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The Best Last-Minute Tax Softwares For July 15 Deadline

Henry Khederian
·2 mins read

Given the ongoing coronavirus pandemic, the deadline to file your federal income taxes was extended from April 15 to July 15, 2020.

While we hope Wednesday’s deadline to file isn’t news to you and your family, we’re here to help you find the easiest, most efficient ways to get your taxes done in the event you’ve yet to file.

The following is an overview of Benzinga’s top recommended tax software for 2020. These platforms are especially helpful if you and your streams of income fit any of the following criteria:

  • You made money from trading stocks in 2019

  • You were self-employed in 2019

  • You had a change in career in 2019 or multiple streams of income in 2019

TurboTax

“Self-employed tax filers will enjoy TurboTax’s Expense Finder, which can scan your bank account for business-related deductions that can lower your tax bill. TurboTax can even categorize and input the values it finds automatically.”

Learn more about TurboTax here.

H&R Block

“Pricing is lower than some competitors for most of the company’s online tax software solutions, which offer three software versions for personal taxes above the free online tax filing service.”

Learn more about H&R Block here.

TaxAct

“One comforting feature of TaxAct is the company’s $100,000 Accuracy Guarantee, which guarantees the accuracy of your return but also ensures that your refund is maxed out as well. TaxAct backs its guarantee with up to $100,000 in coverage for any smaller refund or tax liability due to software errors.”

Learn more about H&R Block here.

TaxSlayer

TaxSlayer takes a different approach to pricing. Tax returns are completed online or through a mobile app, which helps to keep pricing affordable. Additionally, TaxSlayer makes all major tax forms available in all packages except the free package, which only supports Form 1040 EZ.

Remember, waiting to the last minute to file your taxes happens to the best of us. When it comes to picking the best tax software in a pinch, it’s important to remember an efficient and easy-to-use tax platform can help the little deductions can add up.

Still looking for the best tax deductions and ways to save? Don’t forget to check out three money-saving tips for filing your tax returns.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.