Top Tax Filing Software Picks for 2018
Explore the top tax software options of 2018 designed to simplify your tax filing process while saving money. From TurboTax to Credit Karma, find software that fits your needs, whether you seek ease of use, professional support, or affordability. Learn how these tools can streamline document management and maximize deductions, making tax season less stressful and more efficient.
Top Tax Filing Software Picks for 2018
Hiring a professional accountant to handle your taxes typically costs around $275. However, if your financial situation is straightforward, using tax software can be more cost-effective. By selecting the right program based on your needs, you can save time and money without sacrificing accuracy. While some options are pricier, they are generally more affordable than professional services. Below are some of the best tax software options of 2018 that help simplify the process of gathering documents and filing your returns:
TurboTax
Recognized as one of the leading tax preparation tools, TurboTax allows users to import employer data via employer IDs, streamlining the process of answering tax questions. Users can also scan W-2 and 1099 forms using their phones, minimizing typographical errors. The software features an “expense finder” for self-employed individuals, which automatically retrieves deductible expenses from bank accounts and categorizes them. If needed, users can chat with tax professionals directly through the platform. TurboTax is available online at approximately $50.
H&R Block
Known for its user-friendly interface, H&R Block guides users through their tax return process by asking relevant questions. Similar in features to TurboTax, it offers a comprehensive “Help” section for tax filing queries and professional advice via their website. The free version, “More Zero,” has limited features, while the full premium package costs around $100 and offers advanced tools.
TaxSlayer
Initially designed for tax professionals, TaxSlayer offers a straightforward experience for individuals with simple returns since the 1990s. Its quick filing feature allows users to type keywords for easy navigation. Two main options are available: “Guide Me,” which provides step-by-step assistance, and “Enter Myself,” suitable for more experienced filers. The basic plan costs about $40, while the self-employed version is around $55, with increased support features in the premium package.
Liberty Tax
Among the top options in 2018, Liberty Tax allows users to select specific areas of their tax return to work on, with task sequences and suggestions. Included in the price is audit support, with upgrades available for audit representation. Note that Liberty Tax software cannot be used on tablets or smartphones. It can be purchased via online code, with prices ranging from $15 for EZ edition to nearly $40 for the full-featured version.
Credit Karma
Launched in 2016, Credit Karma offers not only credit score monitoring but also tax filing for both state and federal returns. It is capable of handling more complex tax situations beyond simple forms like 1040EZ or 1040A. The interface is organized and easy to navigate, asking questions to calculate your taxes efficiently. Although live assistance isn’t available, email support is offered. The service is $30 per month if used regularly.
