Compare TurboTax® 2024-2025 Online Software Products, TurboTax Online Comparison

TurboTax covers a range of taxpayers with its three tiers — TurboTax Free Edition (approximately 37% of taxpayers qualify. Form 1040 + limited tax credits only), Deluxe and Premium. Should you require assistance, Turbo offers TurboTax Live Assisted and TurboTax Live Full Service, where you can ask an expert questions or hand over your taxes to a tax professional. Finally, users can file state tax returns through TurboTax for an additional fee in most cases. However, some states offer free filing options, so it’s worth checking local requirements before paying for the add-on.

This app will help you know the estimation of your tax payments, send you tax file reminders, and scan bank statements to discover possible tax write-offs. Choosing the perfect invoicing software is like finding your business’s financial power suit. It should be sleek, functional, and perfectly tailored to your needs. True but having someone write that you must use their professional series software is enough to get them fined.

ProSeries has all the features you’d expect from modern tax software, such as e-file management, download of tax forms from financial institutions, and K-1 data transfers between returns. It offers four pricing tiers, with a great option for small firms preparing 200 or fewer returns per year or firms that focus exclusively on individual returns. The price is very reasonable, especially if you specialize in individual returns and purchase the 1040 Complete package.

Drake Tax Pricing Plan

If your tax situation involves freelance work, rental properties or investment income, you’ll likely need to upgrade to a paid version, such as TurboTax Premier or TurboTax Premium. TurboTax offers a tool called the Deduction Maximizer, which helps users uncover tax breaks they might otherwise miss. It scans for eligible deductions and credits, including mortgage interest, student loan interest and charitable contributions. While active-duty and reserve military members may be eligible to file their federal and state tax returns for free. The online version offers the flexibility of accessing your tax information from any internet-connected device, with data securely stored in the cloud.

People on active military service will enjoy certain perks, including free access to premium plans. To access these plans, you must visit their site and input your rank. TurboTax is your software if you’re not concerned about itemizing deductions and don’t receive Social Security or W-2 income. The firm is also active on social media, where consumers can get helpful information and prepare for tax season. For some people, the idea of numbers, taxes, and preparing and filing a return is daunting. For others, taxes have become a routine chore you must do each year, grudgingly or otherwise.

Get direct access to small business tax experts who are up to date with the latest federal, state and local taxes. Small business owners get access to unlimited, year-round advice and answers at no extra cost, maximize credits and deductions, and a 100% Accurate, Expert Approved guarantee. TurboTax offers a tiered pricing structure with packages tailored to different tax situations, from simple returns to complex business filings.

Read why our customers love Intuit TurboTax

TurboTax is especially well-suited for people filing simple tax returns — think W-2 income, student loan interest and a few common tax credits. While its free version works well for basic needs, paying for a higher tier can be worth it for the added support if your return is a bit more complicated. With TurboTax Live Business, get unlimited expert help while you do your taxes, or let a tax expert file completely for you, start to finish.

Biprojit Chakraborty is a devoted and discreet person who has 3+ years of professional experience in Content Marketing. In his career, he wrote 500+ technical and non-technical SEO-optimized blogs. Lacerte is expensive, but with sophisticated returns, you should be able to recover the costs through client fees. It is not the most economical program available, but if you manage your customers through QuickBooks Online tax, the ProConnect Tax premium is well worth it.

That said, Jackson Hewitt turbotax software for tax preparers Online ‘s flat rate of $25 for a federal return and unlimited state returns is hard to beat. Unlike most competitors that feature different tiers, based on your tax situation, Jackson Hewitt Online lets you file for one price no matter how complicated your taxes are. It boasts a great free filing option with more forms than TurboTax. And it even offers live customer support with paid tiers at no additional cost.

Meet your independent tax pro, backed by TurboTax

During the process, a banner at the top of the screen keeps a running tally of your estimated federal and state refund or amount due. Our experts are backed by a team of experts and will find every tax break. They’ll keep more money in your business and get your max tax savings or your money back—guaranteed. It has time-saving capabilities, including importing paperwork from financial institutions, importing capital gain/loss transactions from spreadsheets, and connecting with QuickBooks Accountant Desktop. QuickBooks Online ProAdvisors can use ProConnect for free and only pay once the return is submitted.

• If you’ve never done a tax return, decide whether you’re up to the task.
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• Full Service Business pairs you with a specialized business tax expert who will do your taxes for you from start to finish.

Support

Yes, TurboTax has live support through TurboTax Live, you can connect with tax pros for personalized help, available with Deluxe, Premier, and Self-Employed plans. TurboTax’s “Smart Scan” technology identifies 87% of available deductions, especially useful for common deductions. However, some advanced features are limited to the premium versions.

• We have you covered if you aren’t ready to file your business’s tax return by the March 17th deadline.
• Deciding whether to go to a tax preparer or use TurboTax is a personal choice that depends on various factors.
• The software has an easy-to-use interface for quick navigation and data entry.
• In 2017, TurboTax Live Assisted was launched, allowing customers to reach out for help from a credentialed tax expert if they get stuck or have questions while preparing their returns.
• If you have an S-corp election (Form 1120-S), our experienced small business tax experts will help you take advantage of potential tax savings.

Time is always an important factor in deciding whether to do something yourself or hire somebody else to do it. Regarding taxes, you’ll spend the same amount of time gathering the documentation needed to prepare your return. That includes W-2 forms from employers, 1099 forms from banks, brokers, and other income sources, canceled checks, credit card statements, and online banking records to substantiate your deductible expenses. If you’ve never done a tax return, decide whether you’re up to the task. Recognize that you don’t have to be a math wizard—the software or online preparation site will do the calculations for you.

Furthermore, it provides specialist tools such as depreciation calculators and multi-state return capabilities, which make it easier to prepare complex returns. Drake Tax is particularly popular among small and medium-sized CPA firms because it includes all the forms required by a tax practitioner. It handles basic and difficult filers, making tax preparation more straightforward. The tax preparation software is cloud-based and compatible with iOS. It can be connected to various devices as long as you have a secure Wi-Fi connection.

Now that you know the best tax preparation software and their capabilities in detail, you can decide based on your needs. Consider simplicity of use, accuracy, customer support, price options, and interaction with other tools in your tech stack. While you can use it to file your own taxes as a tax professional, it’s not worth filing taxes only for one person. Coming next in my list of best tax software for tax preparers is H&R Block. If you want something that has similar features to TurboTax, choose H&R Block.