This tax season, many people will be using tax software instead of a tax accountant. Here is a listing of the best online tax software out there. Go to my online tax software page to get all the details and links for free tax returns. If you have your information ready, you can get your taxes done today and save a bunch of money over paying your local tax accountant.
* H&R block also offers a free online tax software option. They have 50 years tax experience and offer customers a great option for online tax preparation. They are the makers of the well established Tax Cut software. As with many programs today, they also offer free e-filing.
* Turbo Tax may be the most recognized name in home based and online tax software. They have joined the group offering free, basic online tax returns. They also have upgrade offers for more complex tax returns that could get you larger tax returns. Their state income tax filing can be added for around $30 (a little higher or lower depending on which option you choose).
If you are looking to maximize your tax return, you should consider starting a home based business. I started a business for under $400 as an Ambit Energy marketing consultant and that has opened up thousands of dollars a year of tax write-offs. On top of that I am making some money. You should be able to find many businesses that cost less than $500 to start and are worth many times that to you in increased tax returns even if you don’t make a penny from the business.
You are not getting tax advice with online tax software packages so keep it simple. If you are going to be claiming exotic deductions or write off business expenses, you really should get help from a professional. These programs are great if you are just going to use the standards deductions like mortgage interest, student loan interest, etc.
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