Am I the only one who gets excited about filing taxes? Yah, maybe I am. A lot has changed this year, but filing your taxes can be easy to navigate with the right tools and the right company!
I’ve outlined my recommendations for filing taxes this season. Most of these companies have free e-filing for simple tax returns. If you do decide to use deductions or have complicated returns due to dependents or investment sources, these companies charge a nominal fee.
The following companies are reputable and you don’t need to worry about having your personal information stolen. These companies are well-known and have been around for years. Your data is safe with them.
Here are the options for filing this year:
This is one of the most popular tax filing services, and are very well liked for their ease of use. They offer free e-filing for forms 1040, 1040A and 1040EZ. State tax return is included! If you have Quicken, this is a great option thanks to import functions.
They offer a paid package ($90) for self-employed tax returns, and the state return for self-employed is additional (currently $40).
This is a top pick for tax software when it comes to value. You can file online or download their program. Their e-file is free. You will only pay according to the level of your expense complexity. For example, if you are a homeowner with a mortgage, you will upgrade to their deluxe version for $24.95. If you are self-employed you will pay the most, but it is less expensive than the same offering from TurboTax.
3- H&R Block
They offer free e-file returns for simple tax situations, regardless of income, through their website. A very organized site and trust-worthy name to file your taxes with. You can file 1040, 1040A, and 1040EZ forms with H&R Block.
The US government is teaming up with numerous tax software companies. You can file your taxes through their site for free. Side note: they do have an income limit of $72,000 to file for free on their site.
Another great resource. 1040.com is straight forward and to the point. They’re a great option for singles who aren’t itemizing. The price is $25 for everyone, no matter how much you earn.
E-filing simple federal returns is free with TaxHawk. To file state income tax returns, they charge a nominal fee of $12.95. However, if your income is less than $20,000, the state income tax return becomes free. What’s cool about TaxHawk is that they offer professional virtual assistance from a CPA for only $25.
A more expensive option is LibertyTax. They charge $45 for all 3 package options, which should cover all your possible needs. You’ll also get multi-channel support: chat, email, social, and in-person at 3000+ locations. And they offer online tax school courses!
This company has a unique way of filing taxes. They don’t state tax preparation prices, they prepare a price when your forms are complete. From what I know, a TaxBack agent assists you during the filing process. This may or may not be suitable for you. I recommend TaxBack for anyone new to taxes and who could use some help.
Another more expensive option is ESmartTax. These guys offer one price for 3 different packages, similar to LibertyTax. Recommended for anyone filing simple taxes.
What I like about this company is that they guarantee that if there is an error in the preparation of your return that results in penalties and interest, they will reimburse you for the associated penalty and interest initially assessed.
Happy Tax Filing!