5 Tax Return Software to Save Money at Tax Time
True, nobody likes doing their taxes. Not even the rich who live in luxury and have millions to spare. No wonder Margaret Mitchell wrote, “Death, taxes, and childbirth! There’s never any convenient time for any of them.”
What if I told you that there are ways to save money at tax time? I’m certain you’d be overjoyed. Well, not only can you save money at tax time, you can file your tax returns in an easy and accurate manner using tax return software. These software also ensure that you don’t get blindsided by tax codes while saving you time. Here are five tax return software you should be using.
If you ask anyone with experience or expertise in tax software, you’re likely to hear TurboTax as their first or second-best option. To start with, the platform is designed to allow for easy access and navigation. With an intuitively designed interface, you’ll receive suggestions and recommendations as you use the service.
If, for any reason, you need the help of an expert in real-time, you can switch to TurboTax live. In this mode, you can engage the services of a Certified Public Accountant (CPA) or an enrolled agent (EA).
TurboTax prides itself on being able to guarantee maximum savings to its users. It reviews your tax returns and corrects errors and inaccuracies before you file. With an ability to search over 250 tax deductions, the software helps find the maximum deduction or refund you deserve. And the best part? TurboTax is one of the best free tax software out there. You can get up to 20 returns for free. However, for more intricate tax filing such as real estate and business taxes, you may have to opt for a paid option.
H&R, since its inception in 1955, has become one of the most popular and widely-used tax preparation firms. Over the years, the firm has prepared over 800 million returns. In fact, for every seven tax returns filed in the United States, H&R prepares one.
The firm provides three options for filing:
- Drop Off: Leave your documents at any of the 11,000 offices H&R block has and the filing will be done for you.
- Do It Yourself: You can file yourself using the firm’s online software. There are recommendations and several online FAQs, as well as over 7000 tax experts to guide you through the process.
- Online Tax Expert: From anywhere, you can work with one of the over 7,000 tax experts, the company partners.
The firm has over 55 years’ worth of experience helping individuals, families and small businesses save money on tax returns. Its software service is augmented by a support staff who are on call to help you if you have a challenge.
Ufile is, hands down, one of the user-friendly tax filing software on the market. It boasts an intuitive platform that helps you to enter and review your details in an easy manner. Typically, you’ll receive warnings or error messages if there’s something wrong.
This CRA and NETFILE certified software is ideal for filing personal returns or for returns for small businesses. Operating primarily in Canada, the software stays up-to-date with all tax laws in the jurisdiction, ensuring you never miss out on a refund. If you visit Ufile’s website, chances are, you might find a promotion. With an aggressive marketing plan, the firm offers several coupons and discounts each year that you can take advantage of.
SimpleTax’s website features three prominent words: accurate, easy and simple. And that’s not an empty promise. Although relatively new, it boasts features that can rival more established brands.
First of all, SimpleTax has a smart search button that, in their own words, “lets you type almost anything to instantly add it to your return.” Start filing your returns by filling a simple form and you will be given recommendations. It also has a refund optimizer that maximizes your refund using hundreds of calculations.
StudioTax prides itself as one of the premier free tax software. Unlike many other apps, it is entirely free. You do not need details such as name, email address, login or account details, etc.
The software is CRA certified. It does not require a third-party server as it exists only on your computer, thereby enhancing security. It is available on almost every platform from iOS, Windows, Mac, to Android. If you’re looking to save money in your tax returns, StudioTax may just be your best bet.
In a Sum
Tax filing time does not have to be laborious and draining. Instead of using traditional means of filing your tax returns, opt for an accounting solution. Such software helps you file your taxes without stress and error while saving you money at the same time. Listed above are five tax return software that would make you “tax life” easier on your finances. Choose the one that works best for you and go for it.