The Best Places to File Your Taxes Online in 2022
April is fast approaching. Those who wait until the last minute to file their taxes usually leave money on the table by not selecting the best tax preparation service. We have compiled the four best online tax services that offer free and affordable ways to get your biggest refund and get it as quickly as possible.
US TAX DEADLINE: Monday, April 18, 2022
Should I File My Taxes Online?
The IRS can take upwards of 8 weeks to process a tax return that was filed on paper. For this reason, online tax filing is more popular and secure than ever. Online tax services and software are the most simple way to quickly get your tax return in 2022. Online services offer on-demand support and human contact for tax issues. Rather than fussing with the IRS, many choose a professional tax service as an easy alternative.
Average Wait for Tax Refund:
Online or Efile: 2-3 Weeks
IRS Tax File (paper): 8-12 Weeks
What Does It Cost to File Online?
Online tax preparers and software offer free options. however, if you do you choose to pay for a certain service online tax preparers will take any fees directly out of your return so there is no up-front cost. Most who choose to use professional services end up with a much larger return which is likely to overshadow any incurred fees.
Top 5 Online Tax Services:
Cost: Free, $34,99 $69.99
Founded in 1955 as one of the nation's most trusted tax prepares H&R block currently employs over 12,000 retail locations to better serve their clients. However, the easiest way to file and get your return quickly is to file using their online service.
Cost: Free, $24, $54
Based in Augusta, Georgia TaxSlayer has quickly become one of the fastest-growing and most reliable tax prep services in the US. Not only does TaxSlayer offer the same fee and paid services as other more well-known names, but they also do so at often a much lower price.
Cost: Free, $29. $39
Efile.com offers the most simple self file service, with on-demand expert support. Over 67 million self-prepared returns were filed in 2021. E-file offers the hands-down best free service while offering top-tier support and premium filing.
Cost: Free, $34, $55
While offering equally professional and secure service, Liberty Tax has built its reputation on fast filings and returns, don't be stuck around waiting on the IRS for a paper filing. Get your money fast by filing online same-day.
How Much Will My Tax Return Be?
The amount of your tax return can depend on a number of factors including your income, deductibles, and any back taxes you may owe. To ensure you get the largest return possible it is recommended to seek the assistance of a tax prep service. Consulting with an expert can not only save you money this year. but prevent mistakes that can cause expensive headaches in future tax seasons.