![]() And TurboTax guarantees that its calculations are accurate. It provides a CompleteCheck review of your return to alert you to errors and omissions. Like TaxAct Free, TurboTax Free Edition is a free program to file basic federal and state tax returns. In the event you encounter a problem with your account, username and password or account preferences, customer service is available by phone, chat or email. In addition, TaxAct Free guarantees that you’ll receive the maximum refund available and that its software is 100% accurate. TaxAct Free lets you compete and print a worksheet containing the information you’ll need when you fill out the FASFA. The program includes TaxAct Alerts that let you know if you’ve made a mistake that could trigger an audit or cause you to pay more tax than you need to.Īnother useful feature is assistance with your Free Application for Federal Student Aid. TaxAct Free and TurboTax Free Edition FeaturesĪlthough both platforms do essentially the same thing - help you prepare and file your tax returns - each has unique features and ways to support you as you work. Import last year’s return from TurboTax or other tax softwareĢ4/7 access to online community of TurboTax specialists and users Limited interest and dividend income reported on a 1099-INT or 1099-DIV Prices for other TurboTax products start at $60 Unlimited access to last year’s return for 7 years after filing deadline TaxAct's advantage was being able to import certain forms straight from Vanguard/Edward Jones/etc.Prices for other TaxAct products start at $29.95Ĭan import 1040, 1040A and 1040EZ returns from TurboTax and H&R Block They don't ask you questions which will have no effect on your return and they don't even ask you to fill out any fields that are optional so I was able to fill everything out more quickly than in other forms. I had manually entered 1099-B info into a form with TaxAct and it's easy to miss this field on the form. ![]() Later, I called a TaxAct rep on the phone and they were more helpful with giving me different intermediate numbers from the calculation so I could trace back my mistake to accidentally indicating short-term gains with category A instead of long-term with D. I tried using TaxAct's online chat to see if they could help me figure out what worksheet was being used to calculate federal tax owed but they basically just told me that the math is correct according to IRS instructions. I couldn't see any of the 1040 forms without paying TaxAct or TurboTax but FreeTaxUSA allowed me to preview the 1040 forms. ![]() By looking at various summary pages in each I was able to determine that TaxAct had calculated a different amount for the federal tax that I owe. After filling out all three, TaxAct had different final numbers from TurboTax and FreeTaxUSA. ![]() I'm glad I did this because it helped me find some mistakes that I made when entering data into TaxAct. ![]() I used TaxAct again this year because of the $10 deal but I also filled out my taxes through TurboTax and FreeTaxUSA (first time using this one) to verify the numbers. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |