Introduction
When it comes to filing taxes, whether you’re a small business owner or an individual, using tax software can make things much easier. Amongst the different tax software available in the market, TaxSlayer Tax Software has gained a lot of popularity. It is one of the most affordable tax software solutions, but is it worth the investment? In this article, we will provide a comprehensive review of TaxSlayer Tax Software for the 2023 tax year.
Features of TaxSlayer Tax Software
TaxSlayer offers a variety of features for personal and business tax filers. Let’s take a closer look at what is on offer.
Personal Features
TaxSlayer offers five different personal packages with varying degrees of support.
Classic
The Classic package is ideal for people who are filing a simple tax return. It includes step-by-step guidance for the federal and state questions, a free tax calculator, email support, and a guarantee that your maximum refund is assured.
Premium
Given the Premium package, TaxSlayer provides live chat support and checklists to ensure that your return is complete and accurate. It also includes all of the same features as the Classic package.
Self-Employed
This package is for self-employed individuals and small business owners. Along with all features of the Premium package, the Self-Employed version also includes support for small business deductions, quarterly tax estimates, and other tax forms.
Ultimate
The Ultimate package is one of the most comprehensive tax software solutions available in the market. Along with all the features available in Premium and Self-Employed versions, it offers assistance in audits, identity theft protection, and year-round tax support.
Military
TaxSlayer Tax Software is free for active-duty military members and veterans.
Business Features
Additionally to individual/personal tax filing, TaxSlayer provides features that enable small business owners to file their tax returns easily.
Simply Free
For small business owners looking for a free option, TaxSlayer’s Simply Free package offers guidance through an array of 1099 tax forms, calculations, and deductions.
Small Business
The Small Business package includes self-employment support, itemized deductions, and depreciation assistance.
Self-Employed
This package is exceptional for people who are self-employed but have no employees. It offers tax advice and assistance in the preparation of Schedule C and other forms.
Partnership, Corporations, Estates, and Trusts
This package is TaxSlayer’s most advanced and provides tax assistance and support for advanced business tax situations.
User Interface
The user interface of TaxSlayer Tax Software is clean, organized, and user-friendly. It provides guiding tips for each section, so, the tax filer does not need tax knowledge to fill their taxes. TaxSlayer does not clutter the user interface and delivers the main options in an easy-to-use format. The interface presents everything needed to file your taxes efficiently.
Accuracy and Security
One of the most significant concerns people have when it comes to tax software is its accuracy and security-both of which are crucial with so much personal information being shared in the process.
TaxSlayer Tax Software uses cutting-edge security measures to ensure that all customer data is kept safe and protected from hackers. TaxSlayer also provides a guarantee that if there are any errors in your return as a result of their software, they will reimburse your penalties and interest fees.
Pricing
When it comes to affordability, there are very few tax software options that can compete with TaxSlayer Tax Software. Prices start at around $17 for the Classic package, and even their most comprehensive plan, the Ultimate package, is reasonably priced at around $80.
FAQs
Is TaxSlayer easy to use?
Yes, TaxSlayer is easy to use. It provides user-friendly guidance through each section.
Does TaxSlayer offer live customer support?
Yes, TaxSlayer does offer live customer support for its higher tiered packages.
Can I file for state and federal taxes through TaxSlayer?
Yes, TaxSlayer does offer the option to file for state and federal taxes through their software.
How long does it take to complete a tax return with TaxSlayer Tax Software?
Completion time depends on the complexity of your return. However, TaxSlayer’s clean and organized user interface helps in the tax return process.
Does TaxSlayer offer a money-back guarantee?
Yes, TaxSlayer offers a guarantee of reimbursements of penalty and interest fees if there are any mistakes in your returns due to issues with their software.
Does TaxSlayer have a free version?
Yes, TaxSlayer offers a free version for military members active duty or veterans.
Does TaxSlayer support all tax forms, schedules, and credits?
Yes, TaxSlayer supports all tax forms, schedules, and credits.
What payment methods are accepted by TaxSlayer?
You can pay for TaxSlayer Tax Software using debit cards, credit cards, or direct deposit.
Can you import previous year’s returns to TaxSlayer?
Yes, you can easily import your previous year’s returns into TaxSlayer.
Is the data you enter into TaxSlayer secure?
Yes, TaxSlayer uses cutting-edge security measures to ensure that all customer information is kept safe and secure.
Conclusion
TaxSlayer Tax Software is an affordable and reliable tax filing option for individuals and small business owners. Its user-friendly interface, customer support, and accuracy make it an excellent choice for those who prefer software to file their taxes. Furthermore, they offer many additional benefits like free package for military personnel, reimbursements of penalty and interest charges, and place great emphasis on security. So for those looking for an affordable, easy-to-use, and reliable tax software, TaxSlayer Tax Software is a great choice.
