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We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
The best tax software for self-employed contractors is not necessarily going to be the same as the best tax software for small business owners, professionals or even tax preparers.
For tax year 2024, filers with incomes of $79,000 and below can take advantage of the guided tax preparation option and file a federal return electronically for free via an IRS partner site.
TaxAct is a member of the Free File Alliance, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies. [13] In November 2022, private equity firm Cinven agreed to acquire TaxAct for about $720 million ...
According to the National Association of Tax Professionals (NATP), TaxSlayer Pro is one of the top-rated software packages for tax professionals in the U.S. [1] In 2015, the IRS awarded TaxSlayer with the exclusive five-year contracts for the VITA and TCE programs, which provide electronic tax preparation assistance for taxpayers who are low ...
The IRS Free File program is a compromise between the IRS and for-profit tax software companies that enables lower and middle-income filers to file their taxes for free while ensuring the IRS does not develop its own free-to-use tax software that would compete with private, for-profit tax software companies.