Filing your taxes can feel overwhelming, but the right tax software makes it easier. While TurboTax and H&R Block are two of the most well-known options, they are not the only ones available. If you are looking for alternatives that are affordable, easy to use, and effective, you have several great choices. Let us explore the best tax software you can use instead of TurboTax and H&R Block.
Best free tax software to file your taxes
If you want to file your taxes for free, there are a few solid options that cover a range of tax situations without hidden fees.
- Cash app taxes – This is one of the best free tax software options. It allows you to file both federal and state taxes for free, no income limits required. It supports many tax situations, including freelance and side gig income. However, it does not offer as much customer support as other paid software.
- IRS free file – If your adjusted gross income (AGI) is less than $79,000, you can use the IRS Free File program. This is a partnership between the IRS and tax software providers, allowing eligible taxpayers to file for free.
- FreeTaxUSA – This software offers free federal filing and low-cost state returns. It is a budget-friendly alternative for simple and complex tax returns, but premium support requires an additional fee.
Best tax software for self-employed individuals
Freelancers, gig workers, and small business owners need tax software that can handle their specific needs. Here are a few of the best options:
- TaxSlayer self-employed – This is a great option for independent contractors and self-employed individuals. It offers tax guidance for business deductions and expenses while remaining more affordable than TurboTax.
- Taxact self-employed – This software provides tools specifically for freelancers and business owners, helping you maximize deductions and navigate self-employment taxes.
- Drake tax (for professionals) – If you have a business with multiple employees or complex finances, Drake Tax is a powerful option. However, it is best suited for tax professionals rather than individuals.
Best low-cost tax software with premium features
If you want great features without high costs, these options provide excellent value:
- TaxSlayer Classic – This budget-friendly software offers all the forms needed for most taxpayers at a lower cost than TurboTax or H&R Block. It includes basic customer support and a simple interface.
- FreeTaxUSA Deluxe – The free version covers most tax situations, but upgrading to Deluxe for $7.99 adds audit assistance and priority support, making it a great deal.
- eSmart Tax – Owned by Liberty Tax, this software offers a straightforward filing process at an affordable price, with helpful customer service options.
Best tax software for investors and crypto traders
Investors and cryptocurrency traders need tax software that can accurately calculate gains and losses. These are the best options:
- TaxBit – Designed for crypto investors, TaxBit simplifies tax reporting by automatically tracking your crypto transactions.
- CoinTracker – Another great tool for crypto traders, CoinTracker integrates with exchanges and helps you prepare tax reports easily.
- TaxAct Premier – This is a great choice for stock market investors. It supports importing investment transactions and calculating capital gains with ease.
Best tax software for audit support and tax help
If you are worried about an audit or need extra tax assistance, these options offer the best support:
- TaxSlayer Premium – This version includes live chat and audit assistance, making it a strong choice for those who want extra protection.
- TaxAct Xpert Assist – This feature allows you to get help from tax experts when you need it.
- Jackson Hewitt Online – This software offers unlimited, on-demand tax support from real professionals, which can be valuable if you have a complicated tax situation.
Finding the right tax software depends on your personal tax situation. Whether you are looking for a free option, a budget-friendly alternative, or software tailored to self-employed individuals and investors, there is a great option available for you.
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