Year 2015 has started and we need to get down to submitting our 2014 tax returns. The Internal Revenue Service will start the 2015 tax filing season on January 20, 2015. Getting your tax return right can save you hundreds or thousands of dollars.
While using a CPA or tax professional is a valid option, it can be costly – typically $200-$800 per person. Therefore, using a tax software is often the best solution. These software cost only a fraction of the price and can calculate and submit all tax return forms for you. Most of them have the federal filings for free.
You till typically need your W-2 form and enter the data into the right boxes. Then you may want to claim certain expenses: the top online software can help you with finding the right type of expenses that you can include and lower your tax liability by hundreds of dollars.
These are the top tax solutions as reviewed by our experts.
TurboTax has several different versions: Premier (read our review), Deluxe (read our review) and home (review.) Their free tax preparation software can help you fill out simple forms, like the 1040EZ, 1040A, and 1040. For more complex form you will have to use one of the paid versions.
To see the full comparison please visit our comparison chart
Please let us know if you have any questions.
Happy tax season!!