When we think about tax season, we often dread the amount of time and effort that goes into preparing and filing our taxes. However, with the introduction of various tax software in the market, the process has now become much simpler. And TaxSlayer is one such tax software that has gained immense popularity in recent years.
What is TaxSlayer?
TaxSlayer is a tax preparation company founded in 1995. They have been providing tax software services for more than two decades and have over 4 million users today. TaxSlayer offers relatively low prices compared to many other tax preparation software programs. TaxSlayer offers four different tax-filing products: Free, Classic, Premium, and Self-Employed. Each product is more comprehensive and expensive than the one before it. The prices range from $0 (for the basic “Free” version) to $54 (for the “Self-Employed” version).
Pros of TaxSlayer
- Low cost – TaxSlayer has one of the lowest costs among tax software products on the market today.
- User-friendly – The software is relatively easy to use, even for those who have no previous experience with tax software.
- Free version – TaxSlayer offers a free version that is great for simple tax returns.
- Live customer support – TaxSlayer offers a live chat, phone, and email support that is available 7 days a week.
Cons of TaxSlayer
- Limited features in the free version – As expected, the free version has much less features than the other paid versions.
- No mobile app – TaxSlayer does not offer a mobile app unlike many other tax software products.
- Support wait times – Support wait times can be long and slow during peak seasons.
Features of TaxSlayer
1. User Interface
The user interface of TaxSlayer is user-friendly and straightforward, allowing you to navigate easily through the software. Each screen is divided into sections and frames to help you keep track of where you are in the tax preparation process.
2. Tax Preparation
TaxSlayer provides a step-by-step guide and explains each section in detail, making it easy for users to enter their tax information. There is an option to import your W-2 forms by uploading a PDF, which makes the process even smoother and more efficient.
3. Deductions and Credits
TaxSlayer offers a comprehensive list of deductions and credits, including child tax credit, education credit, and mortgage interest deduction. The software also provides guidance on which deductions and credits can save you the most money.
4. Live Customer Support
TaxSlayer’s customer support is available through phone, live chat, and email. The support team is available seven days a week, making it convenient for users to get their questions answered quickly.
FAQs
1. Can I import my previous year’s tax return on TaxSlayer?
Yes, TaxSlayer allows users to import their previous year’s return, which can save time and make tax preparations easier.
2. Can I use TaxSlayer if I am self-employed?
Yes, TaxSlayer has a “Self-Employed” version that is specifically tailored to individuals who are self-employed.
3. Is TaxSlayer’s free version sufficient for simple tax returns?
Yes, the free version of TaxSlayer is sufficient for simple tax returns. However, if you have more complex tax situations, you may need to use one of TaxSlayer’s paid versions.
4. Can I file my state tax return using TaxSlayer?
Yes, TaxSlayer offers state tax return preparation and filing for an additional fee.
5. How does TaxSlayer compare to other tax software products on the market?
TaxSlayer is one of the most affordable tax software products on the market and has many features that are similar to other, more expensive software products. However, each software product has its own unique features and pricing structures, so it’s important to do your own research before choosing the one that is best for you.
Conclusion
Overall, TaxSlayer is a great choice for individuals who are looking for an affordable tax software that is easy to use. With a range of products available to suit different needs and budgets, TaxSlayer is a great option for most tax situations. While it may not have all of the features and capabilities of other, more expensive tax software products, it is a solid option that can help you prepare and file your taxes with ease.
