If you are looking for a reliable tax software for your business or personal use, TaxAct is one of the popular products in the market. This American software company has been around since 1998, and since then, it has been providing tax preparation services for small businesses, individuals, and corporations. In this review, we will take a closer look at the TaxAct software to help you decide whether this is the best choice for your tax filing needs.
Overview of TaxAct Tax Software
TaxAct offers a wide range of tax preparation services, including online software, download software, and mobile apps. Its online software is easy to use and efficient, allowing you to complete your tax forms within minutes. The software is designed to handle all types of tax forms, including W-2, 1099, and other common forms. TaxAct also offers excellent customer support, including live chat, phone, and email support.
Features of TaxAct Tax Software
The TaxAct software comes with several features that make it stand out from its competitors. Some of these features include:
1. Easy Navigation
The software has an intuitive interface that makes it easy to navigate. You can quickly find the forms you need and complete them in no time. The software also provides helpful tips and suggestions throughout the process.
2. Free version
TaxAct offers a free version of its software for those with simple tax returns, including W-2 income, limited deductions, and credits. This version is ideal for students, first-time filers, and those with basic tax situations.
3. Maximum Refund Guarantee
TaxAct guarantees that you will receive the maximum refund possible. If you find that you are owed a higher refund using another tax software, TaxAct will refund your fees and pay you an additional $100.
4. Step-by-Step Guidance
The software provides step-by-step guidance throughout the tax filing process. You can easily follow the instructions and complete your forms without the need for a tax professional.
5. Affordable pricing
TaxAct offers competitive pricing for its software. Its premium version is cheaper than its competitors, making it an ideal choice for budget-conscious consumers.
Pros of TaxAct Tax Software
Here are some of the benefits of using TaxAct software for your tax preparation needs:
1. Affordable Pricing
TaxAct offers affordable pricing for its software, making it an ideal choice for individuals and small businesses on a budget. Its free version and low-priced premium version are some of the most competitive in the market.
2. Maximum Refund Guarantee
TaxAct guarantees that you will receive the maximum refund possible. If you are not satisfied with the refund you receive using TaxAct, the company will refund your fees and pay you an additional $100.
3. Easy Navigation
TaxAct software has an intuitive interface that makes it easy to navigate. You can easily find the forms you need and complete them in no time. The software also provides helpful tips and suggestions throughout the process.
4. Customer Support
TaxAct provides excellent customer support. You can reach their support team through live chat, phone, or email. Their support representatives are knowledgeable and helpful.
Cons of TaxAct Tax Software
While TaxAct is an excellent tax preparation software, it has a few disadvantages. Some of these include:
1. Limited Importing Capabilities
TaxAct software has limited importing capabilities. You cannot import data directly from some popular accounting software, such as Quickbooks.
2. Limited Features in Free Version
The free version of TaxAct has limited features. You can only file simple tax returns, such as W-2 income and limited deductions. If you have more complex returns, you will need to upgrade to the premium version, which comes with a fee.
Frequently Asked Questions (FAQs)
1. Is TaxAct software easy to use?
Yes, TaxAct software is easy to use. Its intuitive interface and step-by-step guidance make it easy to complete tax forms within minutes. The software also provides helpful tips and suggestions throughout the process.
2. What types of tax forms can I file using TaxAct?
TaxAct software can handle all types of tax forms, including W-2, 1099, and other common forms.
3. How much does TaxAct software cost?
The pricing of TaxAct software varies depending on the version you choose. The free version is available for basic tax returns, while the premium version costs between $40 to $60, depending on the features you need.
4. Can I import data from other accounting software?
TaxAct software has limited importing capabilities. You cannot import data directly from some popular accounting software, such as Quickbooks.
5. Does TaxAct offer customer support?
Yes, TaxAct provides excellent customer support. You can reach their support team through live chat, phone, or email. Their support representatives are knowledgeable and helpful.
Conclusion
TaxAct is an excellent tax preparation software that offers easy navigation, affordable pricing, and excellent customer support. Its maximum refund guarantee and step-by-step guidance make it an ideal choice for individuals and small businesses. While it has a few disadvantages, such as limited importing capabilities, its benefits outweigh the cons. If you are looking for a reliable tax software, TaxAct is worth considering.
