TurboTax vs. H&R Block: How the popular tax-filing services compare on cost, experience, and expert help
Both TurboTax and H&R Block have high-quality user interfaces and offer access to experts. You won't go wrong with either choice.
There is one service available for military that's free for everyone: rich, poor, officer, or enlisted. It's called MilTax.
FreeTaxUSA offers a quality tax-prep experience, but it's missing a few nice-to-have features that are standard at higher-end competitors.
To find the best tax software, we reviewed 10 online tax preparers, including TurboTax, H&R Block, and TaxSlayer. Here's how they stack up.
TaxSlayer offers four tax-filing plans, including a free federal and state option for basic tax situations.
TurboTax is best for those who need more help — and are willing to pay a premium — while TaxSlayer is great for those who are familiar with taxes.
You can start preparing and filing taxes when you have your income documents. The IRS started accepting returns on February 12.
Choosing the right credit card to pay my taxes was easy — I picked one with a big welcome bonus and an equally large minimum spending requirement.
Jackson Hewitt review: A straightforward way to file taxes online or with a pro if you don't qualify for free filing
Jackson Hewitt offers a DIY plan for federal and state tax returns at $49, and a full-service expert option that's cheaper than some competitors.
Filing taxes with only W-2 income was stressful enough. But when she missed the tax deadline for S-corps, she got hit with a fine that caused panic.
TaxAct offers four tax-filing plans, including a free federal option for basic tax situations. You'll pay extra to file your state tax return.
TaxSlayer is a top value pick for self-employed filers, and a good budget option for anyone else. But there are a few inconveniences to be aware of.
TaxAct's overall pricing is fair, though customers should be careful to account for add-ons such as expert help and state returns.
Texans in all 254 counties now have until June 15, 2021, to file individual and business tax returns and make payments.
Credit Karma, a well known service that monitors credit scores, offers Credit Karma Tax to help users file federal and state taxes for free.
H&R Block has five pricing options based on how many income streams and deductions you have, starting with a free version.
TurboTax has three do-it-yourself online packages that cost between $60 and $120 for federal returns, plus an additional $50 for state returns.
She made $30,000 in her first year side hustling, but tracking all that income — and her business expenses — was a pain come tax time.
To claim a refund, the amended tax return deadline is typically within two to three years of the date you filed the original return.
Medical expenses are tax deductible if they exceed 7.5% of your adjusted gross income (AGI) for the year. This threshold can be difficult to meet.
There are a few easy ways to get a tax extension, which pushes your filing deadline to October 15, but you still have to pay your bill on time.
The IRS recommends storing tax records — including past-year returns and related documents — for at least three years and up to seven years.
If you've been hit with a big surprise tax bill in 2020, a financial planner explains how to shrink it in 2021
If you earned more money than expected in 2020 and owe extra taxes, you can make changes now to keep more of your cash next year.
The cost of tax filing fees with H&R Block, TurboTax, or one of the other online tax preparers can be deducted from your refund — for a price.
After collecting unemployment for 24 weeks tax-free, I'm facing a huge tax bill this year — but I don't regret my decision
Her tax bill is due in full by April 15, like every other American, but she's holding out hope that Congress may pass some tax-relief legislation.
TurboTax is the most expensive online filing option, but you get what you pay for: a good user experience and access to tax experts.
Community Tax specializes in tax resolution, and is a strong option for people who might qualify to reduce their debt based on financial hardship.
H&R Block review: An easy way to file taxes yourself or connect with a pro, and get your maximum refund
Taxes can be overwhelming and confusing, even for the well-versed. H&R Block simplifies the process without dumbing it down.
Between a new credit card sign-up bonus and a 0% APR offer, I'll come out ahead paying my tax bill compared to setting up a payment plan with the IRS.
Credit Karma has a brand-new checking account that's available to TurboTax customers before anyone else
TurboTax customers may like the Credit Karma checking account if they want to receive their paychecks early or receive occasional purchase refunds.
On your 2020 tax return, you may be able to claim up to $300 in cash contributions to charity as a deduction without itemizing.
The Recovery Rebate Credit — the formal name for stimulus checks — reduces your overall tax bill, and can result in a refund when you file.
Not "losing" a portion of your paycheck to taxes may sound nice to some, but it's not a luxury. Here's who has to file a tax return for 2020.
The deadline to file your income tax return is April 15, unless you get an extension. The penalty for filing taxes late is 5% of any unpaid balance.
A tax audit is an IRS investigation into whether you paid the right taxes, and it's not just for the super-rich
Tax auditing allows the IRS to double-check tax returns to make sure the right amount of tax was paid, and it could result in paying more taxes.
Tax deductions and tax credits for college students can help offset the cost of school or repaying a student loan. Here's what's available.
You may be able to cut down your tax bill with a little-known credit if you saved for retirement in 2020
You might qualify for the saver's credit if you earned less than $32,500 as a single filer or less than $65,000 as a joint filer in 2020.
"Ghost preparers" may fake information and refuse to sign a tax return, which could leave you without a refund and responsible for the inaccuracies.
You can choose from five options for your filing status: single, head of household, married filing separately or jointly, and qualifying widow(er).
Nine in 10 federal tax refunds arrive within 21 days of e-filing if the filer requests direct deposit, the method recommended by the IRS.
A high-yield savings account or CD can keep your cash safe and growing — but don't forget the interest may be taxed
Taxes on savings account interest is pretty simple. If you earned more than $10 in your high-yield savings account or CD, you'll owe some income tax.
I paid estimated quarterly taxes with a credit card despite the added fee, and unlocked a sign-up bonus worth at least $1,200
Paying taxes with a credit card makes sense if the rewards you'll earn are more than the processing fee, as long as you can pay your bill in full.
ASK A FINANCIAL PLANNER: I was claimed as a dependent in 2019, but I'm filing my own taxes for 2020 — can I get a stimulus check?
ASK A FINANCIAL PLANNER is a bi-weekly column from Insider's resident financial planner, Tanza Loudenback. This week: help with stimulus checks.
FICA, for Social Security and Medicare, and FUTA, for unemployment, make up the payroll tax. You and your employer pay separate portions of the tax.
Employees who receive a W-2 have FICA taxes withheld by their employer. In addition, the employer contributes another 7.65% of pay.
Estimate your tax liability by adding up all your income and subtracting deductions. Then, apply that figure to the tax tables for your filing status.
A tax credit is a dollar-for-dollar reduction of your tax bill. It's different than a tax deduction — you claim it regardless of whether you itemize.
Filing taxes as a business owner is time-consuming, but that's not the only reason I pay a pro $350 to do it for me
Not all tax preparers are created equal. The writer once had a bad experience with a tax professional, but has since learned what to look for.
Fun fact: The IRS doesn't actually charge you to file your taxes. It's the preparation fees from online providers that can add up.
You could save tons of money on your taxes by choosing to file jointly or separately with your spouse
Whether you should file taxes jointly or separately as a married couple depends on your expenses and income. It's generally better to file jointly.