There are a multitude of tax return software packages out there on the Internet today for both personal and business income taxes. So how can you choose the best one in the market that will help meet your needs, let alone finding free software for your taxes? You can read this article as it will give you the low down on the best tax software available today for both personal and business income taxes.
So which tax software is the best? Take a few seconds and compare top rated online eFile tax preparation services. Personal free tax software online is now made widely available through many different companies. If you live in certain states you can file your state income tax online for free as well. TaxACT gives you a version for free and so does TurboTax. There are certain catches though from these companies. The first catch is that you have to earn under a certain amount. The second catch is if you own a house, business, or have to file the normal 1040 tax form instead of the EZ form, you can’t use this free tax software online. If you check your local state’s government website you might be able to still file your taxes online for free depending on the state you reside in.
You can find two to three free software packages, but only if you are a small business. These software versions include covering Schedule C, SE, and other applicable business forms. On the other hand, you will have to make under a certain amount of income from your business, $57,000 or less to be exact. That is the same way for all the free business tax return software. The other catch with the free tax software is that you have to be between the ages of 18 and 55 in order to qualify. Even if you go through your states free online filing you will have to meet the income requirement to file for free.
If you do not meet the income requirements you might be able to file cheaper yourself online or using a tax accounting software such as the ones mentioned in the first paragraph, for example, TurboTax or TaxACT. This could save you money over having to go to a real accountant to file your taxes. They actually end up using similar software that you will be using for your income tax return. They charge you for their expertise more than the tax accounting software they use to file your return.
Most companies that sell the products you will be using make it extremely easy to complete your taxes. They have easy to follow directions and FAQ’s that you can use in case you get stuck. Some even include a guarantee in case you get audited. On top of that, many even have a twenty-four hour call line where you can speak to an accountant or tax expert included in the price of your accounting tax software. So why would you ever go back and pay a real accountant again to complete your income tax return after discovering this easy-to-use tax software?