5 Best Tax Preparation Tools to Help You During Tax Season

File your taxes with ease using these 5 best tax preparation tools (they’re the highest-rated) during tax season!

Nobody looks forward to filing their taxes, although the best tax preparation tools can make doing so less painful. In addition to using tax filing software, there are other tax planning tools that can help you prepare throughout the year. That way, you’ll be prepared and ready to tackle tax season head-on!

6 Best Tax preparation tools for Tax Season

• H&R Block
• Quicken
• Paycor
• Swyft Filings
• Taxact
• ItsDeductible

Best Tax preparation tools for Tax Season

We put together this article to share 5 of the best tools to help you during the tax filing process. After all, it’s never too early to start prepping for tax season!

H&R Block

For most people, filing taxes causes a lot of stress and confusion. Knowing how to file correctly can save you thousands of dollars and help you avoid legal issues, but the forms are hardly ever straightforward. H&R Block takes the guesswork out of filing your taxes with its innovative DIY e-filing products. Whether you’re a W-2 employee, a business owner, or anything in between, H&R Block offers a product that will guide you through the tax filing process. And until April 15th, you will receive 15% off H&R Block’s DIY tax filing products!

Quicken

Quicken simplifies tax filing with its user-friendly interface and robust financial management tools. This software efficiently tracks income, expenses, and deductions, making tax preparation a seamless process. Its categorization features and automatic transaction imports help users organize financial data effortlessly. Quicken also offers detailed reports, ensuring accuracy and completeness when filing taxes. With timely updates to tax laws and seamless integration with popular tax preparation software, Quicken empowers users to navigate tax season with confidence and ease.

Paycor

As a tax preparation tool Paycor provides invaluable assistance to small business owners with their tax-related responsibilities, streamlining the complex process and mitigating potential challenges. With payroll and tax management tools, Paycor ensures accurate calculations, timely filings, and compliance with ever-changing tax regulations. The platform automates tax deductions, minimizing errors and saving time for entrepreneurs. Additionally, Paycor offers expert support, keeping small business owners informed and confident in their tax obligations. This comprehensive solution empowers entrepreneurs to focus on growing their business while maintaining compliance and financial stability.

Swyft Filings

Swyft Filings is another great tool that can help small business owners. To start, they will help you with everything you need to form your new business. That includes putting together legal documents, banking agreements, and even registering your company name and website online. 

And when it comes to filing taxes, Swyft Filings also has your back. You can easily get your Federal Tax ID or Employer Identification Number (EIN) directly through their site. This ID is necessary if you’re collecting any revenue that must be filed with the IRS. Their agents will even research the exact state or city requirements needed for filing state taxes as well.

TaxAct

If you wait until the last minute to file your taxes, you might be surprised by how much you owe. This can be a huge problem if you don’t have enough money set aside. Instead of waiting until your filing is complete, you can see how much you owe using TaxAct’s tax calculators. 

TaxAct has a basic tax calculator that can estimate how much you’ll need to pay (or how much you’ll be refunded). You can also calculate your tax income bracket as well as your healthcare taxes and penalties. If you’re a small business owner, they also have a tool to help you figure out what you’ll owe in self-employment taxes. This is why it’s one of the best tax preparation tools!

ItsDeductible

Tax deductions and credits can help you save a lot of money during tax season. It lowers your taxable income and decreases how much you owe the IRS. If you need to claim deductions on your taxes, then it’s crucial that you use a deduction calculator like ItsDeductible. 

This tax preparation tool (which is owned by TurboTax) allows you to easily track all your donations. That includes cash, mileage, stock, or non-cash items like cars, furniture, or jewelry. For non-cash-related donations, ItsDeductible can also determine the value of your item and if it qualifies for a deduction. Plus, it’s free to use, making it one of the best tax planning tools you can use!

Not sure where or how to donate your belongings? We put together a list of places that will accept donations.

Filing your taxes can be overwhelming, especially if you don’t have the right tax preparation tools to help you out. It’s best to start several months ahead of time when preparing for tax season. That way, you’ll reduce stress and last-minute panics that could arise if you wait until the tax deadline! 

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