The best tax software of 2023: Federal and state

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As we approach the year 2023, tax season is just around the corner. With that comes the need for adequate technology to make sure our taxes are submitted accurately and on time. In this article, we will review the best tax software of 2023 – both at the federal and state level – to determine which programs will make our lives easier and ensure we receive the maximum refund.

Federal Tax Software

When it comes to federal tax software, our top pick is TurboTax. With over 31 million users, TurboTax is the industry leader for a reason. It offers a variety of packages, including options for free filing for basic tax returns, to premium plans that can handle complex tax situations. TurboTax is also available on multiple platforms, including online, desktop, and mobile versions.

One of the standout features of TurboTax is its user interface. The software is incredibly user-friendly, with simple navigation menus that make it easy to input your information. TurboTax is also capable of importing your tax information from previous years, making the overall process faster and more efficient.

In terms of accuracy, TurboTax has a 100% accuracy rating, according to the company’s website. It also offers a maximum refund guarantee, which means if you use TurboTax and receive a larger refund through another tax software, TurboTax will refund your purchase price.

TurboTax also offers great customer support, with a help center that includes a comprehensive knowledge base, live chat support, and phone support. They even offer a service called TurboTax Live, which allows you to connect with a tax expert for personalized assistance.

State Tax Software

When it comes to state tax software, our choice is H&R Block. With over 12,000 locations across the United States, H&R Block is a trusted name in the tax industry. They offer a variety of packages, including a free option for basic tax returns.

One of the standout features of H&R Block is its interface. The software is straightforward and easy to use, with step-by-step instructions that guide you through the process. H&R Block also offers the ability to import tax information from previous years, similar to TurboTax.

In terms of accuracy, H&R Block has a 100% accuracy rating for state returns. Additionally, they offer an accuracy guarantee that ensures you will receive the maximum refund possible. If there is an error on your tax return that results in a smaller refund or an increase in taxes owed, H&R Block will pay any associated penalties and interest.

H&R Block also offers excellent customer support, with a robust help center that includes a knowledge base, live chat support, and phone support. They also offer a service called Tax Pro Review, which allows you to have your tax return reviewed by a tax professional before submitting it.

What to Consider When Choosing Tax Software

When choosing tax software, there are several factors to consider. Here are some of the most important:

1. Cost: How much does the software cost? Does it fit within your budget?

2. Ease of Use: Is the software user-friendly? Can you easily navigate through the program and input your information?

3. Accuracy: Does the software have a good track record of accuracy? Does it offer any accuracy guarantees?

4. Customer Support: Does the software offer good customer support options? Are there resources available if you have questions or run into issues?

5. Features: Does the software have all the features you need? Can it handle your specific tax situation?

6. Platform Availability: Is the software available on the platform(s) you prefer to use?

Overall, when choosing the best tax software for your needs, it’s essential to consider all of these factors and choose a program that fits your specific needs.

In Conclusion

As we have reviewed, the best tax software of 2023 differs between federal and state taxes. TurboTax is an industry leader for federal taxes, with a user-friendly interface and accurate results. H&R Block, with its nationwide presence and tax professional review option, is the top choice for state taxes.

It’s crucial to consider all relevant factors, such as cost, ease of use, accuracy, customer support, features, and platform availability when selecting the best refund option. By taking these considerations into account, you can find the best tax software for your unique tax situation, and alleviate the stress associated with tax season.