What's the Best Tax Software? - Not Who You Think!
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What's the Best Tax Software? - Not Who You Think! |
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This Video Uploaded At 01-04-2021 21:00:09 |
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Before testing, I predicted that the best Tax Preparation software was going to be TaxSlayer, And hot damn, I was totally right. Whatโs TaxSlayer?!
I am going to strip away all of the marketing nonsense, and give you a straightforward comparison of all the major USA Tax Software Options for Small Businesses. I have had my own freelance and computer repair business for well over a decade, and I always used TurboTax. This video is going to show you how it may have cost me a fortune in overpayments.
0:00 What's the Best Tax Software?
0:28 TURBOTAX vs. TAXSLAYER vs. TaxAct vs. HR Block
1:16 Up Front Costs
2:21 1099EZ Form
2:58 Importing Basic Information from Last Yearโs 1040 Form
5:09 Moving Forward
6:34 Now What?!
8:18 Conclusion
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๐ฃ๐ข๐ฃ๐จ๐๐๐ฅ ๐ฉ๐๐๐๐ข๐ฆ
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๐๐ผ๐ ๐๐ผ ๐ฆ๐ฎ๐๐ฒ ๐ ๐ผ๐ป๐ฒ๐ ๐๐ฎ๐๐ ๐ฎ๐ป๐ฑ ๐ฅ๐ฒ๐๐ถ๐ฟ๐ฒ ๐๐ฎ๐ฟ๐น๐
https://www.youtube.com/watch?v=qMui5kUOap0
๐๐ผ๐ ๐๐ผ ๐ฆ๐ฎ๐๐ฒ ๐ ๐ผ๐ป๐ฒ๐ ๐๐ฎ๐๐: ๐ฃ๐ฎ๐๐ถ๐ป๐ด ๐ข๐ณ๐ณ ๐๐ฒ๐ฏ๐
https://www.youtube.com/watch?v=U9i3ppvcaA0
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https://www.youtube.com/watch?v=TVX5WR2J9jo
๐๐ผ๐ ๐ง๐ผ ๐๐ผ ๐ ๐ฆ๐ฝ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ป๐ฎ๐น๐๐๐ถ๐
https://www.youtube.com/watch?v=F4RvpcF09c4
๐๐ผ๐ ๐๐ผ ๐๐๐ฑ๐ด๐ฒ๐ ๐ผ๐ป ๐๐ผ๐ ๐๐ป๐ฐ๐ผ๐บ๐ฒ
https://www.youtube.com/watch?v=R44kQXUm9lE
๐ฆ๐ถ๐ฑ๐ฒ ๐๐๐๐๐น๐ฒ๐ ๐๐ต๐ฎ๐ ๐ ๐ฎ๐ธ๐ฒ ๐ฎ ๐๐ผ๐ ๐ผ๐ณ ๐ ๐ผ๐ป๐ฒ๐
https://www.youtube.com/watch?v=4NPFRrMYQ9Y
๐๐ผ๐ ๐๐ผ ๐ฆ๐ฝ๐ฒ๐ป๐ฑ ๐ช๐ถ๐ป๐ฑ๐ณ๐ฎ๐น๐น ๐ ๐ผ๐ป๐ฒ๐ ๐ฏ๐ ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด
https://www.youtube.com/watch?v=HR4Um4PAdZg
๐๐ผ๐ ๐๐ผ ๐ฆ๐ฎ๐๐ฒ ๐ ๐ผ๐ป๐ฒ๐ ๐ณ๐ผ๐ฟ ๐๐บ๐ฒ๐ฟ๐ด๐ฒ๐ป๐ฐ๐ถ๐ฒ๐
https://youtu.be/7yq7BeUA2eA
Tax Software is expensive, no matter which one you buy (rent, lease? Itโs only good for a single use). They are all very expensive on the front end. But the real question is which cost the most on the back-end. I systematically entered the same information into 4 of the leading products, TurboTax, TaxSlayer, TaxAct, and H&R Block. I have no affiliation with any of these companies, so this is a pure and simple personal evaluation. I thought that because taxes were nothing more than a mathematical equation, all the different software options available would spit back basically the same tax refund. Math is Math, right? Boy was I wrong.
On the surface, before purchase, the prices seemed to vary wildly, however it was all a marketing ploy. It mostly came down how much they were going to charge extra for the state filing. TurboTax included the state taxes into the initial price, this is why they seem to cost significantly more than the competition. However, everyone else listed one price for federal, then charged extra for the state. Upon realizing this, the purchase price difference wasnโt nearly as noticeable.
I have always used TurboTax, and I have always found it very easy to use. This year, I will be putting in some extra effort to try other online software so you can get the best bang for your buck. None of them are cheap. But my general experience is that itโs less about the up-front money, and more about the overall experience, and who can save you the most at tax-time, given the exact same information.
When including the up-front cost for TurboTax (best interface) at $117, and then TaxSlayer (best value) of $94.90, the clearest winner of this comparison is TaxSlayer ultimately saving me $219. So you need to decide how important Intuitโs Closed System of Quicken, Mint and Quickbooks means to you. If you donโt use the other software, go with TaxSlayer and save a bunch. If you need to import from other software, go with TurboTax. |
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