TurboTax Business for Tax Year 2015 Box pack 1 user CD U.S. Federal only Win with E from www.walmart.com
TurboTax versus TaxAct: Which One is Better in 2023?
Introduction
Filing taxes can be daunting and overwhelming, but with the right tools, it can be a breeze. Two of the most popular tax preparation software on the market are TurboTax and TaxAct. In this article, we’ll compare both software to see which one is better in 2023.
Price
When it comes to pricing, TaxAct is the more affordable option. They offer a free version for simple tax returns, while TurboTax offers a free version for federal tax returns only. For more complex tax returns, TaxAct is still the cheaper option with their “Deluxe” version costing $24.95 compared to TurboTax’s “Deluxe” version which costs $39.99.
Features
Both TurboTax and TaxAct offer similar features such as easy W-2 imports, deduction maximization, and error checking. However, TurboTax offers a more user-friendly interface and a larger variety of features. For example, TurboTax offers a “SmartLook” feature which allows you to connect with a live CPA or enrolled agent for personalized assistance.
Usability
TaxAct has a simple and straightforward interface, but it may not be as user-friendly as TurboTax. TurboTax’s interface is intuitive and easy to navigate, making it a better option for first-time users or those who are not tech-savvy.
Customer Support
TurboTax offers a wide range of customer support options, including phone, chat, and email support, as well as an extensive knowledge base. TaxAct only offers email support and a limited knowledge base.
Accuracy
Both TurboTax and TaxAct are accurate in their calculations, but TurboTax has a higher accuracy guarantee. TurboTax offers a “100% accurate calculations guarantee” while TaxAct offers a “maximum refund guarantee.”
Mobile App
TurboTax has a mobile app that is available on both iOS and Android devices. The app allows you to file your taxes, track your refund, and access your tax documents on-the-go. TaxAct also has a mobile app, but it is only available on iOS devices.
Security
Both TurboTax and TaxAct take security seriously and use encryption to protect your personal information. However, TurboTax offers two-factor authentication, which adds an extra layer of security to your account.
Final Verdict
In conclusion, both TurboTax and TaxAct are great options for tax preparation software. However, if you’re looking for a more user-friendly interface, extensive customer support options, and additional features, TurboTax is the better option. If you’re on a budget and looking for a more affordable option, TaxAct is the way to go.
Tips for Filing Your Taxes
No matter which tax preparation software you choose, here are some tips to help make the process smoother: 1. Gather all necessary documents such as W-2s, 1099s, and receipts before starting. 2. Double-check your work to avoid errors and mistakes. 3. Take advantage of deduction maximization features to ensure you get the most out of your tax return. 4. File early to avoid the stress and rush of last-minute filing. 5. Consider hiring a CPA or enrolled agent for personalized assistance and advice.
Conclusion
Filing taxes doesn’t have to be a daunting task. With the right tax preparation software and some helpful tips, you can file your taxes with ease. Both TurboTax and TaxAct are great options, but it ultimately comes down to your personal preferences and needs.
Share :
Post a Comment
for "+27 Turbotax Versus Tax Act 2023"
Post a Comment for "+27 Turbotax Versus Tax Act 2023"