Online Tax Preparation Software
According to Ben Franklin, the only things certain in life are death and taxes. While no one gets to avoid death, you can make the whole tax thing a lot less ominous, and maybe keep a few more Ben Franklin's in your pocket while you're at it. Prepare taxes for 2018 earnings online.
If you use online tax preparation software to prepare and file your taxes, you'll be able to calculate your federal taxes and streamline the process as well as have your refund back faster than ever.
By choosing the right tax software for filing your income taxes, you'll be able to file your federal income tax forms for free and your state income tax forms for a modest fee. Even so, it will cost you far less than paying a tax professional to file the paperwork.
If you file your taxes online yourself, you'll be able to pocket the money you would have paid a professional instead of padding someone else's' pocket. That's got to sound good to you if you've always paid a tax pro every year, inevitably reducing your pocket cash and play money.
Income tax filing isn't that difficult when you use the right online tax preparation software program to guide you through the process. You'll find filing online to be a far easier experience than expected when you have the right tools to get the job done.
Online tax preparation software offers continuous updates to keep up with the newest changes in the tax code so you don't have to be a tax whiz to make sure you are current with new rules.
Another great feature for lowering your tax bill is the ability of the tax software to help make sure you get every deduction you're entitled to take. Filing with online tax preparation software will be a quicker, less expensive way to file income tax forms than the old paper and pencil method. You'll probably wonder why you didn't switch sooner.
How to select the right online tax preparation software for 2018 earned income
Before selecting software you'll simply need to determine what your filing needs are. Once you know that, you'll be able to read through the software offerings (Free, Basic, Deluxe or Premier) and pick the one that fits your tax situation best.
Listed here are a variety of companies offering a wide selection of online tax preparation software choices. Here's some information on just a few of the listings, including the top two rated, TurboTax and H&R Block.
TurboTax - offers the Free edition and Basic edition for simple returns and step-by-step guidance; the Deluxe edition for those who own homes, make donations or have medical deductions; the Premier edition for taxpayers who own stocks, bonds, mutual funds or rental properties; the Home + Business edition if you're a sole proprietor, consultant / freelancer or single owner LLC; the Business edition for those who have a partnership, corporation or multi-member LLC.
H&R Block - Free program for simple tax needs, step-by-step guidance: Basic program imports your W-2, 1099, last year's return, with free tax advice; Deluxe program includes expert tax guidance for homeowners and investors; the Premium program is for the self-employed or rental property owner, with schedule C guidance and live tax help.
TaxBrain - The 1040 EZ is for single or married taxpayers with no kids, the 1040 Basic is for taxpayers with children, taxable interest, EIC and more, the 1040 Deluxe is for those with itemized deductions, capital gains, AMT, S-Corp and more, the 1040 Premium is for filers who are small business owners, freelancers, or have rental income.
CompleteTax - Free edition for those filing the 1040 EZ with no children or dependants, the Basic program for those with children and itemized deductions, the Deluxe program for those with investments and retirement income, the Premium program for filers who are business owners and/or independent contractors.
Check out the programs listed on this page and find the tax software that works for you! Preparing your own return is a great way to save.