If filing your taxes is as intimidating as going to the gym, yet you don’t want to pay the high fees tax preparation companies charge, you may consider a software program to file them yourself.
TaxSlayer provides everything you need to file your taxes from the comfort of your own home but at a fraction of the price the local tax preparation company charges. They provide all the tools you need to ‘slay’ your taxes, but they offer four programs – which one is right for you?
If you have a simple tax situation (only a 1040), you’re in luck. The Simply Free program files your taxes (state and federal) for free. You don’t have to sacrifice support or be on the hook for mistakes either – TaxSlayer provides phone and email support and the same 100% accuracy guarantee they offer on all their programs.
The Simply Free version includes everything you need to file a ‘basic’ tax return at both the federal and state levels including:
You can only use the TaxSlayer Free Edition if you meet the following:
The TaxSlayer Free Edition is completely free for one federal and one state tax return.
If you don’t qualify for the free edition, the Classic Edition fits most situations. There aren’t any restrictions on specific situations (including self-employment) and TaxSlayer helps you get the maximum refund.
The Classic Edition suits almost any tax situation and includes:
Anyone can use the TaxSlayer Classic Edition. They have no restrictions. You can even use it if you’re self-employed. While there are benefits of upgrading to one of the higher plans if you have a complicated tax situation, if you’re trying to stick to a budget, the Classic Edition provides plenty of support and addresses all situations.
The Classic Edition costs $24.95 to file your federal tax return. If you also want to file your state return, TaxSlayer charges an additional $39.95.
If you like live chat options or want priority phone support, the Premium option is a good choice. It covers all the same tax situations as the Classic edition, but you get help from a tax professional and can skip to the front of the line when you need help.
The Premium Edition includes everything from the Classic Edition including:
If you like a bit of hand-holding while you file your taxes, the Premium version offers the support you need at a fraction of the price of using a live advisor.
While anyone can use the Classic version, you don’t get the same level of support. Whether you’re new at filing your own taxes or you have a difficult tax situation that having personal support would make you feel better, this plan is a great option.
The Premium Edition costs $44.95 for a federal return. If you also need to file your state taxes, it’s an additional $39.95.
Self-employed individuals have more complicated tax situations than most others. If you’re concerned about your type of employment, have questions about deductions, or need specialized support just to make sure you’re doing your taxes right, the Self-Employed option is a great choice.
The Self-Employed edition includes everything the Classic and Premium editions include with the addition of the following:
Anyone who is self-employed including independent contractors, gig workers, or anyone who receives a 1099 or other gig payments can benefit from the high level of support offered in the Self-Employed edition.
The Self-Employed edition costs the most at $54.95 plus $39.95 for state tax filing, but it also gives you the chance to maximize your deductions, lowering your tax liability as a self-employed taxpayer.
TaxSlayer Military is a free program for all active-duty military personnel. There aren’t any restrictions on income type, deductions, or any other restrictions. You get everything you need to file your taxes for free, and it includes IRS inquiry assistance for up to one year after filing your tax returns.