Top 4 Tax Preparation Tools for 2021
Explore the top four tax software options for 2021, including TurboTax, FreeTaxUSA, H&R Block, and Credit Karma. These tools offer a range of features from guided questions to free filing, helping users simplify tax preparation. While TurboTax provides an intuitive experience at a higher cost, FreeTaxUSA and Credit Karma offer affordable alternatives. H&R Block combines affordability with professional review options. Choose the best software based on your needs and save time during tax season with these recommended tools.
Top 4 Tax Preparation Tools for 2021
Preparing taxes can be complex and confusing. Using reliable tax software can simplify the process significantly. With numerous options available, choosing the best software for 2021 can be challenging. Here’s a look at some of the top tax programs that stand out this year.
TurboTax
Recognized as a leading tax software in 2021, TurboTax guides users through their tax filing with a question-and-answer format, ensuring accuracy and ease. It is praised for its intuitive design and seamless user experience.
While TurboTax offers excellent features, it does come at a higher price point, with paid plans ranging from $60 to $200. They also provide a free version, but opting for premium plans like Deluxe, Self-Employed, or Premier provides the full benefits of the software.
FreeTaxUSA
This platform primarily offers free federal tax filings, including forms for 1099 income, deductions, and Schedule C. Additional state filings cost $12.95 per state. The process involves answering guided questions through straightforward online forms.
One standout feature is the ability to import previous-year returns from H&R Block or TurboTax, saving time during preparation. FreeTaxUSA also offers a satisfaction guarantee: if you find a service that yields a bigger refund, they refund your fee and credit you for future services. They also cover interest or penalties caused by delays on their part.
H&R Block
For a comprehensive alternative to TurboTax without the high cost, H&R Block is an excellent choice. It provides a similar user-friendly interface with step-by-step guidance. You can have your returns reviewed by professionals before filing or visit their physical offices for expert assistance. The software allows easy import of last year’s returns and enables you to upload a photo of your W-2 form directly.
Credit Karma
Known initially for offering free credit scores, Credit Karma now provides free online tax filing through Credit Karma Tax. This service requires creating a free account. Users benefit from responsive customer support, ensuring quick and helpful assistance throughout the process.
