TaxSlayer Overview 2023 | Speedy & Correct Tax Submitting

What Is TaxSlayer?

TaxSlayer traces its origin to a family-owned tax preparation enterprise began in 1965. Over time, the corporate has advanced to offer on-line tax prep merchandise to maintain tempo with know-how and shopper wants.

TaxSlayer presents quite a lot of options and is simple to make use of — however the value level is decrease than many different tax prep software program. In contrast to another tax software program similar to TurboTax, TaxSlayer is completely cloud-based. Your solely possibility is to finish your tax return on-line utilizing your desktop or cellular system.

General, nevertheless, the interface is simple to navigate in addition to enticing and clear.

Who Is TaxSlayer Good For?

Regardless that TaxSlayer presents some help and tax assist choices, this software program is greatest for somebody who within reason assured about their tax submitting skill and doesn’t want an entire lot of assist. TaxSlayer is good for somebody who’s on the lookout for enticing software program that will get the job completed at a low value. You gained’t get a ton of bells and whistles, however you may not want them. The interface is simple to navigate whether or not you are utilizing the app or the web platform. However it would not have as many guided questions that will help you by the method.

Tax filers on the lookout for extra steering ought to think about TurboTax or H&R Block. Or, if you’d like extra strong customer support with a great finances possibility, TaxAct generally is a cheap different. As a result of buyer help choices are pretty restricted, you may not get the aid you want with TaxSlayer.

TaxSlayer Options

TaxSlayer Plans and Pricing

TaxSlayer presents on-line e-filing plans and there are 4 of those to select from: Merely Free, Traditional, Premium, and Self-Employed. All plans are backed by a most refund and 100% accuracy assure and free e mail and telephone help. That is common help for tech and product questions, not tax recommendation.

Nonetheless, solely Premium and Self-Employed include the flexibility to contact a tax skilled with particular questions on your return and stay chat with a TaxSlayer tech specialist for assist. Discover out which plan is best for you right here.

>Merely Free

Federal return: $0

State return: $0

If all you should file your taxes are the fundamentals, which means a 1040 kind with the usual deduction, you possibly can file your state and federal taxes free with the TaxSlayer Merely Free plan. This additionally permits you to declare training deductions and credit for bills and scholar loans, however you gained’t have the ability to itemize or take different deductions and credit together with the Earned Revenue Tax Credit score or Youngster Tax Credit score.

The Merely Free plan contains one free federal return and one free state return (the free state return is notable as not many suppliers provide this). It’s greatest for college kids, single filers and married individuals with out youngsters, and W-2 earners.

>Traditional

Federal return: $19.95

State return: $39.95

If you should itemize your deductions or declare any sort of earnings in addition to (or along with) W2, the Traditional plan is likely to be best for you. This on-line submitting plan contains all kinds, deductions, and credit you would possibly must take such because the Earned Revenue Tax Credit score or Youngster Tax Credit score and deductions for mortgage or scholar mortgage curiosity. You may make this model of TaxSlayer give you the results you want in case you earn freelance earnings, make investments, personal rental properties, and many others.

Whereas you should utilize the Traditional plan for advanced conditions as there aren’t any restrictions, it’s best to solely select it in case you’re absolutely ready to file with out assist. This plan doesn’t embrace skilled help. To get this function, you’ll must pay for a minimum of the Premium plan.

>Premium

Federal return: $39.95

State return: $39.95

The Premium plan with TaxSlayer contains the whole lot within the Traditional plan with extra help. Whenever you pay for Premium, you get three years of IRS Audit Help (which incorporates assist making ready inquiries if audited), precedence help by way of telephone and e mail, and the choice to speak with tech help stay by the positioning. However maybe one of the best function is the flexibility to speak to a tax skilled about your returns when you have got questions or get caught. Help is limitless.

In case your taxes are sophisticated otherwise you’d simply really feel higher understanding assistance is there in case you want it, Premium is properly price paying and really modestly priced in comparison with different suppliers.

>Self-Employed

Federal return: $49.95

State return: $39.95

For those who’re self-employed, you possibly can most likely do your taxes with Traditional or Premium, however this feature comes with a bit further steering for filling out your required kinds (similar to 1099 and Schedule C) and maximizing your benefits. And the Self-Employed plan contains help all yr, not simply whilst you’re doing all your federal or state return. It presents reminders every quarter in your tax funds, suggestions for locating deductions, and entry to a professional skilled in self-employed taxes. 

This plan has rather a lot to supply these with sophisticated taxes. It’s price noting that $49.95 is likely one of the lowest costs on the market for self-employed e-filing, particularly when you think about the extent of help this supplies.

Different TaxSlayer Merchandise

TaxSlayer additionally has a plan that enables active-duty army members to file at no cost. For those who qualify, you’ll have the ability to full your federal tax return without charge and take any deductions or credit you should with TaxSlayer. This plan is basically equal to Traditional for non-military filers.

One other product with this supplier is TaxSlayer Professional. TaxSlayer Professional supplies cloud-based tax submitting software program to skilled tax preparers. Costs for packages vary from $1,295 to $1,595.

Tax Refund Choices

TaxSlayer presents pretty commonplace tax refund choices, together with:

• Direct deposit
• Paper examine
• File & Go – permits you to deduct what you’ve paid for TaxSlayer out of your return
• TaxSlayer Visa® Debit Card  Powered by Inexperienced Dot – a reloadable pay as you go card

How To Signal Up

Reasonably than asking you questions and recommending a product, TaxSlayer simply has you start with the “Get Began” button. You’re then taken to a comparability web page that gives a number of the options of every product. When you click on the “Begin for Free” button connected to your chosen model of TaxSlayer, you’re requested if you have already got an account or if you should create one.

As with many different merchandise, you present an e mail deal with, create a username, and set a password. You’ll want to offer your Social Safety Quantity earlier than you start. Then you possibly can select to have your account verified utilizing e mail or textual content message. As soon as that’s completed, you’re taken to a web page that requires you to signal a launch of knowledge so that you can use the software program. Then you possibly can have a look at your house sidebar and begin importing final yr’s tax kinds.

Synchronization

As with most different tax preparation software program that makes use of the cloud, after you have your sign-in arrange, you possibly can swap simply between desktop and cellular variations. It’s good which you could import your W-2 from an inventory of employers, in addition to add a PDF of your earlier tax return to be able to pre-populate your data.

Cell Accessibility

TaxSlayer presents apps on Apple’s App Retailer and on Google Play and each of them are extremely rated. The interface is modern and easy to determine, and the submitting course of is fast.

You should use the app to estimate your tax refund in addition to to file your taxes. They even have their refund calculator and entry to current weblog posts to remain on prime of the most recent tax developments. If you’d like, you can begin the method in your telephone after which end in your desktop or laptop computer. This may be particularly useful when you’ve got sophisticated taxes.

Buyer Service

TaxSlayer presents common help by telephone or e mail to all customers and stay chat help to Premium and Self-Employed customers. Solely these with Premium or above can get assist from tax professionals as properly. All different customer support goes to be extra common and tech-focused, with out advising that will help you do your taxes.

TaxSlayer Professionals & Cons

>Professionals

• Free possibility. Like many different tax software program platforms, TaxSlayer has a free model for filers with very primary, simple tax conditions. In contrast to different platforms, even a state return is included at no cost with this plan.
• Low costs. In comparison with different suppliers, TaxSlayer’s charges are on the low finish, and the worth of the Traditional plan is especially good.
• Self-employed choices. TaxSlayer not solely has a really reasonably priced devoted Self-Employed plan but in addition lets filers use simply the Traditional plan for freelance, contract, or different non-employee earnings.
• Skilled help. For those who pay for a minimum of the Premium plan, you’ll get audit help for 3 years, limitless assist from an expert, and extra.

>Cons

• No software program downloads. For those who like to put in tax software program and file your returns your self, TaxSlayer shouldn’t be for you.
• No full preparation providers. TaxSlayer doesn’t provide the choice to have an expert file for you. For those who’re prepared to pay for full tax preparation providers from a professional, take a look at different platforms.