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If you’re looking for a new tax preparation software program, TaxSlayer is the one to look into. The company has over 20 years of experience in this field and help its customers ease through taxes with their 10-Point Tax Strategy Program.
The “is taxslayer safe to use” is a question that has been asked for years. The answer is yes, as long as you are using the correct settings and not paying taxes on your investments.
TaxSlayer is a web-based tax software that enables you to submit state and federal tax returns from anywhere at any time. It allows you to submit basic tax returns for free and manage complicated Self-Employed tax circumstances for a minimal fee. Free phone and email service, a guaranteed maximum return, Assistance with IRS Audits, and a App for mobile devices are just a few of the features. TaxSlayer has a free version as well as three premium packages starting at $24.95 for federal tax filing.
Go to TaxSlayer.com.
What We Think TaxSlayer Is Good For
We recommend TaxSlayer for at-home tax filers seeking to file their returns at a lower price than H&R Block or TurboTax. Generally, it is best for filers with only a few capital gain or loss transactions since these can’t be imported. Despite its low price, it offers a decent list of helpful features that make your tax filing process easier and your refunds faster.
TaxSlayer Is Particularly Beneficial For
- Taxpayers who want to submit a free federal and state tax return: Individuals who prepare their own taxes may use TaxSlayer’s free plan. This package entitles you to a free individual tax return. The first state tax return is free, but further returns will set you back $39.95.
- Individuals who are Self-Employed, contractors, or 1099 contractors that want tax advice: Premium and Self-Employed customers get unrestricted access to a team of tax specialists that specialize in Self-Employed tax difficulties, including enrolled agents (EAs) and tax preparers. TaxSlayer was included in a list of the top company tax software as an affordable tax software for freelancers with tax expert help.
- Taxpayers who want to save money on their Schedule C file should do the following: TaxSlayer provides an affordable Schedule C filing charge of $24.95, however this does not include deduction aid or tax expert guidance.
For Whom TaxSlayer Isn’t a Good Fit
- Professional tax preparers: TaxSlayer is a do-it-yourself (DIY) tax preparation program that is not intended for use by professionals. Check out our assessment of the best tax software for tax preparers if you’re an accountant or a tax professional who prepares returns for several customers.
- C corporations (C-corps), S corporations (S corps), and partnerships are examples of business structures. TaxSlayer does not provide any products that allow you to file forms 1120, 1120S, or 1065. Instead, we suggest TaxAct, which provides a variety of tax filing alternatives for partnerships, C-corporations, and S-corporations.
- Taxpayers looking to file multiple returns: TaxSlayer requires you to pay for each return separately, which can be expensive if you need to file multiple returns. Instead, we recommend H&R Block’s desktop software, which lets you prepare as many returns as you like and e-file five of them at no additional cost.
Are you on the lookout for something unique? For a range of tax software choices, see our post on the best small company tax software. Based on the cost of generating the standard bundle of returns needed by most company owners, we narrowed down our options.
Pros and Cons of TaxSlayer
Go to TaxSlayer.com.
Pricing at TaxSlayer
TaxSlayer has a free version that allows you to submit basic forms for free, as well as three premium packages ranging from $24.95 to $54.95 for federal filing and $39.95 for state filings.
W-2 import, IRS audit support, live chat, advice with 1099 income, and access to a tax pro with Self-Employed knowledge are among the extras included in the plans.
Totally free
The free plan is best for simple tax filing, and it includes one free state tax return. This option lets you file a 1040 and a state return for free, but only if your taxable income is less than $100,000, you don’t claim dependents, and you don’t have rental income, investments, or a business. The Totally free plan supports W-2 income, student loan interest, and education expenses and also includes free phone and email support.
Classic
The Classic plan contains all of the features of the Free plan plus all forms, credits, income, and deduction types, as well as W-2 import and PDF upload. For freelancers, landlords, and others who prefer to itemize their deductions, this is a terrific alternative. The Earned Income Tax Credit and Child Tax Credit are included in the Classic plan, as well as no income form or schedule constraints. All active military personnel are eligible for the federal portion of this package at no cost.
Premium
Everything in the Classic plan is included in the Premium plan, plus three years of IRS audit help, priority tech support through live chat, priority phone and email support, and access to a tax specialist.
Self-Employed
This plan is excellent for self-employed persons and independent 1099 contractors, as the name implies. All of the features of the previous packages are included, as well as 1099 income advice, quarterly estimated tax payment reminders, individualized tax advice, access to a tax pro with self-employed knowledge, year-round tax and income recommendations, and a Schedule C deduction maximizer.
Features of TaxSlayer
To assist you in preparing and filing federal and state tax returns, TaxSlayer provides useful tools, a searchable online knowledge base, and additional assistance and support. Here’s a sample of what you can get based on the bundle you pick.
Maximum Security Guaranteed Refund
With the exception of the Totally free plan, TaxSlayer guarantees that you’ll receive the maximum refund that you’re entitled to, or it’ll refund your purchase. To qualify, you must be able to show that the larger refund or smaller tax due cannot be attributed to data that was entered incorrectly and provided to TaxSlayer for tax preparation.
Guaranteed accuracy of 100 percent
TaxSlayer guarantees that all tax computations are 100 percent correct, or it will refund any federal or state fines and interest. The guarantee does not apply if it is found that you submitted information erroneously.
There are no out-of-pocket costs.
Your tax filing costs will be taken from your refund if you choose TaxSlayer’s File and Go option. If you want to avoid using credit cards to pay your fees, this is a straightforward and handy option.
Assistance with IRS Audits
This option is only available in the Premium plan and allows you access to TaxSlayer’s team of IRS-certified experts and EAs who are prepared to assist you with an IRS audit. After the IRS approves your filing, this service is valid for three years.
Optional Refunds
With three alternatives, TaxSlayer allows you to pick how you want to receive your return. Your refund will be deposited to up to three separate accounts if you choose direct deposit. You may also request a printed check, which will come five days after the IRS has processed your return. Last but not least, you may have the monies put to a TaxSlayer Visa Debit Card, which enables you to get your refund by direct deposit even if you don’t have a bank account.
Calculator for Tax Refunds
TaxSlayer Calculator for Tax Refunds (Source: TaxSlayer)
To prepare for the following season, use TaxSlayer’s return calculator to predict your refund using your paycheck or W-2. To identify your filing status and claim any dependents, you just need to give some simple information. The calculator also estimates your prospective taxable income and locates the most advantageous credits and deductions.
Importing PDF Documents
You may import your returns from other online tax preparation tools to TaxSlayer if they are saved as PDF documents. You may import 1040, 1040A, and 1040EZ tax forms.
App for mobile devices
TaxSlayer App for mobile devices (Source: TaxSlayer)
Download the TaxSlayer App for mobile devices on Google Play or App Store and file your taxes online right on your mobile device. You can instantly see the status of your return and receive updates with personalized notifications. A refund calculator is also available.
Customer Service and Usability
TaxSlayer provides a simple user interface and a straightforward website architecture. To get started, you’ll need to establish a free account by entering your email address and creating a password. When you log in, you’ll see the My Account page, which has a sidebar menu with sections such as My Account, Basic Information, Federal Section, Health Insurance, State Section, Summary/Print, E-file, Mailbox, and Settings:
My Account page on TaxSlayer (Image courtesy of TaxSlayer)
There is an interview component to it, however you may skip around some of the questions as you go:
Question from the TaxSlayer interview (Source: TaxSlayer)
If you get stuck, TaxSlayer has a variety of assistance alternatives, including free phone and email help for all filers, regardless of plan. It also includes an online knowledge resource with solutions to a variety of frequently asked tax topics. You’ll need to upgrade to the Premium or Self-Employed version if you want live support from tax specialists.
Alternatives to TaxSlayer
Conclusion
Overall, TaxSlayer is a cost-effective option for many taxpayers, particularly those with a small number of capital gain transactions to enter. It may not be as powerful as other tax software, but its most selling featurelow price pointsprovides a compelling value that matches more costly products. TaxSlayer is highly recommended for self-employed persons who want a cost-effective software to file Schedule C while still requiring the assistance of a tax expert.
Create a free TaxSlayer account now to learn how it may benefit you.
The “taxslayer pro reviews” is a tax preparation software that’s available through the TaxSlayer platform. The company has been around since 2002 and offers both online and mobile versions of its software.
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