With all the tax services available today, you may find yourself asking “Which one is the best for me?” While we aren’t tax professionals, we may be able to guide you in the right direction. Here are five of the top-rated tax services for 2022.
Jackson Hewitt is a tax service that provides its users with the ability to file taxes either in store or online. If you wish to file taxes in store you can find many of their locations conveniently located inside Walmart stores. Many locations have evening and weekend hours which allows you the opportunity to file your taxes at a time that works with your schedule. However, if you wish to file online, Jackson Hewitt charges $25 for one Federal return and unlimited state returns. Unlike most of the company’s competition, Jackson Hewitt online charges you one price regardless of how complicated your taxes are. In addition, the company provides free IRS audit assistance and a Lifetime Accuracy Guarantee that protects against unexpected interest and penalties.
TurboTax is virtual software that provides its users with the ability to file taxes online. TurboTax allows its user to choose from a number of options, including the Free, Deluxe, Premier, and Self-employed editions.
The Free edition is appropriate for simple tax returns and covers W-2 income, earned income tax credit, and child tax credits. The Deluxe edition includes everything the free edition does as well as mortgage and property tax deductions, charitable donations, student loan interest, educational expenses and more. The Deluxe edition is the most popular of all offerings. The Premier edition includes even more features than the Deluxe edition, including tax deductions and credit for stock market and cryptocurrency investments, rental property income and refinancing deductions. TurboTax’s Self-employed edition is perfect for small business owners, freelancers, and independent contractors looking to file their taxes. The company also provides its users with the ability to access TurboTax Live which allows customers to talk to a tax professional if additional help is desired.
H&R Block offers both in-store and virtual tax assistance. The service provides its users with both free and paid versions, and features an interview-style system which helps users avoid potential mistakes. A photo capture tool allows users to easily upload W-2s into the system and the software allows for uploading files including 1099 forms, schedules A and C, charitable donations, and medical expenses.
Cash App Taxes, formerly known as Credit Karma Tax, is a virtual tax filing application. The program features an interview-style process to collect information regarding your tax situation and uses it to fill out the required IRS forms. The service allows its users to file one federal and one state tax return completely free with a maximum refund guaranteed. You will need to enter all information manually, so it is recommended that only those with very simple tax situations use the service. In addition, Cash App Taxes does not allow you to talk to tax professionals, so it is best that this service only be used by those confident in filing their own taxes.
Tax Slayer offers virtual tax preparation at a distinct price advantage. It is fully-featured software depending on your needs (not unlike TurboTax). These levels of service include Simply free, Classic, Premium, and Self-employed. The Classic option is their most popular, but the Premium option includes live chat with a “Tax Pro.” All but the Simply free option include assistance in the event of an IRS audit.
Most don’t find taxes much fun, but you can’t not do them. These services are typically faster and cheaper than hiring a tax professional to do your taxes. So, explore these options and find the best solution for you depending on your tax filing needs.