10 Best-Rated Online Tax Preparation Software

When tax season arrives, it brings many headaches for individuals and businesses as they organize their income and data to file their income taxes.

Consequently, the arrival of online tax preparation software has completely changed this process from a tedious and cumbersome task into a fast and comfortable one that people can even try from their phones.??

We have curated a list of top 10 online tax preparation software to help you reduce stress during tax-filing season.

1. FreeTaxUSA

Let's start with FreeTaxUSA, an economical and streamlined platform without complicated features. You can e-file federal and State taxes directly to the Internal Revenue Service (IRS).

It is a cost-effective option without frills. FreeTaxUSA is a hassle-free way to file federal and state taxes for a flat fee using its secure e-filing service without hidden charges or tricks.

It provides live support from professional tax preparers for added assistance, advanced software, and maximum return.

2. TurboTax

TurboTax is a trusted platform for online tax preparations. Through easy-to-use software, a step-by-step approach, and all the features, TurboTax addresses tax scenarios ranging from simple to complex ones.

It features multiple price tiers, starting with the free version for standard returns and culminating with advanced options for complex tax situations, such as TurboTax Premium at $129.

It also offers a featured service for small businesses at two different prices: $739+State Additional and? $1,749+State Additional.?

3. H&R Block

H&R Block offers four online products: Free Online, Deluxe, Premium, and Self-Employed, priced between $0 and $115. The free online is the most sought-after as it comes with more forms and schedules than TurboTax.

However, the best option for you will depend on the deductions and tax credits you want to claim and how much help you want.

Besides, the H&R Block plan includes free audit support. However, options that include services like communicating with the IRS will cost an extra price.?

4. TaxAct

TaxAct is a cost-effective tool for internet tax preparation, featuring affordable prices and a variety of functions to address diverse tax cases.

It is best for those with a simple tax situation. Its tax accuracy is said to be the best as compared to others.

TaxAct provides four online tax preparation options: Free, Deluxe, Premier, and Self-Employed. Each option varies in the number of IRS forms accepted.

5. TaxSlayer

Among the many things, TaxSlayer is known for its low cost, ease of use, and simplicity. TaxSlayer's user-friendly interface and features simplify and get things right even for first-timers.

TaxSlayer has various pricing plans: Classic at $37.95 + state additional; Premium at $57.95 + state additional; and Self-employed at $67.95 + State additional.

You can use Simply Free for simple returns. For more complex situations, you can opt for the paid options.

6. Jackson Hewitt Online

Jackson Hewitt is ideal for filing simple tax returns. Its interface is easy to use and economical.

The filing fee for federal and state returns, including multiple state returns, is $25. It is available in over 5,200 locations, and the brick-and-mortar offices are open in the evenings and on weekends.

7. TaxSlayer Pro

TaxSlayer Pro is for tax professionals and accounting firms. The all-inclusive software has cloud-based and desktop-based options.

Its key features include an exclusive mobile app, integrated bank products, and unlimited support in English and Spanish.

TaxSlayer Pro offers four choices: Pro Premium at $1,695,? Pro Web at $1,595 · Pro Web + Corporate at $1,995, and Pro Classic at $1,395.

8. TaxAct

It starts with a free federal filing that covers situations including W-2 income, unemployment income, retirement income, earned income tax credit, child tax credit, current students, and student loan interest.? Its paid versions are Deluxe at $49.99, Premier at $79.99, and Self-employed at $99.99.

9. Liberty Tax Online

LibertyTax Online does not offer a free-of-charge service. Nonetheless, the software is ideal for filing standard deductions and credits and offers multiple support channels such as the "Virtual Tax Pro."?

Basic returns start at $45.95 + $36.9 per state, and the premium option is offered at $85. 95.

10. Credit Karma Tax

Credit Karma facilitates tax filing through TurboTax, which Intuit owns. Both entities operate under Intuit and offer integrated services to Credit Karma members in the United States.

Members can file taxes using a TurboTax-like tool embedded within the Credit Karma platform. The platform also offers continuous insights into income and tax monitoring and refunds.

Conclusion

So, selecting suitable online tax filing software is crucial, especially to make tax filing stress-free and hassle-free. Our list of online tax preparation software provides features, payment choices, etc. These top-rated tax software can make the tax season process easier and give you confidence.

In addition to these software options, hosted tax software services offer distinct advantages. By choosing hosted solutions, users benefit from enhanced data security, automatic updates, and the ability to access their tax information from any device with an internet connection. This ensures a seamless and efficient tax preparation process, providing peace of mind and reducing the potential for errors.