Tax preparation software often comes in a few different versions, which can make it confusing to decide which version of tax software will work best for your tax preparation needs. Most tax software packages with versions are available with these three levels of tax preparation features:
Deluxe tax software offers help with preparing taxes involving itemized deductions related to mortgages, charitable contributions, etc. Deluxe versions provide more documentation on specific tax topics, both in written and video formats.
Premiere or premium tax software has support for investments and small business deductions. This level of tax software offers even more documentation and resources to research all tax topics in written and video format.
Online tax software becomes more popular every year, and for good reason. Read Online Tax Software or Desktop Tax Software to decide if you should do your tax return online.
Before you buy tax software verify whether the price includes a state return if you want to use the software to file a state return. Check on prices for electronic filing as well if you plan to e-file instead of printing out and mailing your tax return in. The price of the tax software does not usually include e-filing fees.
