You should already have your paperwork ready and have made your decision on whether or not to handle your taxes. If you haven’t already, now is an excellent time to begin considering your filing location for this year’s taxes.
Your individual tax status will determine the best filing method for you. For example, if you work full-time and only have one W-2 to deal with, the procedure will be more straightforward, and you can probably save a lot of money by doing it yourself online.
Depending on your situation, paying your taxes online may also be a suitable alternative if you are self-employed, work a full-time job in addition to a side gig, or have your own business.
Many online tax sites provide different tiers of service, each with other affordable solutions for specific scenarios, which is very encouraging. In the end, the less you owe in taxes, the more of your hard-earned cash you’ll have to allocate toward your other annual financial objectives.
Because we are now living in the 21st century, we are fortunate to have access to various online services from which to pick. Here are eight fantastic, low-cost, or free choices, ranging from TurboTax to Credit Karma Tax. Plus, it’s simple to start, so there’s no need to put it off. Get the process started so that you may ensure you receive your refund.
IRS Free File
The IRS’s Free File service makes filing your federal and state income tax returns easy without paying a dime.
Please be aware that if your yearly income is over $66,000, you will need to learn how to do your taxes independently, as no state tax preparation services are accessible to you.
TurboTax
Using TurboTax, you may file your federal and state income tax returns online for free if you have a W-2 and claim a standard deduction or more. You can verify if you meet the criteria, learn more about the application process, and read feedback from previous customers by checking their website.
TaxSlayer
When filing your taxes electronically, TaxSlayer can help you with both federal and state returns, and their pricing is flexible based on your individual circumstances.
Look at what other people who have used the service have to say about it.
FreeTaxUSA
When you use FreeTaxUSA, it doesn’t matter if you have complicated tax returns or not; federal filing is always free. You may still submit your federal tax return for free if you file jointly, itemize your deductions, or are self-employed.
Filing state returns does cost money, but at just $12.95 per state, it’s not too much to worry about. In addition, they offer a “deluxe” model for $6.99 that includes expedited access to FreeTaxUSA consultation, unlimited changes if you need to fix your return and audit support.
ezTaxReturn
If you meet specific requirements, including having an AGI (adjusted gross income) of $69,999 or less and file status of “single” or “married filing jointly”; not having any dependents, receiving a W-2 for your income (rather than being self-employed), and not claiming the Earned Income Tax Credit – ezTaxReturn will prepare your federal return for free.
By asking a series of straightforward questions, ezTaxReturn simplifies the process of completing your federal tax return. State tax returns, on the other hand, cost $19.95 apiece.
Credit Karma Tax
Credit Karma Tax allows users to submit their returns free of charge, regardless of their situation. They feature a user-friendly interface and provide free Audit Defense in the event of an audit. More than 400 thousand customers have rated them 4.7 out of 5 stars.
TaxHawk
TaxHawk enables users to file free federal and state tax returns for $14.99 a piece. No matter how complicated your federal return is, the government will always let you file for free. It has modest pricing for federal and state returns, but its other features are also reasonable.
For only $6.99, you may file an unlimited number of revised tax returns and get assistance in the event of an audit.
You receive individualized tax assistance over the phone from a tax professional and a step-by-step overview of TaxHawk’s online filing platform via a screen sharing for $24.99.
H&R Block
In addition to the in-office drop-off services, H&R Block also provides customers with other choices for submitting their returns online.
There are free or inexpensive choices for everyone, including services for state taxes, ranging from free filing — ideal for individuals with W-2s — to deluxe online, which is ideal for homeowners.
TaxAct
Depending on your scenario, TaxAct offers progressive pricing varying from $0 to $39.95 for online filing of federal and state taxes.
As a bonus, they provide free account assistance and a $100,000 reliability guarantee in the event of an error.
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