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20 April 2022
Who doesn’t like tax refunds? Taxslayer promises to help you get the biggest tax refund possible by offering low-cost online software that can prepare your returns. However, can this software handle your situation? You are about to find out. But before then, it's good to know the people the software was designed for.
Who can use Taxslayer?
TaxSlayer makes it easy for people who don’t want to spend a lot of time preparing and filing a return. It eliminates the need for you to go through multiple interview screens if you already know the type of return you want to make and which credits and deductions you can claim. You can also use the software to guide you through the various sections of the return. If you need advanced help, you can contact a tax professional for a fee.
TaxSlayer allows users to answer questions and guide them through the return quickly. In addition, it can help them find the correct forms and complete the tasks. TaxSlayer is a good alternative for people who want to try filing their returns but might not have the skills.
Students qualify for free filing, while self-employed individuals can purchase the classic edition. The Classic edition includes the required forms for self-employed individuals, such as Schedule C, used to report freelance work or business income. The Self-Employed version also comes with additional support and guidance.
The free version of TaxSlayer is for individuals who file Form 1040 for federal and state returns. It also includes education deductions and W-2 reporting. The classic edition of TaxSlayer, which costs $17, adds support for all IRS forms and schedules.
It also imports W-2 data from various payroll providers. In addition, to live chat, audit assistance, unlimited phone access, and enhanced support, the TaxSlayer Premium version adds all the features of the classic edition for a price of $37.
The self-employed version of TaxSlayer costs $47 and provides additional guidance for individuals filing their state taxes. Filing your state taxes for 2021 in 2022 costs $36.95 per state.
If you are unsure which version of TaxSlayer to use, you can always start with the free version. However, the software automatically upgrades you to the Classic Edition if you want to add certain tax credits, income, or deductions. You can also pay the filing fee using your refund. Through a third-party bank TaxSlayer partnered with, you can pay the fee. This service costs $39.
TaxSlayer can be very fast to prepare and file a return, but it can also take a bit longer if you need help. The free version of TaxSlayer also has various tools and features designed to help users, but if you encounter issues with the software, you can always contact a tax professional.
Additionally, several "learn more" links in the interview screens contain more information you might need. Although TaxSlayer refers to its customer support team as a group of tax professionals, they are not necessarily accountants or tax attorneys. Instead, they are only certified through the IRS Volunteer Income Tax Assistance program. This means that the only training these individuals receive comes from the IRS.
TaxSlayer also uses the IRS' in-house training to ensure its customers receive the best possible service. This program is designed to help individuals prepare and file their federal income tax returns. However, if you have a complex return or need advice, TaxSlayer's support team might be unable to help you. Unfortunately, TaxSlayer can't import or export W-2s and documents like those found in H&R Block and TurboTax. Instead, it has to enter the information manually. But, apart from that, everything is fine, and you are good.
If your return is simple, you'll likely be able to get through the entire process without help. However, TaxSlayer Classic supports most major IRS forms and schedules. Therefore, some users may need guidance along the way. The site's vertical layout displays content and help tools in the right and left panes. For example, clicking the Help & Support icon in the upper right corner will create a new screen by TaxSlayer. The new screen will ask you whether you have a technical question. It will also show you the various tools to help you.
TaxSlayer has helped millions of individuals file their federal and state tax returns with 100% accuracy. It offers a variety of payment options and guarantees that all returns are filed accurately. Although TaxSlayer doesn't have the same name recognition as some of the larger companies, such as H&R Block and TurboTax, it is still an excellent service that gets better each year. It supports all major tax forms and schedules for only $17.
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