Filing tax returns is an important part of financial planning. Research often reveals problems related to financial planning. However, not making the right decision can also cause some problems in the long run. This is often also referred to as an expensive process.
With so many tax filing software options available, finding an affordable and reliable option can be very difficult. In this article, we will look at FreeTaxUSA, a low-cost tax filing software option.
We will provide an overview of FreeTaxUSA. Based on this information, we will discuss the pros and cons with you. We will also provide step-by-step instructions for using it to file your taxes and highlight what additional features and customer support options are available.
FreeTaxUSA Overview
FreeTaxUSA is an online tax filing software that has been operating since 2001. It offers a variety of tax forms and programs, including those for self-employed individuals and those with investment income.
FreeTaxUSA’s pricing is a lower option than many other tax filing software options, with a free federal tax filing option and a $14.99 fee for state tax filing. In comparison, other popular tax filing software options can cost upwards of $100 for federal and state tax filing.
FreeTaxUSA supports all major tax forms, including 1040, 1040NR, and 1041. It also offers support for popular tax schedules, including Schedule C for the self-employed and Schedule D for investment income.
FreeTaxUSA also offers a feature called “prior year tax returns” that allows users to file tax returns from previous years.
What Are The Pros And Cons Of FreeTaxUSA?
The advantages of using FreeTaxUSA include its low cost, user-friendly interface and accuracy guarantee. FreeTaxUSA’s interface is easy to use. This means that users have a step-by-step guide that helps them complete their tax returns quickly and accurately.
FreeTaxUSA also offers an accuracy guarantee, which means that it will reimburse users for any penalties or interest incurred due to errors in their tax returns.
However, FreeTaxUSA has some potential drawbacks. Customer support options are limited to email and phone support, and the free version of FreeTaxUSA does not include certain features such as priority support and audit assistance.
Using FreeTaxUSA to File Your Taxes
To use FreeTaxUSA to file your taxes, you must first create an account on the website. After creating an account, you will be asked to enter your personal and income information. FreeTaxUSA’s software will guide you through the tax filing process by asking questions about your income, deductions and credits.
Users should be aware that there may be some challenges or pitfalls when using FreeTaxUSA. For example, users with complex tax situations may find that FreeTaxUSA’s software is not as comprehensive as other tax filing software options. It is important to carefully review your tax return before submitting it to ensure that all information is correct and complete.
What Are The Customer Support And Additional Features?
FreeTaxUSA offers a variety of customer support options, including email, phone, and chat support. Users also have access to additional features such as audit support, amended returns, and state tax filing options for an additional fee. These features can be useful for users who need additional assistance or have more complex tax situations.
FreeTaxUSA is a low-cost tax filing software option that can be a good choice for users with simple tax situations. It offers an easy-to-use interface and an accuracy guarantee. However, users should be aware of its limitations, including limited customer support options and the need to upgrade to a paid version for certain features.
It is important for users to carefully consider their tax filing needs and options and choose a tax filing software that best meets their individual needs. For more information on tax filing and software options, consult a tax professional or browse resources on reputable financial websites.
