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With the start of every new year, the minds of many citizens turn to tax preparation. There are a multitude of options available to taxpayers today John Miller Youth Jersey , and it can sometimes be difficult to decide what preparation source is best for you. One of the simplest and most convenient ways to prepare your taxes is through the use of tax preparation software. However, with all of the different software options available, it’s hard to know which is best. Below, you will find a review of some of the most popular tax preparation software packages on the market.
TurboTax is one of the most well-known tax software packages available. For simple tax returns Shaq Lawson Youth Jersey , TurboTax is efficient and easy to use. However, for more complex cases, it may be difficult to find the forms you need. Fortunately, TurboTax offers a live community that allows user to find answers to any questions they may have about the software.
H&R Block At Home
H&R Block is one of the best tax software packages available for simple tax returns. The data entry screens are extremely easy to read and understand. In addition Dion Dawkins Youth Jersey , H&R Block includes audit support for their customers in which a tax professional will assist you in defending your return if it becomes subject to an IRS audit.
TaxBrain is a more unique type of tax preparation software that uses data entry forms to gather the required information from the user. Since its format is extremely different from the interview-style method used by the previous two programs, TaxBrain is most suited for those who have few deductions to worry about. In cases with few complexities, TaxBrain is much quicker and simpler. However, those with itemized deductions Zay Jones Youth Jersey , investments, business income, or other more complex tax issues will spend an unnecessarily large amount of time filling out forms with this software.
TaxACT Deluxe is the best tax software for individuals and families with tax returns that are expected to be fairly straightforward. TaxACT includes premium features, including a unique feature that allows students or parents of students to construct a college financial aid worksheet that can be used to fill out the FAFSA application necessary for college students. At the present time Tre'Davious White Youth Jersey , TaxACT Deluxe is the only tax software that has this capability. In addition, TaxACT Deluxe comes at a relatively affordable price.
eSmart Tax works through an interview-style system. The software guides you through questions about your income and various deductions. The program will then only ask you questions that are relevant to your particular situation. eSmart Tax was chosen to receive the 2011 Reader’s Choice Award for best tax software from About.
CCH Complete Tax is another good tax software program that allows the user to answer simple interview questions and enter data in an easy-to-navigate environment. However, users of these programs must have at least a basic knowledge of the tax return process.