you file your taxes online for faster turn-around.

Below are tax software reviews for some of the best programs available right now. If you’ve never tried tax preparation software, now might be a good time to start.

Tax Software Reviews for
TurboTax

TurboTax is one of the best in the industry. In fact TurboTax guarantees they will get you the biggest refund you’re entitled to. If you get a bigger refund using any other tax preparation method, they’ll give you your money back. You can’t beat that.

They offer several editions to fit almost any need. They also offer an online checklist that helps you choose the right program for your situation. The following editions are available:

  • Free Edition for 1040EZ and simple returns
  • Deluxe Edition to maximize your deductions
  • Premier Edition for investments and rental property
  • Home and Business Edition for both personal taxes and sole proprietors, consultants, contractors and single-owner LLC
  • Business Edition for corporations, partnerships and LLCs

All offer free federal efile and some of the best support around including interactive chat and live community. They have extremely helpful calculators, tax tips and tax planning features on their website which are free to use even if you don’t purchase the software.

With everything they offer, their comparable pricing, excellent support and impeccable reputation they’ve earned, you really can’t go wrong with TurboTax.

Tax Software Reviews for
H&R Block at Home

H&R Block at Home is an outstanding tax preparation software program backed by one the largest and most well-respected tax preparation businesses in the industry. They offer a variety of options online as well as the convenience of offices all over the country.

H&R Block at Home compares each edition side-by-side so you can choose the one that will best suit your situation. The following editions are offered:

  • Free Edition suited for basic tax situations
  • Deluxe Edition suited for homeowners and investors
  • Premium Edition suited for self-employed and rental property owners
  • Best of Both that gives you unlimited advice from a tax professional and allows you to prepare your taxes online in the comfort of your home and have them reviewed, corrected, guaranteed and efiled by an H&R Block tax pro

Their website has lots of useful information including tax tips, calculators and a tax Q&A. They also offer great support like phone and email support as well as quick links to some of the most common questions and answers.

The program is very user-friendly and simple to navigate. They also offer a maximum refund guarantee which says that you’ll get the maximum refund you’re entitled to or your return is free.

Overall this is a great extension to an already successful tax preparation company at a reasonable price. H&R Block at Home is a solid choice for tax preparation software.

Tax Software Reviews for
TaxACT

TaxACT is the newest and most reasonably priced of the three tax preparation software programs reviewed here. However, don’t let the lower price fool you. They offer a competitive suite of features and several options to choose from.

They offer both personal and professional products including individual, partnership, S Corporation, and C Corporation Filing and Software Bundles.

Their website offers a comprehensive collection of tax information, an online Q&A and video tutorials.

Among the editions offered are:

  • Free Federal Edition for simple returns
  • Deluxe Federal Edition which helps maximize your deductions and includes extra calculators and reports
  • Ultimate Bundle which offers even more features like TaxACT Life Events which will help you through the tax implications of lifestyle changes

All offer free email and audit support and the Deluxe Edition and Ultimate Bundle even offer free phone support as well. All three editions allow you to start free and only pay when you file.

This is a great program that will most certainly have an edition to cover your needs. It’s very straight-forward, user-friendly, has great support and is well priced. Overall a good choice.

As you can see, most of these tax software programs offer the same basic features. They’re all good options and all offer free editions and excellent support which is important when you’re doing your own taxes. They are by far not the only choices available but in my opinion, they are the top three.

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