I use tax software to do my taxes each year because it makes it faster, easier, and more accurate than filling out the forms on my own. I prefer the Turbotax Basic Edition, but it isn’t necessarily all that much better than its biggest competitor, H&R Block (formerly TaxCut). I would recommend you use the same one each year for familiarity’s sake, but also because it can usually pull in your info from last year to make it even quicker the next time. They are generally priced nearly exactly the same.
If you do use tax software, you can support this website at the same time by buying it through one of the links below. From Turbotax I receive 15% plus $0.80 as a referral fee. H&R Block provides a similar referral fee ranging from $6.80 to $10. E-Smart Tax gives me a referral fee of 20%, or $1 for the free version. Prices available through these links are displayed below:
Free Edition (Online only): Free Federal, State $27.99 each (Total $27.99)
Basic Edition (Online): Federal $19.99, State $36.99 each (Total $56.98)
Basic Edition (Downloaded): Federal $29.99, State $39.99 each (Total $69.98)
Deluxe Edition (Online): Federal $29.99, State $39.99 each (Total $69.98)
Deluxe Edition (Downloaded): Federal and State $59.99
Premier Edition (Online): Federal $49.99, State $36.99 (Total $86.98)
Premier Edition (Downloaded): Federal and State $89.99
Home & Business (Online): Federal $74.99, State $36.99 each (Total $111.98)
Home & Business (Downloaded): Federal and State $99.99
Be aware that if you have a Vanguard account you can get cheaper prices on Turbotax through that account on the more expensive versions. Basic Edition is the same price there as through these links and the Free Edition is not available at Vanguard.
This is the former CompleteTax, which I assume Liberty Tax bought. Their website does not make the state tax fee very clear, but I believe it ranges between $19.95 and $29.95. The criticisms I’ve seen are that their interface isn’t as slick as TurboTax and H&R Block.
Tax Slayer is the new kid on the block. The price is obviously very attractive ($20 vs $57 for the basic with one state). They offer a little less support (and don’t pay me any commissions) but if you’d like to try them, I’d like to hear what you thought about them in the comments below. Military members file for free with Tax Slayer.
Although it’s a pain in the butt to do your own taxes, it may save you a lot more than an accountant’s fee. Doing your own will help you learn how to make tax-savvy decisions throughout the year. Happy Tax Season!