The Truth You Shouldn't Miss for Filing Tax Online

Tax filing is a necessary duty of any citizen and you can do it by using various software and online tools. The procedure of filing tax has changed itself from writing in hand to filling electronically, because filing tax online can speed up the process of tax return submission. The article will compare some online tax filing software by listing their key features, advantages and disadvantages.

Part 1:Online Service You Can Choose to File Tax
Part 2: How to File Tax with Online Tool
Part 3: Tips for Filing Tax Online

Part 1Online Service You can Choose to File Tax

1.H&R Block

H&R Block is one of the most used online tax filing software. It has many users who are homeowners and investors. This online tax filing software can be used to start filing tax for free with limited services. It is a paid program which starts at basic service of $24.99 to file tax online. It has many versions designed for different categories of users. The free online tool is usually used to show the efficiency of this online program to the first time tax fillers. It has a mobile application to further ease the process of tax filing and also the website has a community where the users can ask for help related to tax filing. It is designed for low income individual to high income individual or organizations.

Pros:

It provides help regarding tax filing over chat.
It can help in filing all major IRS forms and schedules.
It can be used for free bay a new tax filler.

Cons:

It does not provide a comprehensive navigational outline.

It does not guide by providing examples of life events.

2.TurboTax

Turbotax is one of the most recognized online tax filing software. It can be used for free by first time tax filler. To avail all the features, this online software must be purchased; the price of the basic version is $34.99. The name of the basic version is called deluxe and there are two other versions for advanced user named Premier and Home and Business. The online tools guarantee for maximum tax refund with an assurance to double check your return. This online tool can also assist you with a mobile application to calculate certain elements on the go.

Pros:

It assists its users with a mobile application.
The website is well designed and provides the user assistance in selecting the appropriate version they need.

Cons:

The price of the basic software is comparatively higher than other similar products.

The free services are at minimum and it may not be very helpful to the users.

3.Intuit

Intuit is an online tax filing software which can help you to file your tax easily and effectively to file tax online. The lowest price category of this software is $10.95 for 300+ returns for individuals. This website is packed with many individual tools to show the calculations and instructions to follow while filing the tax return. It has feature to chat with specialist on tax filing.

Pros:

It has mobile applications to support the users.
A free trial for filing tax is available for first time users.
Online community to find solutions.

Cons:

It does not have schedules like C,D and E.

The support website allows anyone linked to the website to answer customer queries.

4.TaxAct

Taxact is an online tax filing software to calculate your tax which allows you to complete your tax return in a simple manner. The online tool offers a free trial for the first time users which is ideal to fill up simple tax returns. It gives access to more than 300 tax deductions. The paid version of this starts at 9.99$ called the basic version. It provides step by step guidance and unlimited phone support to the users to fill up your tax file. It has a mobile application called the Taxact express which is available in all major mobile operating system. Additionally, it provides email help to its users when ever required.

Pros:

Provides customer guidance on how to file tax online within the program.
Well designed and includes all the major forms related to income tax.
The web tool is secured with various online security software.

Cons:

It does not provide chat help to the users.

They provide phone support with additional fee.

5.TaxSlayer

TaxSlayer is an online tool that can help you prepare different types of federal income tax returns. This program offers different versions of its program to different types of needs of the users to file tax online. The basic version has been tailored to create the 1040 return. It provides guidance in every page asking various questions to the user. The users can use an also use additional mobile tools to further enhance the saving in tax. The website guarantees for privacy and security regarding your financials. They also provide an option to deduct their tax filing fees directly from your federal tax fund. It starts at a price of $12.99 which is meant for individuals who are employed or have a small business.

Pros:

Easy to use with availability of all major forms.
It also provides content based help.

Cons:

It does not provide a comprehensive navigational to its users.
There is no option for hyperlinked help in interview.

Part 2How to File Tax with Online Tool

Filing tax is not a tough task, you can easily do it by following a few instructions. The step by step guidance is given below will show you how to file tax online, by following these steps you can file your tax yourself.

Step 1: First of all search for online tax filing programs. Go to the website you selected for tax filing. You have to purchase a package or you can use it for free if you are fling tax for the first time.

Step 2: As soon as you enter into the process you have to enter your name and other details about your income source. Enter the details and move on to the next step.

Step 3: Here, you have to enter your employer identification number and you will get basic details on how to file tax online. After that you have to fill in your personal information in detail. You have to enter your federal wage information and much other related information.

Step 4: After that you have to select many different options that apply to you on the basis on the information asked. After finishing it you have to enter the details of all sources of your income with the amounts.

Step 5:For the next steps the online tool itself will provide assistance to you in completion of your tax return. After finishing the tax return you can review and double check. Final you will get the amount of your tax refund.

Part 3 Tips for Filing Tax Online

●Remember to select the best tool that applies to you. Do not select any added features which you might not require. This will lead to increase in the price of service.
●Try filling your tax return for free if you are using this software for the first time. This will help you to judge the software at least to some extent.
●Don’t simply select an online tool without looking into its filing features and customer reviews. Each and every online program has its own advantages and disadvantages and select the best tool.
●The tax software should include explanations of tax laws or quick links to IRS forms, make sure they do have the option otherwise look for another online program.
●Remember to include you tax filing fee into the tax return which might help to reduce your tax to some extent. Some of the online tax software have these options integrated and make deductions automatically.
●The support provided by these online tax filing might add extra charges remember to consider these factors while selecting the online tool and online support system.
●Remember to look for guarantee for accuracy of the product. These online tools have made it fast and easier to submit the tax return faster than the conventional method.