![]() The interface is primitive, HTML in other words, functional but not visually engaging. ![]() TaxAct provides online support in the form of searchable resources on tax terms and guidance for filing your return. weekends (and later during peak tax season in mid-April). Hours of operation are more limited than at TurboTax this service – and technical support – is available from 8 a.m. The service also supports screen sharing, but not live chat. Xpert Assist lets you schedule a call back (only available in some states) or talk live to CPAs and other tax experts and get your tax questions answered for free. Premier adds support for investments and cryptocurrency, sale of home, and K-1 income, while Self-Employed is required for supporting freelance and business income, and a Sole Proprietor version targets single-person business. The Deluxe version adds a litany of additional forms, including adoption credits, student loans, and Health Savings Account, plus support for Schedule A itemized real-estate taxes and mortgage deductions, and Schedule SE self-employment taxes. But TaxAct's free version lacks basic interest income and student loan interest, both of which come with TurboTax's free product.Īs you step up through the available tiers, you will gain access to additional tax forms this is where having the expertise to know which forms you need helps ( view the comparison chart). For example, the free product includes access to multiple tax forms, including unemployment income and retirement income (not typically offered by other free products) and will handle the Earned Income Tax Credit and Child Tax Credits. TaxAct Deluxe review: FeaturesĪs with other tax software, the amount you spend for TaxAct will determine the features and IRS forms support you get. One state e-file per form is included free in bundled scenarios. State tax filing costs $39.95 with the free TaxAct service, and $54.95 (a $10 increase) per state on the other tiers of service, unless you're buying one of the home and business bundles or you've downloaded TaxAct. TaxAct Deluxe charges extra for state returns. TaxAct also offers business filers the chance to get bundles that include individual and business forms.Īudit defense through partner ProtectionPlus costs an extra $49.95 (up $5 from last year). Each of these options has a downloadable version at a premium ($159.95 for the Sole Proprietor, $199.95 for the rest). In addition to these products, TaxAct has another four business-specific options: built around whether you have a Sole Proprietor (Form 1040C, Schedule C) ($94.95), Partnership (Form 1065) ($124.95), a C Corporation (Form 1120) or an S Corporation (Form 1120S) ($124.95). And it has TaxAct 2021 Tax-Exempt Organizations ($124.95 download) for those who run an organization subject to sections 501(a), 5(a)(1). TaxAct distinguishes itself by having TaxAct Estates & Trusts (Form 1041) ($124.95 online and download) for handling filing a return for an estate or trust. The inclusion of Xpert Assist across all tiers is a big differentiator for Tax Act, but if you start your taxes later in the game, you might end up paying mightily.Īll four of the aforementioned tiers are also available for download, but these prices went up year-over-year ($44.95 plus state return, and $139.95, $149.95, and $159.95, respectively including one state return). This service provides live answers from CPAs and other tax experts via phone and screen-share. (Pricing thereafter is not published at this writing.). This year, those prices continue to be lower than either of the behemoths: TaxAct Free, Deluxe ($46.95), Premier ($69.95), and TaxAct Self-Employed ($94.95).Īs noted in the intro, Xpert Assist remains free across all tiers, but only until March 20. The primary step-ups from TaxAct's free version have always closely followed the industry standards used by TurboTax and H&R Block, but at lower prices. ![]() You have to pay for state returns separately. We laud TaxAct’s variety of options, but here will focus on the four core products in its online Federal portfolio.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |