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Many providers, including H&R Block, TurboTax, and TaxSlayer, offer free versions for simple tax situations. ... 5498 for IRA contributions. ... Tax software and professionals, however, will guide ...
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.
TaxAct Features. TurboTax Features. Free: The Free edition is suitable only for the following tax situations for taxpayers using just IRS Form 1040 without any attached forms or schedules.W-2 ...
Certain tax filing software, such as TurboTax, will simultaneously file state tax returns using information filled in on the 1040 form. [47] The federal government allows individuals to deduct their state income tax or their state sales tax from their federal tax through Schedule A of Form 1040, but not both. [48]
TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct . [ 1 ]
Import last year’s return from TurboTax or other tax software. 24/7 access to online community of TurboTax specialists and users. TaxAct Free and TurboTax Free Edition Features.