5 Reasons to Use Tax Prep Software

woman-taxes624x258.pngI’ve been doing my own taxes for about 5 years now. Even as my needs have changed (I’ve gone from a simple 1040EZ to a more complex small business partnership structure), I’ve found that the tax software available on the commercial market has grown to meet my needs. While many of us DIY’ers love the control we can have over our filing, there are many other valid reasons to giving it a try. With over 36 million people using tax software for last year’s taxes, we’re convinced it may be a good investment for you, too. Here are the most compelling reasons to break out of your rut and give it a go!

Simple Q & A

Most of us don’t get around the table with our buddies and chat about our 1099-DIV’s. We may however, share some insight into how much interest our bank accounts have earned. That’s because, to be quite honest, most of us don’t care about the terms used to describe tax documents and law – but we do care about getting our taxes done right.

Tax software offers us the ability to answer simple, common questions that most any person can understand and can decipher it into “tax-speak” that the IRS can process. It’s like having your own translation service for the trickiest of languages. And because most of the questions asked by tax software programs are situational, users can accurately detail their statuses by simply telling it like it is. There’s no need to guess what category, form, or line a specific item would appear on.

Linsey Knerl
Linsey Knerl
Linsey is the Community Manager for Wise Bread, a community dedicated to helping folks live large on a small budget. Linsey loves savvy tech solutions that help her share the world with her children.

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  • http://profile.typepad.com/6p0000000000000014 Tom

    You can also deduct the amount you spend on tax preparing, so that’s another perk.
    I like that you can enter info at your leisure, so once the 1098s and W2s start trickling in, I can update my return. Once the last piece of paper comes in, I am ready to file in a matter of minutes.

    • http://www.facebook.com/profile.php?id=100003406385308 Annesha

      Thank you for your site post. Jones and I happen to be snvaig for a new ebook on this matter and your writing has made people like us to save all of our money. Your thoughts really answered all our questions. In fact, more than what we had thought of just before we came across your great blog. My spouse and i no longer have doubts and also a troubled mind because you have attended to the needs in this post. Thanks

  • http://profile.typepad.com/6p0000000000000014 femmeknitzi

    I think we’re going to try Turbo Tax this year. Last year, I claimed the Homebuyer Tax Credit so I dropped $350 on a CPA. I am willing to pay for an expert but that was just too much. The time and energy it takes to find a reputable CPA at a reasonable price is not worth it to me this year.

  • http://www.facebook.com/profile.php?id=100003406360917 Teodoro

    the estate pays the taxes, there sholud have been assets enough to take care of the tax obligationyou probably disbursed assets before the estate return was closed whereby, if you were the administrator are having a hard time taking care of what was your responsibility regarding the estateit will go away when it is paid

  • http://www.facebook.com/profile.php?id=100003406363980 Khan

    there had to have been things of value in the etatse that should have been sold to pay the etatse taxes before you are legally allowed to pass anything on to heirs you better get that stuff back and sell it and pay the taxes