Cheapest Places To Do Taxes
I have scoured the web and came across a list of the absolute most budget-friendly places to get your taxes done. If you’re someone like me who detests spending a fortune on this necessary but often tedious task, you’re in for a treat. From small local tax services to online platforms that offer free options, there are numerous options out there to help you save some hard-earned cash. So, if you’re ready to make this tax season a little easier on your wallet, keep reading for a roundup of the cheapest places to do taxes.
Online Tax Filing Services
TurboTax
TurboTax is one of the most popular online tax filing services available today. It offers a user-friendly interface that guides you through the process of preparing and filing your taxes. TurboTax offers various versions of its software, including a free option for simple tax returns. The service is known for its accuracy and reliability, and it also provides useful tools and resources to help maximize your deductions and credits.
H&R Block
H&R Block is another well-known online tax filing service that offers a range of options to fit different tax situations. Whether you have a simple return or a more complex one, H&R Block has a solution for you. Their software provides step-by-step guidance, and their knowledgeable tax professionals are available to answer any questions you may have. H&R Block also offers an accuracy guarantee, giving you peace of mind that your taxes will be done correctly.
TaxAct
For those looking for an affordable option, TaxAct is a great choice. TaxAct offers a comprehensive suite of tax preparation tools at competitive prices. Their software is easy to use and includes features such as a deduction finder and a refund calculator. With TaxAct, you can file your federal and state taxes online and even import your previous year’s return from other tax software. TaxAct also offers a satisfaction guarantee, ensuring that you will be pleased with their service.
TaxSlayer
TaxSlayer is an online tax filing service that offers a range of solutions to meet your tax needs. From individual taxpayers to small business owners, TaxSlayer has options for everyone. Their software is user-friendly and provides step-by-step guidance throughout the tax preparation process. With TaxSlayer, you can file both federal and state taxes online, and their customer support team is available to assist you if needed. TaxSlayer also offers a maximum refund guarantee, ensuring you get the most out of your tax return.
FreeTaxUSA
As the name suggests, FreeTaxUSA offers a free tax filing service for federal returns. Their software is easy to use and provides all the necessary forms and schedules for a simple tax return. FreeTaxUSA also offers additional services for a fee, such as state tax preparation and live chat support. If you have a more complex tax situation, FreeTaxUSA still provides an affordable option compared to other online tax filing services. With FreeTaxUSA, you can file your taxes with confidence and save money in the process.
Local Community Centers and Non-Profit Organizations
Volunteer Income Tax Assistance (VITA) program
The Volunteer Income Tax Assistance (VITA) program is a valuable resource for individuals and families with limited income. This program, supported by the IRS, offers free tax help to those who need it the most. Trained volunteers assist taxpayers in preparing their basic tax returns and help them take advantage of available credits and deductions. VITA sites are often located in community centers, libraries, and schools, providing convenient access to tax assistance for those in need.
AARP Foundation Tax-Aide program
The AARP Foundation Tax-Aide program is specifically designed for taxpayers aged 50 and older. This program offers free tax preparation services by trained volunteers who understand the unique tax situations that seniors may face. With over 5,000 locations nationwide, the AARP Foundation Tax-Aide program provides personalized assistance and ensures that seniors receive the tax benefits they are entitled to. From simple returns to more complex situations, the AARP Foundation Tax-Aide program is a trusted resource for older taxpayers.
College and University Programs
Accounting and Finance Departments
Many colleges and universities offer tax assistance programs through their accounting and finance departments. These programs provide an opportunity for accounting students to gain real-world tax preparation experience while helping individuals and families with their taxes. The services offered may vary from institution to institution, but often include free tax help for simple returns. By utilizing these programs, taxpayers can benefit from the expertise of accounting students and ease the burden of tax preparation.
Tax Clinics
In addition to accounting and finance departments, some colleges and universities also operate tax clinics. These clinics are staffed by law students or faculty members specializing in tax law. Tax clinics offer free or low-cost assistance to individuals and small businesses, particularly those with complex tax situations or tax disputes. By utilizing the services of a tax clinic, taxpayers can receive professional guidance and representation, ensuring their taxes are done correctly and minimizing the risk of IRS audits or penalties.
Public Libraries
Tax Forms and Publications
Public libraries are a valuable resource for taxpayers in need of tax forms and publications. During tax season, libraries typically provide a wide range of federal and state tax forms and instructions, allowing taxpayers to access the necessary documents free of charge. Libraries may also offer assistance in locating and printing tax forms from government websites. By utilizing public libraries, taxpayers can save both time and money by avoiding the need to purchase or download tax forms.
Free Tax Assistance Programs
Some public libraries also host free tax assistance programs, providing taxpayers with the opportunity to receive personalized help in preparing their tax returns. Trained volunteers or IRS-certified tax preparers are available at designated times to assist individuals and answer tax-related questions. These programs are often scheduled by appointment and cater to taxpayers with simple returns. Public library tax assistance programs are a convenient and cost-effective option for individuals seeking guidance and support.
Taxpayer Assistance Centers
Internal Revenue Service (IRS)
The Internal Revenue Service (IRS) operates Taxpayer Assistance Centers throughout the United States. These centers provide in-person assistance to individuals and businesses with tax-related matters. Taxpayer Assistance Centers offer a variety of services, including help with filing tax returns, obtaining tax forms and publications, making payments, and resolving tax issues. IRS representatives are available to answer questions, provide guidance, and assist with resolving any tax-related concerns.
State Tax Departments
In addition to the IRS, state tax departments often have local offices or taxpayer assistance centers available to residents. These offices offer similar services to the IRS Taxpayer Assistance Centers but focus specifically on the state tax laws and regulations. State tax departments can provide guidance on filing state tax returns, understanding state-specific tax credits and deductions, and resolving any state tax-related issues. By contacting their local state tax department, taxpayers can access valuable resources and assistance specific to their state.
Military Tax Assistance
Volunteer Income Tax Assistance (VITA) program
The Volunteer Income Tax Assistance (VITA) program, previously mentioned in the local community centers and non-profit organizations section, also extends its services to military personnel and their families. VITA sites located on military installations provide free tax preparation assistance to military members, veterans, and their families. These sites are staffed by volunteers who are knowledgeable about the unique tax benefits and challenges associated with military service. By utilizing VITA services, military personnel can have peace of mind knowing their taxes are done correctly and that they are taking full advantage of available tax benefits.
Military OneSource
Military OneSource is another valuable resource for military members and their families when it comes to tax assistance. This program offers free tax preparation software and support designed specifically for military personnel. Military OneSource provides a user-friendly online platform with step-by-step guidance, along with access to tax experts who can answer questions and provide personalized assistance. Additionally, Military OneSource offers free tax consultations and tax preparation services for certain special circumstances, such as military deployment or overseas assignments.
Software for Low-Income Individuals
Credit Karma Tax
Credit Karma Tax is a free online tax preparation software that is available to individuals with simple tax returns, particularly those with lower incomes. The software offers a straightforward and intuitive interface, making it easy for users to prepare and file their taxes. Credit Karma Tax also provides access to tax professionals who can answer questions and provide support throughout the process. Additionally, Credit Karma Tax includes a feature that searches for potential tax credits and deductions to help users maximize their refunds.
IRS Free File Program
The IRS Free File Program is a partnership between the IRS and various tax software companies. This program allows eligible individuals with adjusted gross incomes below a certain threshold to access free tax preparation software and file their federal tax returns electronically. By utilizing the IRS Free File Program, taxpayers can take advantage of the features and assistance provided by reputable tax software companies at no cost. The program ensures that low-income individuals have access to professional tax preparation tools, helping them meet their tax obligations without incurring additional expenses.
Discounted or Free Tax Services for Seniors
AARP Foundation Tax-Aide program
The AARP Foundation Tax-Aide program, previously mentioned in the local community centers and non-profit organizations section, offers free tax preparation services to seniors aged 50 and older. This program is specifically designed to meet the needs of older taxpayers, taking into consideration their unique tax situations and potential deductions. The AARP Foundation Tax-Aide program ensures that seniors receive personalized assistance from trained volunteers who understand the importance of maximizing their tax benefits.
Senior Centers
Many senior centers and community organizations offer discounted or free tax services for seniors during tax season. These services may include assistance in preparing tax returns, access to tax volunteers who can answer questions, and guidance on available tax credits and deductions for seniors. By utilizing the resources available at senior centers, older taxpayers can receive the support they need in navigating the tax filing process and ensure they are taking advantage of all applicable tax benefits.
Online Resources and Portals
IRS Free File
The IRS Free File program, previously mentioned under the Software for Low-Income Individuals section, is also an online resource that provides free tax preparation software for eligible individuals. In addition to offering free tax preparation software, the IRS Free File website provides useful information and resources to help taxpayers understand their tax obligations and maximize their refunds. Users can access tax forms, publications, and instructions, as well as use interactive tools to estimate their taxes and check the status of their refunds.
IRS2Go Mobile App
The IRS2Go mobile app is a convenient and user-friendly resource for taxpayers on the go. The app allows users to check the status of their tax refunds, make tax payments, and find free tax assistance providers near their location. It also provides access to helpful tax tools and resources, such as tax calculators and a tax withholding estimator. With the IRS2Go mobile app, taxpayers can stay connected with the IRS and access important tax information at their fingertips.
Crowdsourcing and Peer-to-Peer Assistance
Tax Forums and Communities
Tax forums and communities on the internet provide a platform for individuals to share their tax-related experiences, ask questions, and receive advice from others. These online communities are often frequented by tax professionals or experienced taxpayers who generously share their knowledge and expertise. By participating in tax forums and communities, individuals can find answers to their tax-related questions, learn about tax strategies, and gain valuable insights from others who have faced similar tax situations.
Crowdsourced Tax Preparation Services
In recent years, there has been a rise in crowdsourced tax preparation services that leverage the expertise of tax professionals or experienced taxpayers. These services allow individuals to have their taxes prepared by qualified individuals outside of traditional tax firms. Crowdsourced tax preparation services connect taxpayers with certified tax preparers who can assist with tax preparation, answer questions, and provide support throughout the process. By utilizing these services, individuals can access professional assistance at a more affordable price compared to traditional tax preparation services.
In conclusion, there are numerous options available for individuals seeking affordable or free tax assistance. From online tax filing services to local community centers and non-profit organizations, taxpayers have access to resources that can help them navigate the complexities of tax preparation. By utilizing these services, individuals can ensure their taxes are done correctly, maximize their refunds or deductions, and ease the burden of tax filing. Whether you choose to utilize online resources, seek assistance from community organizations, or leverage the expertise of tax professionals, there are various ways to make the tax filing process more affordable and accessible for everyone.
