![]() For $69.95, you can prepare and e-file federal and state taxes with the Premium + State + E-file software program.Īll software and on-line versions include Worry-free Audit Support if you e-file. TaxCut’s Premium + State software program costs $39.95 and does not include e-filing. You can prepare and e-file your state and federal taxes with the on-line Premium version for $44.95. The on-line Premium version for the federal return only, which includes e-filing, costs $19.95. TaxCut’s on-line Premium versions provide extra guidance for maximizing deductions and for navigating more complex tax situations like investments and rental properties, and they offer a one-time Ask a Tax Advisor session. TaxCut offers a basic version for $14.95 that includes the ability to import data from last year’s return and e-filing. For those who don’t use the 1040EZ but still have simple taxes, TurboTax’s Basic on-line program costs $14.95. Your information is not stored from year-to-year with this free program, so you will need to re-enter personal data each time you file. All but one version allow you to import data from last year’s return, making filing your returns even faster.įor simple federal tax returns,TurboTax offers “free” on-line versions, for preparing and e-filing federal taxes using the 1040EZ form. You can use the Web-based program through your Web browser (which requires an Internet connection while using the product), download the software to your computer (and use it while not connected to the Internet) or order a CD-ROM of the program. ![]() The on-line versions are exactly the same as the comparable software programs. E-filing usually results in faster return processing, and any refund is directly deposited into a checking or savings account, as opposed to mailed out to you in check form.īoth TurboTax and TaxCut offer a variety of software and on-line versions of their respective programs. The software and on-line versions of both programs discussed here all include the option to e-file. The Free File program applies only to federal taxes, but many states offer free state tax e-filing as well. Because of the low cost of processing electronic filings, the federal government has partnered with various tax preparation services to offer e-filing for free: Qualified taxpayers (usually those filling out a 1040EZ or those with very simple tax returns) can e-file federal tax returns for free if they access the tax service’s Web site via the IRS Web site. In recent years, e-filing has become more popular. This review focuses mainly on the federal tax return, although both programs allow you to figure your state taxes as well. The step-by-step format of these programs makes it simple for individuals to complete and file taxes, even those with more complex tax circumstances. ![]() Each offers a variety of versions for different taxpayers with various investment, income and tax situations. The most widely used are H&R Block’s TaxCut and TurboTax by Intuit. Many will still let tax professionals do the brunt of the tax work this year, but more and more people will file taxes themselves with the help of various on-line and software products. With the advent of computers, the Internet and a do-it-yourself attitude, our options for filing taxes have changed. In the (seemingly) distant past, we hired a tax specialist to take care of this unpleasant task, or we set out to do it on our own, filling out each form by hand and mailing our return to the IRS before April 15. Every year we are confronted with the inevitable-filing taxes.
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