You can also import tax forms from prior tax years in the form of PDFs and can submit photos of your W-2 so your information can be auto-filled on your return. You'll be asked about your life and financial transactions to assist in completing tax forms and determining what deductions and credits you can claim - or if you should claim the standard deduction instead. TaxAct works in a step-by-step fashion that is similar to other tax filing programs, though its user interface has fewer frills. Investors who need to report capital gains or losses or those with rental property incomeįreelancers, small business owners, or contractors Homeowners and those who want to itemize deductions, deduct student loan interest, or have childcare expenses Tax filers with W2 income and few deductions or credits The good news is those who pay a premium for upgraded TaxAct software get access to more assistance, including specialist phone support with the Deluxe version and screen-sharing with Premier. It's $44.95 per state filing with all but the free option, which costs $39.95. But, as with most tax prep software, state tax returns come at an additional cost with TaxAct. TaxAct's Deluxe and Premier programs are more affordable than competitors such as TurboTax, which can cost up to $308 depending on your tax situation. But, unlike with H&R Block, you can't claim a deduction for student loan interest or mortgage interest without using a paid version of the software. You can claim a few credits, such as the Earned Income Tax Credit and Child Tax Credit, with the free version. But you can file for free only if you have a simple return and aren't itemizing deductions. TaxAct offers free filing for both state and federal returns, as most online tax software programs do. How much does TaxAct cost: Products and prices TaxAct provides you with a refund on software fees and pays the difference in refunds and credits, up to $100,000. Although H&R Block and TurboTax both offer guarantees, they simply refund your money if another tax prep software program nets you a larger refund. TaxAct's Maximum Refund Guarantee also beats out most competitors. However, TaxAct’s free version doesn't allow you to use all the forms that H&R Block's free file provides. TaxAct distinguishes itself from competitors because many of its paid filing programs come at a lower cost. It provides some of the best tax software solutions for all different kinds of taxpayers, including people with simple returns looking to file for free, as well as small business owners who have complicated tax situations and need a professional product. TaxAct has been helping people with tax preparation and filing since 1998 and has filed more than 65 million returns. How much does TaxAct cost: Products and prices.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |