Now it is tax time 2015 for filing your 2014 tax returns. Many people have not filed their tax returns yet. If you are one of those individuals and are considering a paid preparer or tax software, know that the best-selling packages are Jackson Hewitt and Intuit’s TurboTax.
You may look into online tax filing, too. The most basic tax returns are free with support provided through live chat and support email. It is possible to download your W-2 forms, and tax returns from past years can be imported from other tax companies. If you choose the TurboTax 2015 free edition or the tax package from H&R Block, you will not have access to such options as they can only import their own past returns.
Complicated returns filed through Jackson Hewitt tax locations cost $19.95, and upgraded tax software for home owners and families from TurboTax is $34.95. Owners of small businesses and self-employed individuals may purchase their TurboTax tax programs for $49.95. The price on all state returns is $34.95.
Regarding TurboTax, the company has had some trouble recently. When it increased its Deluxe edition pricing, customers were upset, and General Manager of TurboTax, Sasan Goodarzi, said that the company just did not think ahead. Also, some states would not take TurboTax returns because of concern over fraud for a short period of time. TurboTax has since made the TurboTax login more secure and given rebates on its Premium edition for those that purchase the less thorough Deluxe version.
TurboTax is giving customers free upgrades and rebates for the next year. Any program purchased before the security was upgraded will be refunded $25 until April 20, 2015.
And returning TurboTax users may take advantage of support on the earned income credit. Costs are a little higher than Jackson Hewitt: $34.95, or a full $15 higher than Jackson Hewitt. State returns prepared with TurboTax are $2 more than with Jackson Hewitt.
Lastly, TurboTax offers a small business software package for $79.99. The software allows the user to import his tax deduction figures directly from the popular bookkeeping software QuickBooks.