Top 4 Tax Filing Software Options for 2021
Discover the top four tax Software options for 2021, including TurboTax, FreeTaxUSA, H&R Block, and Credit Karma. These platforms cater to different needs, offering affordability, ease of use, and professional support. Choose the best fit for your tax preparation this season.
Navigating tax season can be challenging, especially when calculating accurate returns. Reliable tax software provides a helpful solution, but choosing the right one can be daunting due to the numerous options available. So, which tax software stands out as the best investment in 2021? Let's explore the top choices.
TurboTax
TurboTax remains one of the leading tax software options in 2021. It offers a guided, question-and-answer format that simplifies the process of completing tax forms, guiding users step by step. Celebrated for its intuitive design and user-friendly interface, TurboTax enhances the filing experience.
While TurboTax provides robust features, it is comparatively more costly, with paid plans ranging from $60 to $200. A free version is available, but opting for premium plans such as Deluxe, Self-Employed, or Premier helps maximize its benefits.
FreeTaxUSA
FreeTaxUSA primarily offers free federal tax submissions, including income from 1099 forms, deductions, and Schedule C. State returns cost $12.95 per state. The platform guides users through intuitive, question-based forms.
An excellent feature of FreeTaxUSA is its ability to import last year's returns from H&R Block and TurboTax, saving time during setup. It also offers a refund guarantee: if you find a service that guarantees a larger refund, they will refund your fee and credit your account for future use. Plus, they cover interest or penalties caused by delays on their end.
H&R Block
If you're seeking a cost-effective alternative that offers similar functionalities to TurboTax, H&R Block is a great choice. The software features an easy-to-navigate interface with helpful pop-up explanations throughout the tax preparation process. It allows for a review by a professional before submitting your return and offers the option to visit physical offices for personalized assistance. You can import previous year’s returns and upload images of W-2 forms seamlessly.
Credit Karma
Familiar to many for providing free credit scores, Credit Karma now also offers free tax filing services through Credit Karma Tax. After creating a free account, users can file their taxes easily. Known for responsive customer support, Credit Karma makes the process smooth and efficient.
