Online Tax Software

Here is a listing of the best online tax software out there. If you have your information ready, you can get your taxes done today and save a bunch of money over paying your local tax accountant.

• Tax Act Online is my personal favorite for online tax software. They give you a free federal tax return and only charge you $13.95 to do your state tax return if you need to do that. They will also e-file your return for free so it gets to the IRS immediately and you don’t have to worry about the post office losing your return.
• Tax Brain is a service that helps you through your tax return. You set up your profile and answer some questions. The software prompts you to enter the right information, completes the forms, then recommends which option is best for you. You can also do your state tax return with Tax Brains online tax software.
• H&R block also offers a free online tax software option. They have 50 years tax experience and offer customers a great option for online tax preparation. They are the makers of the well established Tax Cut software. As with many programs today, they also offer free e-filing.
• Turbo Tax may be the most recognized name in home based and online tax software. They have joined the group offering free, basic online tax returns. They also have upgrade offers for more complex tax returns that could get you larger tax returns. Their state income tax filing can be added for around $30 (a little higher or lower depending on which option you choose).

One thing to remember when using tax software is that you are not getting tax advice. If you are going to be claiming exotic deductions, you really should get help from a professional. These programs are great if you are just going to use the standards deductions like mortgage interest, student loan interest, etc.

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