Preparing taxes can be an intimidating task. Was that essential income you received taxable? What deductions can you legally take? A good tax preparation program will provide all the answers and TaxAct is one of the most popular choices.
TaxAct is an affordable solution with a number of helpful features to make filing taxes faster and easier. In this comprehensive review, you’ll learn about the types of plans available, the benefits of using TaxAct, and the customer service options. Keep reading to decide if TaxAct is the right program for you.
What Is TaxAct?
TaxAct is an online tax filing program with software for individuals and small businesses. It offers significantly lower prices than those charged by traditional tax preparers, with software starting at just $14.99. The software is part of the Blucora portfolio, which includes other products like TaxHawk and eTax.
TaxAct Features
TaxAct offers a variety of features that make filing taxes easy, regardless of your level of tax knowledge. Here are some of the features you’ll find with TaxAct:
User-Friendly Interface: TaxAct’s user interface is simple and intuitive to use. Everything is clearly labeled and your entries are conveniently grouped into categories. You don’t need to be a tax expert to file your taxes with TaxAct.
Deductions and Credits: TaxAct helps you find deductions and credits that you may be eligible for based on your income and filing status. The program ensures that you’re taking advantage of any potential tax savings.
Tax Audit Assistance: If you’re audited by the IRS, TaxAct offers knowledgeable professionals to provide assistance.
Import Prior Year Files: TaxAct makes it easy to import your prior year’s tax information, so you don’t have to manually enter all your data.
Error Check: TaxAct’s error-check feature runs a review of your tax return to make sure you haven’t missed any important information.
Analysis of Tax Repercussions: TaxAct analyzes the potential repercussions of different filing options, so you can optimize your filing strategy.
Benefits of TaxAct
TaxAct offers many advantages that make it an attractive option for filing taxes. Here are the top benefits:
Inexpensive: TaxAct’s low prices are an attractive feature for many customers. More expensive programs can cost hundreds of dollars, while TaxAct’s software starts at just $14.99.
Accurate: TaxAct’s software is designed to minimize errors and find potential deductions and credits. You can have peace of mind knowing that it is accurate and compliant with tax law.
Free Live Help: TaxAct offers free live help to answer questions about tax filing or the software.
Types of Plans
TaxAct offers a variety of tax filing plans to meet your needs. Here is an overview of each plan:
The Free Option: TaxAct’s free option is meant for simple returns with 1040EZ or 1040A forms. It includes essential features like error check, deduction finder, and audit assistance.
Plus ($14.99): TaxAct Plus offers everything from the free plan, plus options like importing prior year files and premium customer support. This plan is meant for individuals and those using Schedule C for freelancing income.
Premium ($49.99): Premium plan is the solution with the most features. It includes everything from the Plus plan, plus complex options for Schedule D, E, and self-employed returns. It also includes business tax support and access to a TaxPro.
Self-Employed Option ($89.99): The self-employed option is ideal for those who receive 1099-MISC income or are classified as a Sole Proprietor. It includes all the features of the premium plan, plus features specific to self-employed returns.
TaxAct Reviews From Customers
TaxAct is one of the highest rated tax filing programs available. Customers are impressed by the user-friendly interface, helpful features, and affordability. Many also report that they received their refunds quickly. Here are some reviews from customers:
“TaxAct was very easy to use. I was able to import my prior year’s information and review my deductions in just a few clicks. I filed my taxes quickly and received my refund within a week. I love TaxAct and highly recommend it!” – David P., Portland, Oregon
“TaxAct is the best program I’ve ever used for filing taxes. The Error Check feature was incredibly helpful. I was able to spot potential pitfalls in my return and fix them so I don’t have to worry about being audited. I wouldn’t use any other program!” – Sally M., San Francisco, California
Customer Service
TaxAct offers support for individuals, small businesses, and self-employed filers.
For individual filers, TaxAct provides a comprehensive knowledge base with frequently asked questions and a community forum. For Plus, Premium and Self-Employed customers, TaxAct provides free live chat and phone support.
Additionally, TaxAct offers fee-based TaxPros to assist with more complex returns. They can review your entire tax return and answer any questions you have.
TaxAct is an excellent choice for those looking for an affordable and easy-to-use tax filing program. It provides features to make filing taxes simpler, like a user-friendly interface, error check, deduction finder, and audit assistance. Best of all, TaxAct is significantly more affordable than traditional tax preparers.
TaxAct also offers helpful customer service options with free live help for users on the Premium, Plus, and Self-Employed plans. You can have peace of mind knowing that you’re backed by knowledgeable professionals who can answer any of your tax-related questions.
For all these reasons and more, TaxAct is one of the most popular tax filing programs available. So if you’re looking for a cost-effective solution for filing taxes, TaxAct is definitely worth considering.
