FreeTax USA Review Features & Pricing in 2022
Tax season is nearly upon us, which means many of us will be digging into our old tax returns to see what we owe or filing taxes for the first time as self-employed freelancers or side hustlers. This year, I’ve decided to review my favorite (and now one of the most well-known) online tax software providers, FreeTaxUSA, and see how their features and pricing have changed since I started using them in 2016. Has anything improved Have any of their features gotten worse Are there better options out there that are worth switching to Let’s find out!
Free tax filing features
While most tax software offers free filing for simple returns, FreeTaxUSA provides free filing for all federal and state returns. That’s a rare feature, and it’s one that can save you a lot of money if you have a complex return. A downside is that there are some features, like the ability to import W-2 data or use the app for an IRS audit, which requires a paid upgrade. However, these upgrades are inexpensive enough to be worth considering if you need them. In total, FreeTaxUSA is significantly cheaper than competitors like TurboTax and H&R Block. The big caveat with this option is that they don’t provide any guidance; they’re just a tool.
Filing fees and discounts
Filing your taxes with FreeTaxUSA is free for both federal and state taxes. They also offer a discount for students, military members, and seniors. If you have a simple return, you can file for free. You only have to pay if you have a more complex return or if you want to file your taxes electronically. Even though the cost of filing is low, you’ll get great customer service from knowledgeable agents. Agents are available from 7am-7pm EST Monday-Friday and 9am-5pm EST on Saturdays. The downside to this service is that it does not provide any help if you need assistance with itemized deductions or preparing tax forms like Schedule A. However, they do provide step by step guidance through the filing process which makes it perfect for people who haven’t filed before and don’t know where to start!
Business filers
The IRS offers many different options for businesses to file their taxes, but FreeTaxUSA is one of the most popular. Why Because it’s affordable and easy to use. In this post, we’ll take a look at the features and pricing of FreeTaxUSA so you can decide if it’s the right tax filing solution for your business. •Features A complete list of the available features offered by FreeTaxUSA would be too long to publish here, but there are some standouts. First off, you’ll be able to quickly access prior-year returns and estimate your potential refund or balance due with little effort on your part.
There’s also an advanced search tool that will allow you to find what deductions may apply specifically to your situation. One drawback that might make other options more attractive is that there’s no form builder; this means filers must have documents prepped before getting started with their return. However, we like that there are about 50 templates available for use within the software which should help streamline the process somewhat.
Where it works best
FreeTaxUSA is best for those who are comfortable preparing their own taxes and just need some guidance. The software is easy to use and very affordable, making it a great option for those on a budget. While it doesn’t have all the bells and whistles of some of the more expensive options, it does everything most people need. Plus, its customer service is available 247 and they can walk you through any questions you might have.
