As the year draws to a close, many Americans are eager to complete their tax returns ahead of time. By filing early, individuals expedite the process and set the stage for quicker refunds. With numerous options available, selecting the appropriate tax software can be daunting. This article outlines some of the top choices for those intending to file their taxes early in December.
Advantages of filing taxes early
Filing taxes early offers several benefits. Primarily, it enables taxpayers to receive their refunds sooner. This is advantageous for individuals who depend on their refunds to cover holiday expenses or reduce debts. Additionally, early filers have the opportunity to resolve any potential issues, such as discrepancies or inquiries from the IRS. Moreover, early filing can help mitigate the risk of identity theft, as criminals are less likely to attempt fraudulent filings when legitimate returns have already been submitted.
How to choose the best tax software
When selecting tax software, various factors should be considered to ensure it aligns with your specific requirements. Below are key criteria to evaluate:
User-friendliness
The software should feature an intuitive interface that simplifies the filing process. Look for functionalities like guided steps and clear instructions. A user-friendly platform minimizes errors and eases the overall experience.
Cost-effectiveness
Price is a significant factor for many taxpayers. Assess the pricing structures of different software options. Some may provide free versions for simple tax situations, while others charge fees based on the complexity of your return. Determine what fits your budget while offering essential features.
Recommended tax software for December
Here is a selection of some leading tax software options suitable for early filers:
TurboTax
TurboTax is well-regarded for its comprehensive features and user-friendly interface. It provides various tools to guide users through the filing process, ensuring no deductions are overlooked. Additionally, TurboTax offers a free version for simple tax returns, making it accessible for those with straightforward needs.
H&R Block
Another favored choice is H&R Block, which combines affordability with a robust set of features. The software includes a free version and addresses a broad range of tax situations. H&R Block also offers in-person assistance, which can be beneficial for individuals preferring face-to-face support.
TaxAct
TaxAct is recognized for its competitive pricing and strong performance. It offers a free version for basic returns and is especially appealing to those looking to save money while receiving quality service. TaxAct simplifies the process with easy navigation and helpful resources.
FreeTaxUSA
If budget constraints are a primary concern, FreeTaxUSA may be the ideal option. It offers a free federal tax filing service with affordable state return options. Despite its low cost, FreeTaxUSA provides a solid array of features to meet the needs of most taxpayers.
Filing taxes early offers several benefits. Primarily, it enables taxpayers to receive their refunds sooner. This is advantageous for individuals who depend on their refunds to cover holiday expenses or reduce debts. Additionally, early filers have the opportunity to resolve any potential issues, such as discrepancies or inquiries from the IRS. Moreover, early filing can help mitigate the risk of identity theft, as criminals are less likely to attempt fraudulent filings when legitimate returns have already been submitted.0