3 drawbacks of using free tax software. Check out the best tax software offers from TurboTax and H&R Block.
The main benefit of free tax software is easy for anybody to see: you get help filing your tax return without having to spend any money. While this is a huge advantage, you have to weigh it against the potential drawbacks.
As you get started with free tax software it is important to note that this type of application is only for the simplest returns. For example, anything more than one W-2 and beyond basic deductions is too much for a free tax software program to handle.
With a lack of advanced features you may find it difficult to use free tax software to file your return. Tax filers with many income streams, multiple deductions and credits, and investments should move past free software and onto something with more advanced features.
Finally, it can be difficult to use free tax software year after year because your situation is going to change. It is often times better to pay for an upgraded version so you are in position to use the same edition as the years go by. Once you are comfortable with a certain type of software you will want to continue to use it in the future to ensure speed, accuracy, and efficiency.
All in all, free tax software has its place. Just remember this: it is best for basic returns that do not call for much help.
- Free tax preparation software
- What you get with free tax software
- Tax deductions
- Tax preparation software
- E file
- Free tax software
- Free online tax filing
- Free tax software 2010
- Free tax software and college students
- Are you ready to file your tax return
- File tax return
- E file free
- Free tax filing
- File taxes online for free
- Tax software free
- Free taxes online
Small Business Software SupportPosted 16 Jun 2011
Tax Cut 2010 Compared: H&R Block Versus TurboTax Software For 2010Posted 20 May 2011
Charity Tax Deduction: How Does It Work?Posted 18 May 2011
E-file Free: Taxes And Software OptionsPosted 18 May 2011
Finding The Best Tax Preparation SoftwarePosted 18 May 2011
Tax Time Bargains: Turbo Tax Coupons And DiscountsPosted 15 May 2011
Use 2009 Tax Forms To Help Estimate Tax PaymentsPosted 13 May 2011
Differentiating Federal & State TaxesPosted 12 May 2011
Test Out Tax Software FreePosted 11 May 2011
Researching Your Income Tax PreparersPosted 11 May 2011
Your comment has been submitted
Comments are moderated and generally will be posted if they are not abusive.