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Best Tax Software 2014

Updated on March 23, 2014

Best Tax Software

For the ones that are employed, own a business, or receive any income will eventually have to file taxes for each tax year. In the past, most of us went to a traditional brick and mortar location so someone can file our annual taxes. Those times are long gone and we now have a better alternative.

Nowadays, many of us know how to file our own taxes using one of the best online tax software. It is convenient, fast, and is done at your own pace. There is no need to setup an appointment and wait for hours for someone to file your taxes.

Some of the best tax software for 2014 includes H&R Block, TaxAct, and Turbo Tax.

Best Tax Software
Best Tax Software

Best Tax Software 2014

When filing our taxes, we have several options on the market. For starters, filing your taxes online can save you some money. Take a few seconds and compare the best tax software below:

1) H&R Block - Rated the best tax software. With H&R Block, you have four packages to choose from:

  • H&R Block Free - This package enables you to file your federal tax for free. Filing your state tax with this package will cost you $29.99 for each individual state you plan on filing in. Their free package is ideal for individuals filing their tax on their own for the first time.
  • H&R Block Basic - This package costs $34.99 and comes with the ability to import your W2's 1099's, and previous tax returns from other tax software. State tax filing costs $39.99.
  • H&R Block Deluxe - Federal tax filing costs $49.99 whereas state filing costs $39.99. This is ideal for homeowners and investors as it focuses on home mortgage interest, dividends, and investments.
  • H&R Block Premium - Federal tax filing costs $74.99 whereas state filing costs $39.99. This is ideal for individuals that are self employed or are renting several properties.

2) TaxAct - The cheapest tax preparation software. TaxAct has three different packages:

  • Free Federal - File your federal taxes for free and file your state taxes for $17.99 per state.
  • Deluxe Federal - File your federal taxes for $12.99 and your state taxes for $5. This is great for returning tax filers as it allows you to import previous years' data.
  • Ultimate Bundle - This package files your federal and state tax for $17.99.

3) Turbo Tax - They have four packages to choose from:

  • Free Edition - File your federal taxes for free and file your state taxes for $29.99 per state. This is best for individuals completing their taxes for the first time.
  • Deluxe Edition - File your federal taxes for $49.99 and your state taxes for $39.99 per state. This package is great for individuals looking to maximize their tax deductions.
  • Premier Edition - File your federal taxes for $74.99 and your state taxes for $39.99 per state. This package is great for individuals that have investments or rent properties.
  • Home & Business Edition - File your federal taxes for $99.99 and your state taxes for $39.99 per state. This package is best for individuals that have a small business.


Which is the best tax software?

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Best Tax Software: What to Look For?

H&R Block, TaxAct, and Turbo Tax all include these features:

  • Filing your taxes online with convenience and ease.
  • File federal and state taxes.
  • Electronic tax filing and the ability to print your tax return.
  • Maximum refund guarantee.
  • Tons of support and guidance.
  • Software is available on CD,

The three tax software stated above will file your taxes the same way. However, the three services differ when it comes to cost, so be sure to go with the one that is within your budget.

Be sure to choose the package that:

  • Is right for your budget.
  • Gives you the correct option (ex. deductions, interest, investments, etc.)
  • Enables you to maximize your tax refund.
  • Offers quality and reliable online support and guidance throughout the entire process.

H&R Block Tax Software
H&R Block Tax Software

Best Tax Software: Conclusion

H&R Block, TaxAct, and Turbo Tax are the best tax software services available on the market. They can file your federal and state taxes within minutes. Additionally, the three services are guaranteed to be 100% accurate.

Fortunately, you do not pay until you are satisfied with your tax return. And remember, do not miss the April 15 deadline.

Overall, H&R Block is the clear leader in online tax software.

5 out of 5 stars from 1 rating of best tax software

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