Tax season can be a stressful time for many, especially if you're trying to find the cheapest way to do your taxes. Fortunately, there are a number of options available that can help you save money while still ensuring that your taxes are done correctly. One of the most popular options is TaxAct, an online tax preparation software. It's easy to use and can help you submit your information without having to include a state return.
However, this year they had a lot of additional charges that tripled last year's amount. FreeTaxUSA is another online tax preparation software that offers free federal returns for all tax situations, including joint filing, homeownership, itemized deductions, dependents, investments, and more. Self-employed workers can also use this software for free. If you're looking for a free option, IRS Free File is a federal grant program that connects you to free tax preparation software.
Depending on the provider, you may be charged for your state return. Additionally, the Tax Counseling for the Elderly program provides free tax help to people age 60 and older. TurboTax has been offering cheap and free tax returns for over 40 years and is a great option if you're looking for something more comprehensive. However, users should be wary of paid updates as some software vendors tend to add a fee as the deadline for filing taxes approaches.
Finally, Cash App Taxes is our top choice for the best free tax software. It includes the vast majority of IRS forms at no cost and works with all states that require a tax return, except Montana. The level of support isn't as comprehensive as TurboTax or H&R Block but it does include live chat and contextual help content. Plus, it's 100% free!No matter which option you choose, make sure to examine your specific tax needs to determine if it makes sense to use the cheapest tax service.
Doing your taxes doesn't have to be expensive or complicated - with these options you can save money while still ensuring that your taxes are done correctly.