Financopedia / Tax / The 7 Best Free Tax Software
The 7 Best Free Tax Software
With the plethora of the 7 best free tax software available online, you can breeze through filing your taxes without breaking the bank.
- By Jordan Salas
- May 9, 2023
From TurboTax to H&R Block, there are several options to choose from.
But why settle for just the basics?
We’ve compiled a list of the best free tax software that saves you money and offers features like live chat support, help with audit defense, and even the option to file your state taxes for free.
So why pay for a costly tax preparer when you can do it yourself with the help of these top-rated tools?
Table of Contents
TurboTax
TurboTax software is a game-changer when it comes to filing income tax.
Be sure to know what are taxes.
The software helps ease the tax process by offering thorough guidance on tax preparations and suggesting various tax credits and deductions that you may qualify for based on your financial situation.
The software is designed with an active voice to make it easy to follow, and its interface is user-friendly.
Perhaps the most significant feature of TurboTax software is its accuracy.
The software is programmed to identify every relevant tax credit to which you are entitled.
With TurboTax, you can file your tax return with confidence, knowing that you will get every penny of your refund and avoid any penalties from the IRS.
TurboTax software is a must-have for anyone looking to save time and money while filing their income tax.
Pros
TurboTax software is the perfect solution for those who want to file their taxes with ease.
With its user-friendly interface and step-by-step guidance, you don’t have to be a tax expert to file your taxes correctly.
The software also offers the option to import your previous year’s tax information.
It saves time and ensures that your current tax return is consistent with your previous ones.
Another bonus is that TurboTax software can highlight tax deductions that you might have missed, which can ultimately save you money.
So instead of feeling overwhelmed and stressed during tax season, consider using TurboTax software for a smoother and more efficient filing process.
Cons
While TurboTax software is lauded for its user-friendly and efficient system, there are some drawbacks to be aware of before diving in.
One major con of using TurboTax for your taxes is the cost. While the basic version may be free, some users may have to pay for additional features or to file certain forms.
Another disadvantage is the lack of direct support available for those who encounter problems or have specific questions.
While there are resources available online, some users may prefer the hands-on assistance of a tax professional.
It’s important to weigh these cons against the software’s benefits before deciding if TurboTax is the right fit for you.
H&R Block
Filing your taxes can be a daunting task, especially when you’re not sure where to start.
That’s where H&R Block software comes in.
With this user-friendly program, you can easily navigate the complex world of tax regulations and rules without feeling overwhelmed.
The active voice of this software ensures that you’ll get accurate results quickly, so you can file confidently and move on with your life.
Whether you have a simple tax return or a more complicated situation, H&R Block software can guide you through the process and save you time and stress.
Plus, their excellent customer support ensures that if you do run into any issues, they’ll be there to help you out.
With H&R Block software, tax season doesn’t have to be a headache.
Also, check and learn how to avoid capital gains tax.
Pros
H&R Block is a popular do-it-yourself tax preparation software that has many pros for those who are looking for a convenient and affordable way to file their taxes.
One of the main advantages of the software is that it is easy to use and guides you through every step of the process.
You don’t need any prior tax knowledge to get started. The software will even flag any errors or discrepancies to help you avoid costly mistakes.
Additionally, H&R Block software is compatible with all major operating systems and can be used on desktop or mobile devices.
Whether you’re a first-time filer or a seasoned tax pro, H&R Block software has everything you need to make filing your taxes a breeze.
Cons
Using H&R Block software may seem like an easy way to file your taxes. There are some significant cons to consider before clicking “submit.”
First and foremost, the cost can add up quickly. While there are often promotions available, the base price for using the software is higher than some of their competitors.
Additionally, the software is not always user-friendly and can be prone to glitches, leading to frustration and potentially inaccurate tax returns.
Another significant downside is the limited help and support available.
While their customer service is accessible, they don’t offer the personalized assistance many taxpayers need, leaving some to struggle through the process alone.
So, before you decide to use H&R Block software this tax season, make sure to weigh the cons carefully.
TaxAct
Filing taxes can be a daunting task for most people, but thanks to TaxAct software, the process has become hassle-free.
With a user-friendly interface and step-by-step instructions, the software ensures that even individuals with no previous experience can file their taxes without any headaches.
TaxAct offers a range of features to help users save time and money. Such as the ability to import previous years’ data, automatic calculation of deductions and credits, and 24/7 support.
Plus, with its affordable pricing, TaxAct is a great value option for anyone looking to file their taxes quickly and accurately.
Say goodbye to the stress and frustration of tax season and hello to a new, simpler way of filing with TaxAct software.
Pros
When it comes to filing taxes, many people dread the process.
Lucky for us, TaxAct software offers a variety of pros to make the experience a little less painful. One of the main benefits is affordable pricing.
TaxAct’s fees are lower than those of many other tax software providers, so you can save a significant amount of money.
Additionally, the software is easy to use, with a user-friendly interface that steers you through the process step by step.
TaxAct also includes a variety of tools and features to ensure accuracies, such as a deduction maximizer and error-checking capabilities.
Overall, TaxAct software is a reliable and efficient option for anyone looking to file their taxes quickly and affordably.
Cons
TaxAct is a popular tax software that simplifies the tax filing process for millions of people every year.
However, despite its advantages, there are some cons that you should be aware of.
Firstly, TaxAct lacks some advanced features that other tax software platforms offer.
For instance, you won’t have access to tax planning, investment guidance, and more.
Additionally, some users have reported glitches and technical issues with the software, making the process more time-consuming and frustrating.
Lastly, it’s worth noting that TaxAct’s customer support is not as responsive as other tax software providers, leaving some customers feeling neglected.
Although TaxAct may be a convenient solution for basic tax returns, if you have a more complex tax situation, there may be other options that are better suited to your needs.
Credit Karma Tax
Credit Karma has revolutionized the world of tax software with their user-friendly platform.
With its sleek interface and intuitive design, filing your taxes has never been easier.
Credit Karma Tax simplifies the process by guiding you step-by-step through the filing process.
It also provides tips and resources along the way, ensuring you get every deduction and credit available.
Additionally, the software is completely free, providing access to all levels of filers, from basic to advanced.
With Credit Karma Tax, you’ll be able to complete your taxes with confidence, knowing you’ve submitted an accurate return.
Also, you can check the 5 best tax software.
Pros
Credit Karma Tax software is a highly recommended option for those who are looking for convenient and affordable tax assistance.
One of the most significant advantages of Credit Karma is that it offers completely free filing for both federal and state tax returns.
The software also comes equipped with a user-friendly interface that makes inputting financial data and filing returns a breeze.
Additionally, Credit Karma offers live customer support and a helpful community forum, ensuring that users can quickly get answers to any questions they may have.
With its organized and intuitive design, Credit Karma Tax software is an excellent tool for anyone seeking an easy-to-use tax preparation option.
Cons
While Credit Karma Tax may seem like the perfect tax software for those looking for a free option, there are some cons to consider.
One of the biggest drawbacks is its lack of support for certain tax forms, such as nonresident state returns or estate and trust returns.
Additionally, if you have a more complicated tax situation, Credit Karma Tax may not be the best fit, as it does not offer as much guidance as other tax software options.
It’s important to weigh the pros and cons before deciding if Credit Karma Tax is right for you.
FreeTaxUSA
Filing your taxes can be overwhelming, but with FreeTaxUSA software, it doesn’t have to be.
FreeTaxUSA is one of the best free tax software.
This user-friendly program makes it easy to file your taxes on your own, without having to pay for an expensive accountant.
With FreeTaxUSA, you can easily file state and federal taxes and also have access to customer support to ensure that all of your questions are answered.
Whether you are a first-time filer or a tax pro, FreeTaxUSA has everything you need to get your taxes done quickly, efficiently, and without all the extra hassle.
You can also check the 6 best crypto tax software.
So why not give it a try and see how easy tax season can be?
Pros
If you’re tired of paying astronomical fees to file your taxes, then you’ll be pleasantly surprised by FreeTaxUSA software.
This tax preparation software boasts numerous pros, making it a popular choice among budget-conscious taxpayers.
First and foremost, FreeTaxUSA software is completely free to use for all taxpayers, regardless of income level.
Additionally, the software offers easy-to-use navigation, straightforward language, and a comprehensive list of deductions and credits. It also provides step-by-step instructions and customer support, so you never have to worry about tackling your taxes on your own.
With FreeTaxUSA, filing your taxes has never been easier or more affordable.
Cons
While FreeTaxUSA software has its benefits, there are also some cons to be aware of.
One potential downside is the limited customer support options.
While there is a helpful FAQ section available, customer service is only available via email and can sometimes take longer to receive a response.
Additionally, the deluxe version of the software comes at a higher cost compared to some of its competitors.
Another potential issue to consider is that the software may not be as user-friendly for those who are not as familiar with tax laws or forms.
It is important to weigh these cons against the benefits when deciding if FreeTaxUSA software is the best choice for your tax-filing needs.
TaxSlayer
Tax season can be a stressful time for many of us, but with TaxSlayer software, tax preparation is a breeze!
The software is user-friendly and offers step-by-step guidance to ensure you never feel overwhelmed or confused.
With TaxSlayer, you can file your taxes with confidence and have peace of mind knowing you’re getting the biggest refund possible.
Plus, their customer support team is available to answer any questions you may have along the way.
No more anxiety-inducing tax seasons – with TaxSlayer, tax season can be a stress-free experience.
Pros
With TaxSlayer, you’ll experience lightning-fast navigation enabling you to input all your information with ease.
One of its stand-out features is the TaxSlayer Editor which auto-corrects simple mistakes automatically, saving you time and headaches.
Furthermore, the online knowledge base is available 24/7 to ensure you have answers to all your burning questions.
From the first time you log into the software, you will notice the innovative approach that is not only functional but also effective.
TaxSlayer guarantees maximum refunds and ensures the tax filing process is less burdensome. So, why not make your tax season a breeze with TaxSlayer?
Cons
One common complaint among TaxSlayer users is the lack of customer support.
If users face an issue, they often have to rely on the software’s knowledge base or forums to resolve their problems.
Additionally, TaxSlayer does not have a feature that allows users to import their previous year’s tax returns from other software.
This might be inconvenient for people who have used different software in the past and want to continue with TaxSlayer.
Another common drawback is that while the product’s basic version is affordable, it can become comparatively expensive if users want to access premium features.
Overall, TaxSlayer has some useful features.
Users should be aware of these limitations before opting for this tax filing software.
IRS Free File
If you’re looking for a simple and free way to file your taxes, look no further than the IRS Free File software.
With this program, you can easily complete your tax forms and submit them electronically. All without having to pay for expensive tax services or software.
Plus, with the help of the software’s built-in guidance, you can be sure you’re filing everything correctly and maximizing your potential refund.
So why spend money on tax preparation when you can do it all for free with the IRS Free File software?
Start filing today and take control of your finances!
Pros
The IRS Free File software is a game-changer for those who dread tax season.
Using this software allows filers to complete and electronically file their taxes for free, without having to worry about hidden fees or complicated forms.
One of the major pros of IRS Free File is that it can be used by a wide variety of individuals. From those who make less than $72,000 to those who need foreign tax credits.
This software is also incredibly user-friendly. It guides filers through each step of the process and checks for common errors along the way.
Plus, for those who want a faster refund, IRS Free File even offers the option for direct deposit.
Say goodbye to the headache of tax filing and hello to the benefits of IRS Free File.
Cons
For starters, the software can be difficult to navigate for those who are not used to filing taxes on their own.
Additionally, some taxpayers may not qualify for certain deductions or credits when using the software. It could end up costing them more money in the long run.
Overall, while it may seem alluring to file your taxes for free, it’s important to weigh the pros and cons before choosing this option.
Review
Be sure to know how to do taxes.
The process can be overwhelming and tedious.
Fortunately, there are plenty of tax software options available to make the job easier.
Here’s a review of the 7 best free tax software you can use this year.
Whatever your tax needs may be, these free software options will make the process smoother and less daunting.
Jordan Salas
Jordan is an experienced CPA and an author & editor at Financopedia. Over the past 12 years, he has written tax and financial content for leading brands. His writing has been featured in Forbes, The Los Angeles Times, Walstreet journal, and more. Jordan enjoys watching old movies and hiking in his free time.