Best Online Tax Software of 2023
HTML-код
- Опубликовано: 10 июл 2024
- In this video, I compare TurboTax, H&R Block, and FreeTaxUSA for 2023 (for tax year 2022). I'll give you the pros and cons of each software and tell you which I recommend, and which one I use for my own family.
DISCLOSURE: This post may contain affiliate links, meaning when you click the links and make a purchase, we receive a commission.
DISCLAIMER:
The information and opinions within this content are for information purposes only. Guidance is based on personal interpretations and in no way, represents legal or financial advice.
Chapters:
0:00 Best tax software of 2023
1:06 Interfaces
2:50 Adding a W-2
4:01 Adding other forms
5:24 Support options
6:24 Cost comparison
⛽
Save on gas with Upside. Click this link or use promo code CINDY83329 to get an extra 15¢/gal bonus the first time you make a purchase. upside.app.link/CINDY83329
💌
Sign up for the Smart Family Money email list:
smartfamilymoney.ck.page/
💰
Get a free month of my favorite budgeting program! youneedabudget.a4xxmk.net/c/3...
🤑
Get $1 free instantly by using this link to get the Step App: step.com/r/EZFIV
Or enter code EZFIV in the app.
💲
Get $5 free by using this link to get Cash App (after you send someone $5)
cash.app/app/CVLWDFM
Or enter code CVLWDFM in the app
🥑
Use this link to save 20% on my favorite meal planning app, Plan to Eat: app.plantoeat.com/ref/SmartFa...
💸
Try FreeTaxUSA for completely free federal tax filing:
www.jdoqocy.com/click-1007121...
📸
My RUclips equipment:
www.amazon.com/shop/smartfami...
🛒
My Favorite Things That Make Life Easier:
www.amazon.com/shop/smartfami...
Try FreeTaxUSA for completely free federal tax filing:
www.jdoqocy.com/click-100712109-12305389
Thank you... I am very impressed with the natural flowing progression, and advice along the way, any time. I bought TurboTax hours before seeing your video... but have not even opened that packet up yet, and I am almost done :)
Super helpful explanation. Thank you for the insight!
Glad it was helpful!
Thank you.
Thanks so much
You're welcome!
Will Turbo Tax still give me the free option if I select "Own a home"?, even though it's paid off and won't claim interest? If not, can I select the renting option to avoid having to pay an upgrade fee?
I’m not sure if our taxes are simple. My spouse entered the US in may of last year and started working in Sept. it’s hard knowing what to put because of this. On either cash app
this works great for simple returns. Wish the import feature worked for my investment forms I trade futures, options and stocks.. Way too many forms
Yeah, that's definitely the one drawback. I did try FreeTaxUSA's w-2 import feature and it was not perfect. It imported a few numbers wrong so by the time I fixed it, it probably took me the same amount of time to type it. I have a ton of forms myself, but I don't mind doing a little typing to save $100+.
@@SmartFamilyMoney I am an international student. Can I use turbo for state tax ?
@@pulakkabir2276 I believe you should be fine since TurboTax can handle state returns but I am not certain if your international status matters. I would give it a try and answer the questions and it should be clear.
why does FT-USA require a phone# and carrier info to register?
Free tax USA says that chosing Pro Support for $49.99 would provide phone support and it was a lie. Also it doesn't allow me to cancel it to a cheaper option. They lie. Now they answer my concern with this: Our phone appointments are full up to the deadline, but we are happy to help here or through our live chat service. And the live chat service is not working properly either. This is tedious.
Oh wow, I'm sorry you had to deal with that. I will keep that in mind for my future reviews.
Thank you very much for this video. Does FreeTax USA have electronic refund/auto deposit through your bank for fed and st?
Yes! You can set up your deposit to go straight to your bank account for fed and state.
I like free tax USA is free to used no fee cost also easy to used
I have a home in Florida, can I still use freetax usa and enter my mortgage and tax information to get the best return or is it just for simple returns?
FreeTaxUSA can handle that! It can do multi-state returns and partial-year residency returns. I have not run into a situation that FreeTaxUSA can't handle. It's a no-frills interface but it's full-featured when it comes to tax forms, etc.
I enjoyed your video...I'm going to do my taxes online for the first time for 2023. I'm down to FreeTaxUSA and Taxslayer. Do you have any videos or opinion on Taxslayer?
I haven't made any videos about Taxslayer. They cost a lot more than FreeTaxUSA and I don't see any advantages to them.
Turbo tax definitely the best all I did was take photos and turbo tax typed all my information in and I was done in 30 mins❗️
Does it ask for your ID?
Can u e-file? From any of these online software programs?
Having mortgage interest disqualify one to file "simple tax return"?
No, not necessarily. A lot of us with mortgage interest aren't going to use it anyway (because the standard deduction is a lot better than itemizing for a lot of folks)
My broker charged me stock hard to borrow fee of $6000 , I spoke to my broker and finally refund the $6000 back to my account. Now received from my broker 1099B that has the $6000 refund money as MISC income of $6000. Actually I do not have any income wort of $6000. How to resolve the issue in Turbo tax and where to enter. My broker said the Tax Pro can offset you MISC income to $0. Please let me know how to offset the MISC income.
which software can help with profits from a primary home sale and an investment property. thank you
Any of these can do that. I'd recommend FreeTaxUSA because it's easy an inexpensive.
How do I qualify for the free version of Turbo? Or how do I find out if I qualify?
This page has a summary of which types of things are covered: turbotax.intuit.com/personal-taxes/compare/online/
Can I use free tax USA if I have taxble annuities?
Yes, it should work fine. Here's their info about entering annuities: www.freetaxusa.com/help/display_faq.jsp?faq_id=6136
I have not watched your video yet. My struggle has been since I’m an independent contractor and a lot of my gigs I do not get 1099s since I don’t earn at $600 with them so on free tax USA how do you add that income. I can’t seem to get through the steps properly as well as I do have a 1099 and I couldn’t get to the step to claim my mileage any help is greatly appreciated. And yes I paid the extra to have them assist me but well let’s just say I’m not sure their assistance is that great
Income that isn't on a 1099 is added when you do the Schedule C. When you get to the self employment section, it'll ask you for 1099s and then the first question will be "Enter any amount of gross receipts or sales for the business that weren't reported to you on Form 1099-NEC or Form 1099-MISC"
Also in that business section, you'll see a part called "vehicle expenses" and that's where you'll enter mileage.
Can i do an amended state return on Free Tax USA?
Yes, I believe so.
@@SmartFamilyMoney Georgia 500x?
For iphone app, i have no PC
Turbotax and H&R Block have apps but I don't love them (they're kinda slow and clunky). FreeTaxUSA can be used on a mobile browser (Safari or Chrome, etc) and it's pretty nice to use. I'm also releasing a review today of Cash App Taxes and that's another good mobile option.
Use the pc's at public library!
Turbotax doesnt even offer the free option anymore they want you to pay😢
Yes they do, i used free version on iphone. They will try to trick you to select the $ version.
@@33CQV im using h and r block
I’m using a different tax software next year
They won't e-file me this year and error out my child tax credit. One screen says I can claim it, the very next screen says I don't not qualify for it. Makes zero sense. I absolutely do qualify so my child. Just filing a SSA-1099, so very simple. Yet it won't file.
Edit: Tax law change for 2022. We are back to the old way of doing things. No earned income, no tax credit. Stick it to the man any way the can!
Will you get any benefit if I use your affiliate link as a resident from a income tax free state?
No but thank you for asking. ❤️
which one do you recommend between freetaxusa and cash app taxes?
I prefer FreeTaxUSA over Cash App Taxes but it does cost around $15 for state taxes (free for federal). If you have very simple taxes and don't want to pay anything, Cash App Taxes is probably the better choice.
Thank you!🙏☺️